As a landlord, whenever you are looking at houses for sale in Surrey, you could find varying prices throughout an area like Badshot Lea. 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 Badshot Lea 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 Badshot Lea will be revealed. Keep reading.
In general, what do houses for sale sell for in Badshot Lea?
In Badshot Lea, the average sale price of a house for sale is in fact £455,948. This is dependent on the 10 year population growth of Badshot Lea being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Badshot Lea.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £643,371 |
| Aerage sold price (semi-detached) | £421,529 |
| Aerage sold price (terraced) | £337,717 |
| Aerage sold price (flat) | £258,935 |
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Badshot Lea.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £4,380 |
| Aerage sold price/sqft (new build) | £4,460 |
| Aerage sold price/sqft (old stock) | £4,300 |
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £4,380. This means if you are just looking out the houses sold in Badshot Lea in general and didn’t take into consideration the type of build. For example, a new build.
Get professional help on the houses for sale in Badshot Lea
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
Asking price in Badshot Lea for a house for sale
Table showing the asking prices for houses for sale in Badshot Lea
| Average asking price (1 bed) | £245,905 |
| Average asking price (2 bed) | £367,756 |
| Average asking price (3 bed) | £522,970 |
| Average asking price (4 bed) | £730,050 |
| Average asking price (5 bed) | £1,275,000 |
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Badshot Lea 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 £0 should also give you an overview of what the asking price for houses for sale are in general.
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Badshot Lea determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £496,374.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Badshot Lea.
What’s the rental yield in general for the city of Badshot Lea?
Are there new houses being built in Badshot Lea to make it grow?
Before committing to Badshot Lea to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Badshot Lea growth rate | 6% | 25% | 20% |
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Badshot Lea is building housing to find your answer.
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 Badshot Lea, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; South East. As well as Surrey, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Badshot Lea | 3.3% | £1,362 | 68% | 22.0% |
| Surrey | 3.38% | £1,657 | 117.61% | 16.05% |
| South East | 3.58% | £1,301 | 127.50% | 16.69% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Badshot Lea you might be interested in the number of sales per month (32) that happen in the local housing market. Comparing this figure for Badshot Lea with the above table gives you a good understanding of the profitability of the area.
houses for sale in other cities in the UK
Below are a list of towns with a similar location to Badshot Lea.
Reading these analysis will help you evaluate the different houses for sale currently listed in South East:
- Banbury in South East
- Charvil in South East
- Easton in South East
- Ashe in South East
- Deepcut in South East
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
What are the people like in Badshot Lea?
How deprived is the population of Badshot Lea?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Badshot Lea, currently, 15% 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 population of Badshot Lea?
Population growth in Badshot Lea is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Badshot Lea, 29,784 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Badshot Lea in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Badshot Lea, this change has been 2%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 2%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Badshot Lea?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 5% in Badshot Lea.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
In the city of Badshot Lea, is there a lot of green space?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Badshot Lea currently has 22.9 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Badshot Lea in this case.
How much do people in Badshot Lea 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 (38%). 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 Badshot Lea, this works out to be £56,500. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
The city of Badshot Lea, situated in Surrey, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Badshot Lea and its demographics will be compared to its wider location (South East). 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 Badshot Lea. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In Badshot Lea, how educated are people in general?
Interestingly, the percentage of people who have a degree in the city of Badshot Lea is 38%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Badshot Lea is £56,500.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
What’s a social grade score and how does it relate to Badshot Lea?
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 Badshot Lea 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 Badshot Lea, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 38%.
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 |
In Badshot Lea, what is the crime rate?
In Badshot Lea, for every 1000 people, there is currently a crime rate of 71. 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 (71 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.
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 Badshot Lea.
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Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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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.
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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.
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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.
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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.
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Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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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
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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.
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