Whenever looking for a house for sale in the UK or in Bodle Street Green, 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 Bodle Street Green.
In this article, we will be looking at the city of Bodle Street Green in detail so you know how to navigate the area and have a better understanding on where to invest.
In general, for the city of Bodle Street Green, what are the final purchase prices for the houses for sale?
In Bodle Street Green, the average sale price of a house for sale is in fact £290,577. This is dependent on the 10 year population growth of Bodle Street Green being 10%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bodle Street Green.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£377,058|
|Aerage sold price (semi-detached)||£267,449|
|Aerage sold price (terraced)||£231,811|
|Aerage sold price (flat)||£163,106|
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 Bodle Street Green.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,090|
|Aerage sold price/sqft (new build)||£3,030|
|Aerage sold price/sqft (old stock)||£3,040|
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 £3,090. This means if you are just looking out the houses sold in Bodle Street Green in general and didn’t take into consideration the type of build. For example, a new build.
Asking price in Bodle Street Green for a house for sale
Average price of houses for sale in Bodle Street Green
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£288,705|
|Average asking price (3 bed)||£375,809|
|Average asking price (4 bed)||£515,719|
|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 Bodle Street Green 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 Bodle Street Green is £397,628.
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 Bodle Street Green is useful when negotiating and knowing what to expect for every type of house for sale.
Always consider average rental yield when searching for houses for sale in Bodle Street Green
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 Bodle Street Green, 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 East Sussex, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Bodle Street Green||3.9%||£1,293||no relevant data for this city||21.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Bodle Street Green you might be interested in the number of sales per month (31) that happen in the local housing market. Comparing this figure for Bodle Street Green with the above table gives you a good understanding of the profitability of the area.
Is the housing market in Bodle Street Green growing?
Before committing to Bodle Street Green to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|1 year||3 years||5 years|
|Bodle Street Green growth rate||4%||13%||16%|
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Bodle Street Green is building housing to find your answer.
What are the demographics like in the city of Bodle Street Green?
What is the population of Bodle Street Green?
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 Bodle Street Green is 27,198.
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 Bodle Street Green.
In Bodle Street Green, 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 Bodle Street Green 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.
Bodle Street Green population difference over 10 years?
The population has adjusted in the area of Bodle Street Green by 10% 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 Bodle Street Green.
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.
Bodle Street Green in the county of East Sussex is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Bodle Street Green is located in; South East.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Bodle Street Green, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
How much green space is available to residents of Bodle Street Green?
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 Bodle Street Green currently has 10.4 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 Bodle Street Green in this case.
In Bodle Street Green, what is the crime rate?
The crime rate of Bodle Street Green 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 79, 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 (79) is both useful and is recommended to be compared to the average.
Are the deprivation levels of the UK any different to Bodle Street Green?
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 24% for Bodle Street Green should give you a nice idea of the deprivation in the area.
How much do people in Bodle Street Green earn?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £39,000.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Bodle Street Green this figure is 19%.
What’s a social grade score and how does it relate to Bodle Street Green?
In the city of Bodle Street Green 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 Bodle Street Green has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 19%.
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|
What is the education level like in Bodle Street Green?
The number of people as a percentage who have been through university and gained a degree is 21%. The ability to buy a home is greatly influenced by the number of people who have degrees. £39,000 is the amount people in Bodle Street Green are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Bodle Street Green, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.