As a landlord, whenever you are looking at houses for sale in Surrey, you could find varying prices throughout an area like Blindley Heath. 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 Blindley Heath 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 Blindley Heath will be revealed. Keep reading.
What is the asking price on average of houses for sale in Blindley Heath?
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 Blindley Heath 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 £640,637.
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 Blindley Heath.
Average price of houses for sale in Blindley Heath
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||no relevant data for this city|
|Average asking price (3 bed)||£592,497|
|Average asking price (4 bed)||£831,071|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Blindley Heath, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more wholistic understanding.
Are there any important statistics about the population of Blindley Heath?
How much green space is available to residents of Blindley Heath?
Whether you view green space in Blindley Heath 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 Blindley Heath, the number of acres of green space for every 1000 people currently is 25.9 which can be measured against the UK average of 1.7.
Is the city of Blindley Heath deprived?
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 Blindley Heath, in particular, the deprivation levels are 18%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
In Blindley Heath, how educated are people in general?
In Blindley Heath, the proportion of people who have a degree is 32%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Blindley Heath is £53,500.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
How much do people in Blindley Heath 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.
£53,500 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 31% for Blindley Heath.
What is the social grade score of Blindley Heath?
In the city of Blindley Heath, the social grade score of the area is 31%. 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 Blindley Heath.
|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|
What’s the crime rate in Blindley Heath?
The crime rate of Blindley Heath must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 93, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (93) is both useful and is recommended to be compared to the average.
In the city of Blindley Heath, has the population grown or shrunk?
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 Blindley Heath is 8,579.
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 Blindley Heath.
In Blindley Heath, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 3%. 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 Blindley Heath 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 (3%) 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.
Blindley Heath population difference over 10 years?
The population has adjusted in the area of Blindley Heath 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 Blindley Heath.
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.
In the city of Blindley Heath, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Surrey for example.
These demographics for Blindley Heath may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Blindley Heath in South East.
In Blindley Heath, what are the rental yields?
Are there new houses being built in Blindley Heath to make it grow?
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 Blindley Heath at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Blindley Heath growth rate||16%||18%||28%|
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 Blindley Heath 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 Blindley Heath.
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 Blindley Heath, 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 Surrey, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Blindley Heath||no relevant data for this city||no relevant data for this city||no relevant data for this city||9.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Blindley Heath you might be interested in the number of sales per month (4) that happen in the local housing market. Comparing this figure for Blindley Heath with the above table gives you a good understanding of the profitability of the area.
In general, what do houses for sale sell for in Blindley Heath?
For the city of Blindley Heath, the average price a house sells for is £472,867. This value usually depends on the exact location of the house within Blindley Heath as well as other factors like the population growth in Blindley Heath which is 7% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£658,744|
|Aerage sold price (semi-detached)||£428,585|
|Aerage sold price (terraced)||£353,610|
|Aerage sold price (flat)||£222,689|
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 Blindley Heath.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£4,100|
|Aerage sold price/sqft (new build)||£3,830|
|Aerage sold price/sqft (old stock)||£4,090|
Generalising the bottom table, the average value per square foot of a house for sale is £4,100. This value averages all of the types of houses for sale in Blindley Heath. 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 Blindley Heath.
Get professional help on the houses for sale in Blindley Heath
A house for sale that is right for you
Many criteria impact the price of houses for sale in Blindley Heath.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
Thinking about other cities with houses for sale?
You can assess the various houses for sale offered in the area by consulting this list of cities in South East, the same UK region as Blindley Heath:
- Four-Throws in South East
- Ancton in South East
- Bowlhead-Green in South East
- Blindley-Heath in South East
- Fareham in South East
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city