As a landlord, whenever you are looking at houses for sale in Merseyside, you could find varying prices throughout an area like Bidston. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Bidston to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Bidston will be revealed. Keep reading.
What is the final sale price of a house in Bidston?
For the city of Bidston, the average price a house sells for is £179,518. This value usually depends on the exact location of the house within Bidston as well as other factors like the population growth in Bidston which is 2% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£302,051|
|Aerage sold price (semi-detached)||£179,615|
|Aerage sold price (terraced)||£134,795|
|Aerage sold price (flat)||£110,165|
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 Bidston.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,820|
|Aerage sold price/sqft (new build)||£2,400|
|Aerage sold price/sqft (old stock)||£1,740|
Generalising the bottom table, the average value per square foot of a house for sale is £2,040. This value averages all of the types of houses for sale in Bidston. 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 Bidston.
In Bidston, what is the asking price in general for a house for sale?
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Bidston is £234,480.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Bidston is useful when negotiating and knowing what to expect for every type of house for sale.
Average price of houses for sale in Bidston
|Average asking price (1 bed)||£92,039|
|Average asking price (2 bed)||£145,060|
|Average asking price (3 bed)||£228,351|
|Average asking price (4 bed)||£356,136|
|Average asking price (5 bed)||£590,000|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Bidston and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £2,260 should also give you an overview of what the asking price for houses for sale are in general.
Are there any important statistics about the population of Bidston?
In Bidston, what is the crime rate?
In Bidston, for every 1000 people, there is currently a crime rate of 85. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (85 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
Is the city of Bidston deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bidston, currently, 29% people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
What is the education level like in Bidston?
In Bidston, the proportion of people who have a degree is 24%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Bidston is £38,200.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
In the city of Bidston, how much green space remains for residents?
Whether you view green space in Bidston as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Bidston, the number of acres of green space for every 1000 people currently is 16.5 which can be measured against the UK average of 1.7.
In the city of Bidston, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Merseyside for example.
These demographics for Bidston may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Bidston in North West.
In Bidston, what is the social grade score?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Bidston, the percentage of people in the two highest categories, A and B is 19%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £38,200. This income will generally get bigger as the percentage of people in the A and B categories go up too (19%).
What salary does the community in Bidston take home?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £38,200.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Bidston this figure is 19%.
In the city of Bidston, has the population grown or shrunk?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Bidston if 38,582 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Bidston such as rental yield or house appreciation.
How has the population size of Bidston adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Bidston by 1%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 1% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Bidston?
In the last decade, the population of Bidston has been adjusted by 2%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
In Bidston, what are the rental yields?
In Bidston, how has the number of houses changed?
Whenever you are thinking about looking for houses for sale in Bidston, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Bidston growth rate||-3%||17%||27%|
As the population of Bidston grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Bidston, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; North West. As well as Merseyside, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Bidston||3.5%||£693||no relevant data for this city||18.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Bidston you might be interested in the number of sales per month (31) that happen in the local housing market. Comparing this figure for Bidston with the above table gives you a good understanding of the profitability of the area.
Who can help you buy a house for sale in Bidston?
A house for sale appropriate to your needs
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Bidston.
- Affordability – check this article from the UK government to find out (see what house for sale you can afford)
- Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
- Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
- Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
- EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
- Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
- Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
- Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
Other cities you can consider looking for with houses for sale
We have prepared a list of cities in North West, the same UK region of Bidston that can help you evaluate the different houses for sale listed in the region:
- Barnston in North West
- Birchwood in North West
- New-Brighton in North West
- Wigan in North West
- Bowmanstead in North West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city