Begbroke – What to look for in houses for sale?

by | Nov 15, 2022

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Whenever looking for a house for sale in the UK or in Begbroke, it is vital you look at the market trends and house price fluctuations in the wider area of Oxfordshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Begbroke.

In this article, we will be looking at the city of Begbroke in detail so you know how to navigate the area and have a better understanding on where to invest.

In Begbroke, what do houses for sale tend to sell for?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Begbroke. In Begbroke, this sale price works out to be £373,768. As an example, a factor like population growth over the last 10 years which works out to be 7% in Begbroke and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £511,126
Average sold price (semi-detached) £360,402
Average sold price (terraced) £302,513
Average sold price (flat) £204,428

Above, the exact type of house is also shown to vary in price in a table in Begbroke. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.

Housing category Sale price per square foot
Average sold price/sqft £3,840
Average sold price/sqft (new build) £3,560
Average sold price/sqft (old stock) £3,880

In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Begbroke which is £3,840. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.

In Begbroke, what is the asking price in general for a house for sale?

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

Average asking price (1 bed) £234,000
Average asking price (2 bed) £329,125
Average asking price (3 bed) £434,961
Average asking price (4 bed) £600,926
Average asking price (5 bed) no relevant data for this city

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Begbroke is £0. This should show you the general prices overall and for individual types of houses too.

When investors make offers for houses for sale in Begbroke, the average price asked by the homeowners works out to be £445,743.

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 Begbroke 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.

What are the demographics like in the city of Begbroke?

What does the population of Begbroke look like?

Population growth in Begbroke 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 Begbroke, 23,256 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 Begbroke 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 Begbroke, this change has been 4%. 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 4%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Begbroke?

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 7% in Begbroke.

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.

What’s crime like in Begbroke?

For the city of Begbroke, crime rate is at 63. So for every 1000 people in the area, 63 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

What is a social grade score and how does this relate to Begbroke?

In the city of Begbroke, the social grade score of the area is 29%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Begbroke.

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 green space is available to residents of Begbroke?

Whether you view green space in Begbroke 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 Begbroke, the number of acres of green space for every 1000 people currently is 16.0 which can be measured against the UK average of 1.7.

Begbroke in the county of Oxfordshire is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Begbroke is located in; South East.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Begbroke, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

Are the people in Begbroke earning a lot?

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 £54,700.

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 Begbroke this figure is 29%.

In Begbroke, what are the deprivation levels like?

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 Begbroke is 17%.

Is the education level of Begbroke important when buying a house?

Interestingly, the percentage of people who have a degree in the city of Begbroke is 32%. 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 Begbroke is £54,700.

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.

How are rental yields of the houses for sale different to the rest of the UK in Begbroke?

Is the housing market in Begbroke growing?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Begbroke at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Begbroke growth rate -2% 6% 12%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Begbroke gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Begbroke.

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Begbroke this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (South East) alongside Oxfordshire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Begbroke.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Begbroke 3.8% £1,416 92% 14.0%
Oxfordshire 3.64% £1,404 124.23% 15.46%
South East 3.58% £1,301 127.50% 16.69%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Begbroke.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (17) will be useful.