As a landlord, whenever you are looking at houses for sale in Kent, you could find varying prices throughout an area like Bidborough. 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 Bidborough 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 Bidborough will be revealed. Keep reading.
What kind of demographics does the city of Bidborough have?
What’s the crime rate in Bidborough?
Within Bidborough, the number of people committing crimes is 75 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 75 figure carefully.
What does the population of Bidborough look like?
The city of Bidborough has a total population of 31,173. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Bidborough is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Bidborough
Over time, in the last five years, the population of the city of Bidborough has changed by 2%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 2% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Bidborough?
In the last 10 years, there has been a shift in the population of 4%.
Comparing this to the 5 year figure of Bidborough can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
Are the people of Bidborough deprived?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 18% for Bidborough should give you a nice idea of the deprivation in the area.
What is a social grade score and how does this relate to Bidborough?
In the city of Bidborough and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Bidborough has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 32%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
| 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 |
Located in Kent is the city of Bidborough, in a large part of the UK; South East. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Bidborough has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Bidborough which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
How much are those living in Bidborough earning?
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.
£54,300 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 32% for Bidborough.
Is there sufficient green space in Bidborough?
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 Bidborough currently has 6.8 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 Bidborough in this case.
In Bidborough, how educated are people in general?
In the city of Bidborough, 35% 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 Bidborough is £54,300. 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.
Who can help you buy a house for sale in Bidborough?
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
Asking price in Bidborough for a house for sale
Table showing the asking prices for houses for sale in Bidborough
| Average asking price (1 bed) | £217,134 |
| Average asking price (2 bed) | £353,499 |
| Average asking price (3 bed) | £484,454 |
| Average asking price (4 bed) | £772,855 |
| Average asking price (5 bed) | £1,179,231 |
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Bidborough is £4,850. This should show you the general prices overall and for individual types of houses too.
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 Bidborough is £462,960.
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 Bidborough is useful when negotiating and knowing what to expect for every type of house for sale.
In Bidborough, what do houses for sale tend to sell for?
For the city of Bidborough, the average price a house sells for is £398,800. This value usually depends on the exact location of the house within Bidborough as well as other factors like the population growth which is 4% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £750,577 |
| Aerage sold price (semi-detached) | £417,362 |
| Aerage sold price (terraced) | £333,251 |
| Aerage sold price (flat) | £267,739 |
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 Bidborough.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £4,260 |
| Aerage sold price/sqft (new build) | £5,000 |
| Aerage sold price/sqft (old stock) | £4,140 |
Generalising the bottom table, the average value per square foot of a house for sale is £4,560. This value averages all of the types of houses for sale in Bidborough. 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 Bidborough.
A house for sale appropriate to your needs
What parameters impact the final price of a house for sale in Bidborough?
Here below is our list with the most important ones:
-
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
-
House Location – the actual location of a house for sale drastically changes the final price of a property
-
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
-
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
-
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
-
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
-
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
-
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
-
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
Why you should consider the average rental yield when searching for houses for sale in Bidborough
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Bidborough. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Bidborough.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Kent), a regional level (South East) and finally on the level of the city talked about in this article, Bidborough.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bidborough | 3.5% | £1,358 | 132% | 18.0% |
| Kent | 3.63% | £1,229 | 130.16% | 16.77% |
| South East | 3.58% | £1,301 | 127.50% | 16.69% |
You may also find it useful to compare the data above to the number of properties sold per month Bidborough experiences. This figure for house sales per month is 27. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
Are there new houses being built in Bidborough to make it grow?
Whenever you are thinking about looking for houses for sale in Bidborough, 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 | |
|---|---|---|---|
| Bidborough growth rate | -6% | 3% | 8% |
As the population of Bidborough 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.
houses for sale in other cities in the UK
Below are a list of towns with a similar location to Bidborough.
Reading these analysis will help you evaluate the different houses for sale currently listed in South East:
- Aldershot in South East
- Cold-Ash in South East
- Aldermaston-Soke in South East
- Chiltington in South East
- Baughurst 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.
Recent Comments