Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Bidborough, Kent.
From the average asking price of houses for sale in Bidborough to the growth of the population in the area, all will be talked about regarding the city of Bidborough. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In Bidborough, what do houses for sale tend to sell for?
In Bidborough, the average sale price of a house for sale is in fact £398,800. This is dependent on the 10 year population growth of Bidborough being 4%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bidborough.
|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 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 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|
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 £4,560. This means if you are just looking out the houses sold in Bidborough in general and didn’t take into consideration the type of build. For example, a new build.
In Bidborough, what is the asking price in general for a house for sale?
On average, in Bidborough, the asking price for a house for sale in the area is £462,960.
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 Bidborough. 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.
The average asking price for the houses for sale in the city of 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|
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 (£4,850) for houses for sale with this table to get a good idea as to whether Bidborough is the right area to buy a house in for you.
How are rental yields of the houses for sale different to the rest of the UK in Bidborough?
Is the housing market in Bidborough growing?
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 Bidborough that shows the growth in recent years.
|1 year||3 years||5 years|
|Bidborough growth rate||-6%||3%||8%|
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 Bidborough 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 Bidborough, 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 Kent, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Assuming that in the future you want to re-sell the house you will eventually purchased in Bidborough you might be interested in the number of sales per month (27) that happen in the local housing market. Comparing this figure for Bidborough with the above table gives you a good understanding of the profitability of the area.
What kind of demographics does the city of Bidborough have?
What is the social grade score of Bidborough?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Bidborough, the percentage of people in the two highest categories, A and B is 32%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £54,300. This income will generally get bigger as the percentage of people in the A and B categories go up too (32%).
What salary does the community in Bidborough take home?
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.
In the city of Bidborough, is there a lot of 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 Bidborough, 6.8 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 Bidborough.
The city of Bidborough, situated in Kent, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Bidborough 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 Bidborough. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Are the people of Bidborough deprived?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Bidborough is 18% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
In the city of Bidborough, has the population grown or shrunk?
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.
For the city of Bidborough, what is the education level?
In the city of Bidborough, 35% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Bidborough is £54,300.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Is the crime rate bad in the city of 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.