As a landlord, whenever you are looking at houses for sale in West Sussex, you could find varying prices throughout an area like Burgess Hill. 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 Burgess Hill 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 Burgess Hill will be revealed. Keep reading.
Invest in houses for sale in Burgess Hill 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
In Burgess Hill, what is the asking price in general for a house for sale?
In the city of Burgess Hill, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£325,221|
|Average asking price (3 bed)||£426,772|
|Average asking price (4 bed)||£542,900|
|Average asking price (5 bed)||no relevant data for this city|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Burgess Hill 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 £0 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 Burgess Hill 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 £418,627.
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 Burgess Hill.
In Burgess Hill, what do houses for sale tend to sell for?
As well as looking at the asking price for house for sale in Burgess Hill, 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 Burgess Hill.
Houses for sale, are sold on average in Burgess Hill, after the influence of these factors, at £360,110 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 9% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£487,145|
|Aerage sold price (semi-detached)||£356,951|
|Aerage sold price (terraced)||£295,424|
|Aerage sold price (flat)||£239,983|
This table above shows the average sale price for each variation of houses for sale in Burgess Hill.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,830|
|Aerage sold price/sqft (new build)||£3,650|
|Aerage sold price/sqft (old stock)||£3,820|
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 Burgess Hill is £3,830.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Are there any important statistics about the population of Burgess Hill?
How deprived is the population of Burgess Hill?
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 Burgess Hill is 16%.
In the city of Burgess Hill, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of West Sussex for example.
These demographics for Burgess Hill may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Burgess Hill in South East.
Is the crime rate bad in the city of Burgess Hill?
Within Burgess Hill, the number of people committing crimes is 66 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 66 figure carefully.
Are the people in Burgess Hill earning a lot?
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.
£53,300 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 27% for Burgess Hill.
What is the city of Burgess Hill’s social grade score?
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 Burgess Hill in grades A or B which are the highest skilled roles in the country is 27%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £53,300 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 27%.
In the city of Burgess Hill, how much green space remains for residents?
In the city of Burgess Hill, there are 9.6 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 Burgess Hill is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What does the population of Burgess Hill look like?
Population growth in Burgess Hill is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Burgess Hill, 31,253 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Burgess Hill in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Burgess Hill, this change has been 4%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 4%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Burgess Hill?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 9% in Burgess Hill.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
Is the education level of Burgess Hill important when buying a house?
In the city of Burgess Hill, 27% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Burgess Hill is £53,300. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
How are rental yields of the houses for sale different to the rest of the UK in Burgess Hill?
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 Burgess Hill this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (South East) alongside West Sussex 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 Burgess Hill.
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)|
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 Burgess Hill.
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 (28) will be useful.
In Burgess Hill, how has the number of houses changed?
The growth of an area like Burgess Hill 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|
|Burgess Hill growth rate||8%||14%||22%|
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 Burgess Hill if you want to find out the exact reasons for the housing change.
houses for sale in other cities in the UK
See here below a list of cities in the same UK region of Burgess Hill which is South East. You might want to consider these as alternatives for your next real estate investment:
- Southampton in South East
- Caversham in South East
- Langney in South East
- Burwash in South East
- Bagnor 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.
Choose the right house for sale that suits your needs
What parameters impact the final price of a house for sale in Burgess Hill?
Here below is our list with the most important ones:
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
House Location – the actual location of a house for sale drastically changes the final price of a property
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.