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How much will you pay for a house for sale in Borough Green?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South East $ How much will you pay for a house for sale in Borough Green?

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

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

In Borough Green, what is the asking price in general for a house for sale?

Average asking prices for houses for sale in Borough Green

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £405,200
Average asking price (3 bed) £553,151
Average asking price (4 bed) £882,211
Average asking price (5 bed) £1,157,727

After looking at this table about prices of houses for sale in Borough Green, 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 £4,530 will help them to have a more wholistic understanding.

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 Borough Green 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 £700,251.

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 Borough Green.

In Borough Green, what are the demographics like?

What’s a social grade score and how does it relate to Borough Green?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.

The number of people in Borough Green in grades A or B which are the highest skilled roles in the country is 32%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £53,900 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 32%.

Is the education level of Borough Green important when buying a house?

In the city of Borough Green, 33% 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 Borough Green is £53,900.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

The city of Borough Green, 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 Borough Green 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 Borough Green. So, taking a good look at the data is essential to understand the area you are considering to buy in.

How much green space is available to residents of Borough Green?

In the city of Borough Green, there are 111.0 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Borough Green is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

Are the deprivation levels of the UK any different to Borough Green?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Borough Green is 17%.

How much do people in Borough Green earn?

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 (32%). 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 Borough Green, this works out to be £53,900. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

What’s crime like in Borough Green?

For the city of Borough Green, crime rate is at 76. So for every 1000 people in the area, 76 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.

In the city of Borough Green, has the population grown or shrunk?

The city of Borough Green has a total population of 24,472. 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 Borough Green 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 Borough Green

Over time, in the last five years, the population of the city of Borough Green has changed by 4%. 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 4% 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 Borough Green?

In the last 10 years, there has been a shift in the population of 8%.

Comparing this to the 5 year figure of Borough Green 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 general, what do houses for sale sell for in Borough Green?

For the city of Borough Green, the average price a house sells for is £480,609. This value usually depends on the exact location of the house within Borough Green as well as other factors like the population growth in Borough Green which is 8% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £715,461
Aerage sold price (semi-detached) £409,336
Aerage sold price (terraced) £340,560
Aerage sold price (flat) £216,489

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 Borough Green.

Housing category Sale price per square foot
Aerage sold price/sqft £4,210
Aerage sold price/sqft (new build) £4,060
Aerage sold price/sqft (old stock) £4,130

Generalising the bottom table, the average value per square foot of a house for sale is £4,370. This value averages all of the types of houses for sale in Borough Green. 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 Borough Green.

Always consider average rental yield when searching for houses for sale in Borough Green

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Borough Green this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (South East) alongside Kent then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Borough Green.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Borough Green 3.2% £1,845 no relevant data for this city 10.0%
Kent 3.63% £1,229 130.16% 16.77%
South East 3.58% £1,301 127.50% 16.69%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Borough Green.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (16) will be useful.

Are there more or fewer houses being built in Borough Green?

Whenever you are thinking about looking for houses for sale in Borough Green, 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
Borough Green growth rate 2% 13% 14%

As the population of Borough Green 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.

Invest in houses for sale in Borough Green with the right professional advice

Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.

Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.

Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:

  • Lender – This practitioner can lend you money to finalise a house purchase
  • Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
  • Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
  • Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
  • Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
  • Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase

Are you considering other cities with houses for sale?

Examine this short list of cities belonging to South East, the same region where Borough Green is located.

If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.

Invest in a house for sale that meets your demands

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Borough Green

  • affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)

  • Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.

  • Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.

  • Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.

  • EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.

  • Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase

  • Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?

  • Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.

  • Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

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