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All you need to know – houses for sale in Borough Green

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South East $ All you need to know – houses for sale in Borough Green

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Borough Green can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Borough Green.

On top of this, keep reading for detailed information on the demographics of Borough Green in Kent. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.

What is the asking price on average of houses for sale in Borough Green?

Average prices for the 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

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Borough Green 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 £4,530 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 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.

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 £0 £1,845 no relevant data for this city £0
Kent 3.63% £1,229.08 130.16% 16.77%
South East 0.04 1,300.68 £1 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.

What is the growth in the housing market of Borough Green?

The growth of an area like Borough Green can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.

Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.

1 year 3 years 5 years
Borough Green growth rate 2% 13% 14%

Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.

Make sure you do your own research specific to the city of Borough Green if you want to find out the exact reasons for the housing change.

In general, what do houses for sale sell for in Borough Green?

As well as looking at the asking price for house for sale in Borough Green, 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 Borough Green.

Houses for sale, are sold on average in Borough Green, after the influence of these factors, at £480,609 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 8% over the last 10 years.

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

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

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 Borough Green is £4,370.

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

In Borough Green, what are the demographics like?

In Borough Green, how educated are people in general?

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 £53,900.00.

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

In the city of Borough Green, how much green space remains for residents?

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 Borough Green, 111 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 Borough Green.

What does the population of Borough Green look like?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Borough Green if 24472 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Borough Green such as rental yield or house appreciation.

How has the population size of Borough Green adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Borough Green by 4%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 4% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Borough Green?

In the last decade, the population of Borough Green has been adjusted by 8%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

In general, do people commit a lot of crime in Borough Green?

For every one thousand people living in Borough Green, 7600% commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 7600% is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

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.

In Borough Green, what is the social grade score?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Borough Green compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Borough Green, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 32%.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

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

How much are those living in Borough Green earning?

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.

£53,900.00 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 Borough Green.

Is the city of Borough Green deprived?

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 £0 for Borough Green should give you a nice idea of the deprivation in the area.

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

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

  • Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
  • Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
  • Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
  • Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
  • Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
  • Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

House for sale in a different UK region

If you are looking for similar places to buy a house that are just like Borough Green, examine this short list of cities below from outside of the region of South East for some inspiration.

If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.

Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.

Choose the right house for sale that suits your needs

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.

Frequently Asked Questions (FAQ)

Is it possible to renovate a property in Borough Green?

Properties in the city of Borough Green may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 28 approvals every month with an approval of nan based on a population of 24472. Compare other places in the UK to make this figure make more sense.

In Borough Green, how many property sales per month are there?

Borough Green boasts a monthly total of 16 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link

How does the population in a city like Borough Green change annually?

For a comprehensive analysis of Borough Green’s population trends, observe the population fluctuation over a decade, indicated by 8%, and the five-year alteration represented by 4%. Perhaps also look at data from another nearby city too so you can see a comparison.

prices for houses on sale in the broader vicinity of Borough Green?

The average asking price of a house in Borough Green is currently £4,530 based on the average price per square foot.

Is investing in a house for sale in Borough Green a financially demanding choice?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Borough Green, this figure stands at £480,609, while the UK average is £286,500.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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