How much does a house for sale cost in Bishopstone?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South East $ How much does a house for sale cost in Bishopstone?

Whenever looking for a house for sale in the UK or in Bishopstone, it is vital you look at the market trends and house price fluctuations in the wider area of East Sussex 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 Bishopstone.

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

What are the asking prices for the houses for sale in the city of Bishopstone?

In the city of Bishopstone, what is the average asking price for the houses for sale?

Average asking price (1 bed) £191,495
Average asking price (2 bed) £335,496
Average asking price (3 bed) £461,236
Average asking price (4 bed) £614,359
Average asking price (5 bed) no relevant data for this city

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Bishopstone 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 £4,030 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 Bishopstone 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 £459,092.

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 Bishopstone.

Are there any important statistics about the population of Bishopstone?

Is there sufficient green space in Bishopstone?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Bishopstone, the city has 46.3 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Bishopstone.

Have the people of Bishopstone grown in numbers?

The city of Bishopstone has a total population of 23,654. 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 Bishopstone 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 Bishopstone

Over time, in the last five years, the population of the city of Bishopstone has changed by 3%. 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 3% 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 Bishopstone?

In the last 10 years, there has been a shift in the population of 7%.

Comparing this to the 5 year figure of Bishopstone 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.

In Bishopstone, what is the social grade score?

In the city of Bishopstone 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 Bishopstone has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 23%.

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

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

Interestingly, the percentage of people who have a degree in the city of Bishopstone is 26%. 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 Bishopstone is £41,000.

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 the crime rate in Bishopstone?

For the city of Bishopstone, crime rate is at 56. So for every 1000 people in the area, 56 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.

How deprived is the population of Bishopstone?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bishopstone, currently, 23% 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 salary does the community in Bishopstone take home?

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 (23%). 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 Bishopstone, this works out to be £41,000. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

Located in East Sussex is the city of Bishopstone, 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 Bishopstone 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 Bishopstone 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.

In general, what do houses for sale sell for in Bishopstone?

As well as looking at the asking price for house for sale in Bishopstone, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Bishopstone.

Houses for sale, are sold on average in Bishopstone, after the influence of these factors, at £343,146 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 7% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £427,601
Aerage sold price (semi-detached) £315,202
Aerage sold price (terraced) £287,504
Aerage sold price (flat) £191,587

This table above shows the average sale price for each variation of houses for sale in Bishopstone.

Housing category Sale price per square foot
Aerage sold price/sqft £3,570
Aerage sold price/sqft (new build) £4,870
Aerage sold price/sqft (old stock) £3,460

This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Bishopstone is £3,800.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

What’s the rental yield in general for the city of Bishopstone?

What is the growth in the housing market of Bishopstone?

Whenever you are thinking about looking for houses for sale in Bishopstone, 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
Bishopstone growth rate 1% 16% 19%

As the population of Bishopstone 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.

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 Bishopstone. 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 Bishopstone.

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 (East Sussex), a regional level (South East) and finally on the level of the city talked about in this article, Bishopstone.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Bishopstone 3.0% £1,134 no relevant data for this city 13.0%
East Sussex 3.51% £1,258 139.11% 13.90%
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 Bishopstone experiences. This figure for house sales per month is 20. 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.