How much does a house for sale cost in Burridge?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South East $ How much does a house for sale cost in Burridge?

Burridge might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Hampshire.
Before looking for a house for sale in the city of Burridge we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Burridge.

What is the final sale price of a house in Burridge?

For the city of Burridge, the average price a house sells for is £348,134. This value usually depends on the exact location of the house within Burridge as well as other factors like the population growth in Burridge which is 6% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £469,886
Aerage sold price (semi-detached) £309,824
Aerage sold price (terraced) £260,538
Aerage sold price (flat) £195,879

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 Burridge.

Housing category Sale price per square foot
Aerage sold price/sqft £3,380
Aerage sold price/sqft (new build) £3,300
Aerage sold price/sqft (old stock) £3,320

Generalising the bottom table, the average value per square foot of a house for sale is £3,540. This value averages all of the types of houses for sale in Burridge. 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 Burridge.

On average, what is the figure for the asking price of a house for sale in Burridge?

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Burridge is £436,963.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Burridge is useful when negotiating and knowing what to expect for every type of house for sale.

The average asking price for the houses for sale in the city of Burridge

Average asking price (1 bed) £181,465
Average asking price (2 bed) £279,611
Average asking price (3 bed) £399,591
Average asking price (4 bed) £596,170
Average asking price (5 bed) £799,085

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Burridge is £3,700. This should show you the general prices overall and for individual types of houses too.

In Burridge, what are the rental yields?

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 Burridge.

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 (Hampshire) as well as the broader region; South East.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Burridge 3.2% £1,170 132% 17.0%
Hampshire 3.67% £1,199 129.21% 20.71%
South East 3.58% £1,301 127.50% 16.69%

Also, you can compare other data to the table above such as the number of houses sold per month in Burridge which is 38 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 Burridge is to invest in. Both in terms of rental yield and capital appreciation.

Are there more or fewer houses being built in Burridge?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Burridge that shows the growth in recent years.

1 year 3 years 5 years
Burridge growth rate no relevant data for this city 10% 17%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Burridge is important.

What are the demographics like in the city of Burridge?

Is there sufficient green space in Burridge?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Burridge currently has 22.9 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Burridge in this case.

Is the education level of Burridge important when buying a house?

In the city of Burridge, 32% 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 Burridge is £52,300. 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.

Are the deprivation levels of the UK any different to Burridge?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Burridge is 15% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

Burridge in the county of Hampshire is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Burridge is located in; South East.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Burridge, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

What’s the crime rate in Burridge?

For the city of Burridge, crime rate is at 73. So for every 1000 people in the area, 73 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.

What is the social grade score of Burridge?

In the city of Burridge, the social grade score of the area is 31%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Burridge.

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 salary does the community in Burridge take home?

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.

£52,300 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 31% for Burridge.

What is the population of Burridge?

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 Burridge is 44,713.

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 Burridge.

In Burridge, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 3%. 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 Burridge 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 (3%) 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.

Burridge population difference over 10 years?

The population has adjusted in the area of Burridge by 6% 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 Burridge.

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.