As a landlord, whenever you are looking at houses for sale in Somerset, you could find varying prices throughout an area like Bedminster Down. 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 Bedminster Down 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 Bedminster Down will be revealed. Keep reading.
Are there any important statistics about the population of Bedminster Down?
How much do people in Bedminster Down earn?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Bedminster Down. Compare the area’s average household income of £32,700 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 8% for more conclusive data on the affluence of the area.
In Bedminster Down, what is the social grade score?
In the city of Bedminster Down, the social grade score of the area is 8%. 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 Bedminster Down.
| 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 |
The city of Bedminster Down, situated in Somerset, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Bedminster Down and its demographics will be compared to its wider location (South West). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Bedminster Down. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In the city of Bedminster Down, has the population grown or shrunk?
In total, the number of people in Bedminster Down is 29,574. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Bedminster Down, depending on where exactly you are.
How has Bedminster Down changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Bedminster Down has changed by 3%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 3% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Bedminster Down?
10% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Bedminster Down have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
Do the people of Bedminster Down get to enjoy green space?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Bedminster Down, the city has 13.3 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Bedminster Down.
Are the deprivation levels of the UK any different to Bedminster Down?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bedminster Down, currently, 38% people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
How educated are the people in Bedminster Down?
In the city of Bedminster Down, 10% 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 Bedminster Down is £32,700. 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.
What’s the crime rate in Bedminster Down?
The crime rate of Bedminster Down must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 150, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (150) is both useful and is recommended to be compared to the average.
What is the final sale price of a house in Bedminster Down?
For the city of Bedminster Down, the average price a house sells for is £244,030. This value usually depends on the exact location of the house within Bedminster Down as well as other factors like the population growth in Bedminster Down which is 10% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £329,356 |
| Aerage sold price (semi-detached) | £264,720 |
| Aerage sold price (terraced) | £219,118 |
| Aerage sold price (flat) | £158,183 |
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 Bedminster Down.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,770 |
| Aerage sold price/sqft (new build) | £3,000 |
| Aerage sold price/sqft (old stock) | £2,620 |
Generalising the bottom table, the average value per square foot of a house for sale is £2,770. This value averages all of the types of houses for sale in Bedminster Down. 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 Bedminster Down.
What’s the rental yield in general for the city of Bedminster Down?
Is the housing market in Bedminster Down growing?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Bedminster Down at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Bedminster Down growth rate | 4% | 16% | 32% |
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Bedminster Down gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Bedminster Down.
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Bedminster Down, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; South West. As well as Somerset, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bedminster Down | no relevant data for this city | no relevant data for this city | no relevant data for this city | 25.0% |
| Somerset | 3.77% | £1,175 | 138.81% | 20.04% |
| South West | 3.57% | £1,079 | 132.66% | 17.35% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Bedminster Down you might be interested in the number of sales per month (19) that happen in the local housing market. Comparing this figure for Bedminster Down with the above table gives you a good understanding of the profitability of the area.
Asking price in Bedminster Down for a house for sale
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 Bedminster Down 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 £301,849.
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 Bedminster Down.
Table showing the asking prices for houses for sale in Bedminster Down
| Average asking price (1 bed) | £185,983 |
| Average asking price (2 bed) | £231,760 |
| Average asking price (3 bed) | £324,232 |
| Average asking price (4 bed) | no relevant data for this city |
| 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 Bedminster Down 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.
Advice from experts on properties for sale in Bedminster Down
A house for sale appropriate to your needs
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 Bedminster Down.
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Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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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.
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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.
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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.
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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.
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Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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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
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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.
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
Are you considering other cities with houses for sale?
Examine this short list of cities belonging to South West, the same region where Bedminster Down is located.
- Axmouth in South West
- Aylesbeare in South West
- Goodrington in South West
- Alton-Barnes in South West
- Brentry in South West
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.
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