Busbridge – What to look for in houses for sale?

Busbridge 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 Busbridge.

On top of this, keep reading for detailed information on the demographics of Busbridge in Surrey. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

In general, for the city of Busbridge, what are the final purchase prices for the houses for sale?

For the city of Busbridge, the average price a house sells for is £446,132. This value usually depends on the exact location of the house within Busbridge as well as other factors like the population growth in Busbridge which is 5% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £692,489
Aerage sold price (semi-detached) £461,043
Aerage sold price (terraced) £392,162
Aerage sold price (flat) £284,006

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 Busbridge.

Housing category Sale price per square foot
Aerage sold price/sqft £4,860
Aerage sold price/sqft (new build) £5,020
Aerage sold price/sqft (old stock) £4,770

Generalising the bottom table, the average value per square foot of a house for sale is £4,950. This value averages all of the types of houses for sale in Busbridge. 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 Busbridge.

What’s the rental yield in general for the city of Busbridge?

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 Busbridge. 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 Busbridge.

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 (Surrey), a regional level (South East) and finally on the level of the city talked about in this article, Busbridge.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Busbridge 3.6% £1,395 140% 15.0%
Surrey 3.38% £1,657 117.61% 16.05%
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 Busbridge experiences. This figure for house sales per month is 21. 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.

Are there more or fewer houses being built in Busbridge?

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 Busbridge that shows the growth in recent years.

1 year 3 years 5 years
Busbridge growth rate 2% 14% 25%

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 Busbridge is important.

What are the people like in Busbridge?

How deprived is the population of Busbridge?

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 Busbridge, in particular, the deprivation levels are 15%.

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 Busbridge, how educated are people in general?

In Busbridge, the proportion of people who have a degree is 41%. 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 Busbridge is £59,700.

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.

How much are those living in Busbridge earning?

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 (43%). 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 Busbridge, this works out to be £59,700. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

What’s a social grade score and how does it relate to Busbridge?

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 Busbridge 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 Busbridge, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 43%.

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

Busbridge within Surrey is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Busbridge will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South East). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.

This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Busbridge.

What is the population of Busbridge?

Population growth in Busbridge 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 Busbridge, 22,738 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 Busbridge 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 Busbridge, this change has been 2%. 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 2%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Busbridge?

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 5% in Busbridge.

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.

In the city of Busbridge, is there a lot of green space?

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 Busbridge currently has 32.5 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 Busbridge in this case.

In Busbridge, what is the crime rate?

Within Busbridge, the number of people committing crimes is 69 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 69 figure carefully.

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

Average price of houses for sale in Busbridge

Average asking price (1 bed) £247,827
Average asking price (2 bed) £389,012
Average asking price (3 bed) £540,870
Average asking price (4 bed) £825,398
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 Busbridge 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 £5,040 should also give you an overview of what the asking price for houses for sale are in general.

When investors make offers for houses for sale in Busbridge, the average price asked by the homeowners works out to be £460,306.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Busbridge is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

Get professional help on the houses for sale in Busbridge

In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.

The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:

  • Banks – Lend you the cash
  • Insurance companies – Insure your new real estate investment
  • Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
  • Surveyor – Carries out an independent and complete property valuation of the house for sale
  • Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
  • EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city

A house for sale appropriate to your needs

What parameters impact the final price of a house for sale in Busbridge?
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.

houses for sale in other cities in the UK

We have prepared a list of cities in South East, the same UK region of Busbridge that can help you evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.