As a landlord, whenever you are looking at houses for sale in West Sussex, you could find varying prices throughout an area like Broadbridge 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 Broadbridge 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 Broadbridge Heath will be revealed. Keep reading.
How are rental yields of the houses for sale different to the rest of the UK in Broadbridge Heath?
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Broadbridge Heath.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (West Sussex) as well as the broader region; South East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Also, you can compare other data to the table above such as the number of houses sold per month in Broadbridge Heath which is 41 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Broadbridge Heath is to invest in. Both in terms of rental yield and capital appreciation.
In Broadbridge Heath, how has the number of houses changed?
Whenever you are thinking about looking for houses for sale in Broadbridge Heath, 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|
|Broadbridge Heath growth rate||-1%||15%||9%|
As the population of Broadbridge Heath 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.
In Broadbridge Heath, what are the demographics like?
What does the population of Broadbridge Heath look like?
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 Broadbridge Heath is 43,862.
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 Broadbridge Heath.
In Broadbridge Heath, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 7%. 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 Broadbridge 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 (7%) 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.
Broadbridge Heath population difference over 10 years?
The population has adjusted in the area of Broadbridge Heath by 11% 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 Broadbridge 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.
Located in West Sussex is the city of Broadbridge Heath, 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 Broadbridge Heath 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 Broadbridge Heath 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.
What salary does the community in Broadbridge Heath 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 (31%). 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 Broadbridge Heath, this works out to be £54,700. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
In Broadbridge Heath, what is the crime rate?
The crime rate of Broadbridge 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 84, 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 (84) is both useful and is recommended to be compared to the average.
In Broadbridge Heath, 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 Broadbridge Heath 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 Broadbridge Heath, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 31%.
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|
What is the education level like in Broadbridge Heath?
In Broadbridge 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 Broadbridge Heath is £54,700.
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.
Do the people of Broadbridge Heath get to enjoy green space?
Whether you view green space in Broadbridge 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 Broadbridge Heath, the number of acres of green space for every 1000 people currently is 9.5 which can be measured against the UK average of 1.7.
Are the deprivation levels of the UK any different to Broadbridge Heath?
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 Broadbridge Heath, in particular, the deprivation levels are 16%.
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 general, what do houses for sale sell for in Broadbridge Heath?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Broadbridge Heath. In Broadbridge Heath, this sale price works out to be £378,897. As an example, a factor like population growth over the last 10 years which works out to be 11% in Broadbridge Heath and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£568,433|
|Average sold price (semi-detached)||£398,000|
|Average sold price (terraced)||£337,519|
|Average sold price (flat)||£238,594|
Above, the exact type of house is also shown to vary in price in a table in Broadbridge Heath. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£4,070|
|Average sold price/sqft (new build)||£3,990|
|Average sold price/sqft (old stock)||£4,020|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Broadbridge Heath which is £4,250. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
What are the asking prices for the houses for sale in the city of Broadbridge Heath?
The average asking price for the houses for sale in the city of Broadbridge Heath
|Average asking price (1 bed)||£215,086|
|Average asking price (2 bed)||£334,382|
|Average asking price (3 bed)||£477,109|
|Average asking price (4 bed)||£649,954|
|Average asking price (5 bed)||£935,313|
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £4,430. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Broadbridge Heath has a lack of supply of housing in certain categories.
When speaking about the city of Broadbridge Heath, £432,000 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Broadbridge Heath.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
Professional advice for houses for sale in Broadbridge Heath
houses for sale in other cities in the UK
See here below a list of cities in the same UK region of Broadbridge Heath which is South East. You might want to consider these as alternatives for your next real estate investment:
- Bagshot in South East
- Chineham in South East
- Guildford-Park in South East
- Icklesham in South East
- Basingstoke in South East
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
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
A house for sale that is right for you
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Broadbridge Heath.
Affordability – check this article from the UK government to find out (see what house for sale you can afford)
Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.