Bexhill 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 Bexhill.
On top of this, keep reading for detailed information on the demographics of Bexhill in East Sussex. 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 kind of demographics does the city of Bexhill have?
How much green space is available to residents of Bexhill?
Whether you view green space in Bexhill 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 Bexhill, the number of acres of green space for every 1000 people currently is 6.2 which can be measured against the UK average of 1.7.
How educated are the people in Bexhill?
In the city of Bexhill, 21% 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 Bexhill is £31,100. 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’s crime like in Bexhill?
For the city of Bexhill, crime rate is at 101. So for every 1000 people in the area, 101 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.
The city of Bexhill, situated in East Sussex, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Bexhill 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 Bexhill. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Have the people of Bexhill grown in numbers?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Bexhill is 17,370.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Bexhill.
In Bexhill, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 4%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Bexhill is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (4%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Bexhill population difference over 10 years?
The population has adjusted in the area of Bexhill by 7% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Bexhill.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
Are the deprivation levels of the UK any different to Bexhill?
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 Bexhill, in particular, the deprivation levels are 30%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
How much do people in Bexhill earn?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£31,100 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 16% for Bexhill.
What’s a social grade score and how does it relate to Bexhill?
In the city of Bexhill, the social grade score of the area is 16%. 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 Bexhill.
|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 general, what do houses for sale sell for in Bexhill?
For the city of Bexhill, the average price a house sells for is £236,935. This value usually depends on the exact location of the house within Bexhill as well as other factors like the population growth in Bexhill which is 7% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£328,588|
|Aerage sold price (semi-detached)||£269,889|
|Aerage sold price (terraced)||£247,364|
|Aerage sold price (flat)||£161,198|
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 Bexhill.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,810|
|Aerage sold price/sqft (new build)||£3,070|
|Aerage sold price/sqft (old stock)||£2,650|
Generalising the bottom table, the average value per square foot of a house for sale is £2,810. This value averages all of the types of houses for sale in Bexhill. 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 Bexhill.
Always consider average rental yield when searching for houses for sale in Bexhill
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 Bexhill this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (South East) alongside East Sussex 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 Bexhill.
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)|
|Bexhill||3.9%||£979||no relevant data for this city||18.0%|
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 Bexhill.
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 (26) will be useful.
Are there more or fewer houses being built in Bexhill?
The growth of an area like Bexhill can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
|1 year||3 years||5 years|
|Bexhill growth rate||2%||18%||27%|
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Bexhill if you want to find out the exact reasons for the housing change.
Asking price in Bexhill for a house for sale
Average asking prices for houses for sale in Bexhill
|Average asking price (1 bed)||£168,970|
|Average asking price (2 bed)||£274,727|
|Average asking price (3 bed)||£361,777|
|Average asking price (4 bed)||£476,678|
|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 Bexhill is the right area to buy a house in for you.
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 Bexhill is £302,647.
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 Bexhill is useful when negotiating and knowing what to expect for every type of house for sale.