Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Broadbridge Heath, West Sussex.
From the average asking price of houses for sale in Broadbridge Heath, to the growth of the population in the area, all will be talked about regarding the city of Broadbridge Heath. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
House for sale in the same UK region
Examine this short list of cities belonging to South East, the same region where Broadbridge Heath is located.
- Bagshot in South East
- Chineham in South East
- Basingstoke in South East
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.
What are the demographics like in the city of Broadbridge Heath?
For the city of Broadbridge Heath, what is the education level?
In the city of Broadbridge Heath, 32% 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 Broadbridge Heath is £54,700.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
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.
How much are those living in Broadbridge Heath 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.
£54,700 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 Broadbridge Heath.
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 is the social grade score of Broadbridge Heath?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Broadbridge Heath, the percentage of people in the two highest categories, A and B is 31%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £54,700. This income will generally get bigger as the percentage of people in the A and B categories go up too (31%).
What’s crime like in Broadbridge Heath?
Within Broadbridge Heath, the number of people committing crimes is 84 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 84 figure carefully.
Are the deprivation levels of the UK any different to Broadbridge Heath?
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 Broadbridge Heath is 16%.
Have the people of Broadbridge Heath grown in numbers?
The city of Broadbridge Heath has a total population of 43,862. 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 Broadbridge Heath 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 Broadbridge Heath
Over time, in the last five years, the population of the city of Broadbridge Heath has changed by 7%. 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 7% 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 Broadbridge Heath?
In the last 10 years, there has been a shift in the population of 11%.
Comparing this to the 5 year figure of Broadbridge Heath 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, for the city of Broadbridge Heath, what are the final purchase prices for the houses for sale?
In Broadbridge Heath, the average sale price of a house for sale is in fact £378,897. This is dependent on the 10 year population growth of Broadbridge Heath being 11%. Growing populations are more likely to inflate the prices of houses for sale in the city of Broadbridge Heath.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £568,433 |
| Aerage sold price (semi-detached) | £398,000 |
| Aerage sold price (terraced) | £337,519 |
| Aerage sold price (flat) | £238,594 |
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 Broadbridge Heath.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £4,070 |
| Aerage sold price/sqft (new build) | £3,990 |
| Aerage sold price/sqft (old stock) | £4,020 |
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 £4,250. This means if you are just looking out the houses sold in Broadbridge Heath in general and didn’t take into consideration the type of build. For example, a new build.
Professional advice for houses for sale in Broadbridge Heath
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
What’s the rental yield in general for the city of Broadbridge Heath?
Are there new houses being built in Broadbridge Heath to make it grow?
The growth of an area like Broadbridge Heath 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 | |
|---|---|---|---|
| Broadbridge Heath growth rate | -1% | 15% | 9% |
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 Broadbridge Heath if you want to find out the exact reasons for the housing change.
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Broadbridge Heath. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Broadbridge Heath.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (West Sussex), a regional level (South East) and finally on the level of the city talked about in this article, Broadbridge Heath.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Broadbridge Heath | 3.6% | £1,282 | 140% | 20.0% |
| West Sussex | 3.49% | £1,280 | 132.83% | 17.69% |
| South East | 3.58% | £1,301 | 127.50% | 16.69% |
You may also find it useful to compare the data above to the number of properties sold per month Broadbridge Heath experiences. This figure for house sales per month is 41. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
What is the asking price on average of houses for sale in Broadbridge Heath?
On average, in Broadbridge Heath, the asking price for a house for sale in the area is £432,000.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Broadbridge Heath. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
Average price of houses for sale in 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 |
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Broadbridge Heath 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 £4,430 should also give you an overview of what the asking price for houses for sale are in general.
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.
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