A guide on houses for sale in Bason Bridge

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South West $ A guide on houses for sale in Bason Bridge

Bason Bridge 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 Bason Bridge.

On top of this, keep reading for detailed information on the demographics of Bason Bridge in Somerset. 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.

Why you should consider the average rental yield when searching for houses for sale in Bason Bridge

Is the housing market in Bason Bridge growing?

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 Bason Bridge that shows the growth in recent years.

1 year 3 years 5 years
Bason Bridge growth rate no relevant data for this city 16% 19%

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 Bason Bridge is important.

If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.

This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.

The table below represents this data and compares Bason Bridge to Somerset and the broader suburb of the UK; South West.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Bason Bridge no relevant data for this city no relevant data for this city no relevant data for this city 17.0%
Somerset 3.77% £1,175 138.81% 20.04%
South West 3.57% £1,079 132.66% 17.35%

Let’s assume you want to sell the house you’re looking to buy in Bason Bridge for profit in the future, in this case, looking at the data for the number of houses sold per month in Bason Bridge would give you an idea of whether the area is actively getting new investors. This figure is 12.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Bason Bridge. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.

The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.

In general, what do houses for sale sell for in Bason Bridge?

In Bason Bridge, the average sale price of a house for sale is in fact £241,244. This is dependent on the 10 year population growth of Bason Bridge being 9%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bason Bridge.

Housing category Total final sale price
Aerage sold price (detached) £366,235
Aerage sold price (semi-detached) £222,890
Aerage sold price (terraced) £175,866
Aerage sold price (flat) £107,617

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 Bason Bridge.

Housing category Sale price per square foot
Aerage sold price/sqft £2,350
Aerage sold price/sqft (new build) £2,720
Aerage sold price/sqft (old stock) £2,250

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 £2,350. This means if you are just looking out the houses sold in Bason Bridge in general and didn’t take into consideration the type of build. For example, a new build.

Are there any important statistics about the population of Bason Bridge?

Bason Bridge within Somerset is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Bason Bridge will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South West). 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 Bason Bridge.

What does the population of Bason Bridge 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 Bason Bridge is 12,576.

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 Bason Bridge.

In Bason Bridge, 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 Bason Bridge 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.

Bason Bridge population difference over 10 years?

The population has adjusted in the area of Bason Bridge by 9% 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 Bason Bridge.

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.

For the city of Bason Bridge, what is the education level?

In Bason Bridge, the proportion of people who have a degree is 19%. 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 Bason Bridge is £38,300.

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.

Are the people in Bason Bridge earning a lot?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Bason Bridge, the average income is £38,300. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 15% to decide on what the demographics are like in the area.

What’s crime like in Bason Bridge?

For every one thousand people living in Bason Bridge, 106 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 106 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

In Bason Bridge, what is the 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 Bason Bridge in grades A or B which are the highest skilled roles in the country is 15%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £38,300 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 15%.

How deprived is the population of Bason Bridge?

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 Bason Bridge, in particular, the deprivation levels are 27%.

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 the city of Bason Bridge, how much green space remains for residents?

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 Bason Bridge currently has 7.2 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 Bason Bridge in this case.

In Bason Bridge, what is the asking price in general for a house for sale?

Table showing the asking prices for houses for sale in Bason Bridge

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £213,591
Average asking price (3 bed) £277,744
Average asking price (4 bed) £456,662
Average asking price (5 bed) no relevant data for this city

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 Bason Bridge is £0. This should show you the general prices overall and for individual types of houses too.

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 Bason Bridge 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 £322,198.

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 Bason Bridge.