How much will you pay for a house for sale in Bardsley?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North West $ How much will you pay for a house for sale in Bardsley?

Bardsley can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Bardsley.

On top of this, keep reading for detailed information on the demographics of Bardsley in Greater Manchester. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

What are the demographics like in the city of Bardsley?

How educated are the people in Bardsley?

The number of people as a percentage who have been through university and gained a degree is 13%. The ability to buy a home is greatly influenced by the number of people who have degrees. £31,200 is the amount people in Bardsley are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Bardsley, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

What’s a social grade score and how does it relate to Bardsley?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Bardsley compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Bardsley, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 8%.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

Social Score Category The proportion of the UK population (%)
A Professional, managerial or administrative 4
B Intermediate managerial or professional jobs 23
C1 Supervisory, junior managerial or professional jobs 29
C2 Skilled manual workers 21
D Semi and unskilled manual workers 15
E State pensioners, casual & lowest grade workers 8

How much are those living in Bardsley earning?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Bardsley, the average income is £31,200. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 8% to decide on what the demographics are like in the area.

Are the people of Bardsley deprived?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Bardsley, in particular, the deprivation levels are 41%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

Is there sufficient green space in Bardsley?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Bardsley, the city has 10.4 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Bardsley.

Is the crime rate bad in the city of Bardsley?

The crime rate of Bardsley must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.

For example, the area has a crime rate of no relevant data for this city, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.

Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.

Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (no relevant data for this city) is both useful and is recommended to be compared to the average.

The city of Bardsley, situated in Greater Manchester, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Bardsley and its demographics will be compared to its wider location (North West). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Bardsley. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Have the people of Bardsley grown in numbers?

The city of Bardsley has a total population of 39,658. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Bardsley is growing.

A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.

Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.

The five year population change of Bardsley

Over time, in the last five years, the population of the city of Bardsley has changed by 3%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here

In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 3% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.

What is the difference in population over the last 10 years in Bardsley?

In the last 10 years, there has been a shift in the population of 6%.

Comparing this to the 5 year figure of Bardsley can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.

New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.

A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.

In general, what do houses for sale sell for in Bardsley?

For the city of Bardsley, the average price a house sells for is £115,711. This value usually depends on the exact location of the house within Bardsley as well as other factors like the population growth in Bardsley which is 6% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £203,664
Aerage sold price (semi-detached) £137,118
Aerage sold price (terraced) £91,655
Aerage sold price (flat) £56,473

The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Bardsley.

Housing category Sale price per square foot
Aerage sold price/sqft £1,300
Aerage sold price/sqft (new build) £1,570
Aerage sold price/sqft (old stock) £1,200

Generalising the bottom table, the average value per square foot of a house for sale is £1,300. This value averages all of the types of houses for sale in Bardsley. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Bardsley.

On average, what is the figure for the asking price of a house for sale in Bardsley?

When investors make offers for houses for sale in Bardsley, the average price asked by the homeowners works out to be £179,208.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Bardsley is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

The average asking price for the houses for sale in the city of Bardsley

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £137,663
Average asking price (3 bed) £200,495
Average asking price (4 bed) no relevant data for this city
Average asking price (5 bed) no relevant data for this city

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Bardsley is the right area to buy a house in for you.

What’s the rental yield in general for the city of Bardsley?

If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.

This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.

The table below represents this data and compares Bardsley to Greater Manchester and the broader suburb of the UK; North West.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Bardsley no relevant data for this city no relevant data for this city no relevant data for this city 41.0%
Greater Manchester 4.70% £930 128.44% 21.10%
North West 4.36% £808 120.36% 20.19%

Let’s assume you want to sell the house you’re looking to buy in Bardsley for profit in the future, in this case, looking at the data for the number of houses sold per month in Bardsley would give you an idea of whether the area is actively getting new investors. This figure is 20.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Bardsley. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.

The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.

What is the growth in the housing market of Bardsley?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Bardsley that shows the growth in recent years.

1 year 3 years 5 years
Bardsley growth rate 6% 29% 35%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Bardsley is important.