Bostock Green might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Cheshire.
Before looking for a house for sale in the city of Bostock Green we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Bostock Green.
How are rental yields of the houses for sale different to the rest of the UK in Bostock Green?
Are there more or fewer houses being built in Bostock Green?
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 Bostock Green that shows the growth in recent years.
|1 year||3 years||5 years|
|Bostock Green growth rate||3%||10%||21%|
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 Bostock Green is important.
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 Bostock Green, 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 Cheshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Bostock Green||no relevant data for this city||no relevant data for this city||no relevant data for this city||29.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Bostock Green you might be interested in the number of sales per month (19) that happen in the local housing market. Comparing this figure for Bostock Green with the above table gives you a good understanding of the profitability of the area.
Other cities in different locations you can consider to buy property
If you are looking for a list of cities that are different to the City of Bostock Green and in different UK region to North West. You might want to consider these as alternatives for your next real estate investment:
- Bearpark in North West
- Aberdulais in North West
- Cawsand in North West
- Borough Green in North West
- Badenscoth in North West
Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.
Are there any important statistics about the population of Bostock Green?
How much do people in Bostock Green earn?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (25%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Bostock Green, this works out to be £44,400. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
In Bostock Green, what is the crime rate?
The crime rate of Bostock Green 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 82, 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 (82) is both useful and is recommended to be compared to the average.
Bostock Green within Cheshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Bostock Green will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North West). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Bostock Green.
Do the people of Bostock Green get to enjoy green space?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Bostock Green, 9.0 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Bostock Green.
What is the social grade score of Bostock Green?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.
The number of people in Bostock Green in grades A or B which are the highest skilled roles in the country is 25%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £44,400 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 25%.
In Bostock Green, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Bostock Green if 14,790 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 Bostock Green such as rental yield or house appreciation.
How has the population size of Bostock Green adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Bostock Green by 3%. 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 3% 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 Bostock Green?
In the last decade, the population of Bostock Green has been adjusted by 5%. 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.
Is the city of Bostock Green deprived?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Bostock Green is 23%.
How educated are the people in Bostock Green?
In the city of Bostock Green, 22% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Bostock Green is £44,400. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
What is the asking price on average of houses for sale in Bostock Green?
On average, in Bostock Green, the asking price for a house for sale in the area is £236,472.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Bostock Green. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
Table showing the asking prices for houses for sale in Bostock Green
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£162,982|
|Average asking price (3 bed)||£223,827|
|Average asking price (4 bed)||£344,238|
|Average asking price (5 bed)||no relevant data for this city|
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Bostock Green has a lack of supply of housing in certain categories.
In Bostock Green, what do houses for sale tend to sell for?
As well as looking at the asking price for house for sale in Bostock Green, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Bostock Green.
Houses for sale, are sold on average in Bostock Green, after the influence of these factors, at £198,995 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 5% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£248,773|
|Aerage sold price (semi-detached)||£161,238|
|Aerage sold price (terraced)||£131,490|
|Aerage sold price (flat)||£111,617|
This table above shows the average sale price for each variation of houses for sale in Bostock Green.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,030|
|Aerage sold price/sqft (new build)||£2,090|
|Aerage sold price/sqft (old stock)||£1,950|
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Bostock Green is £2,030.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Advice from experts on properties for sale in Bostock Green
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
A house for sale appropriate to your needs
Many criteria impact the price of houses for sale in Bostock Green.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.