We help you find the right agent
At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Bishopstrow to help you find the perfect agent for you
Bishopstrow 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 Wiltshire.
Before looking for a house for sale in the city of Bishopstrow 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 Bishopstrow.
Get professional help on the houses for sale in Bishopstrow
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
Thinking of a different city and perhaps a different location?
We have prepared a list of cities that are entirely dissimilar to the region of South West, perfect if you are looking for somewhere similar to Bishopstrow but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:
- longbenton in South West
- airntully in South West
- ansley in South West
- huddersfield in South West
- barnstaple in South West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.
In general, what do houses for sale sell for in Bishopstrow?
In Bishopstrow, the average sale price of a house for sale is in fact £276,241. This is dependent on the 10 year population growth of Bishopstrow being 7%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bishopstrow.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £370,069 |
| Aerage sold price (semi-detached) | £244,893 |
| Aerage sold price (terraced) | £199,971 |
| Aerage sold price (flat) | £112,900 |
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 Bishopstrow.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,760 |
| Aerage sold price/sqft (new build) | £2,850 |
| Aerage sold price/sqft (old stock) | £2,660 |
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 £2,760. This means if you are just looking out the houses sold in Bishopstrow in general and didn’t take into consideration the type of build. For example, a new build.
What are the demographics like in the city of Bishopstrow?
How much are those living in Bishopstrow 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 (0.22). 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 Bishopstrow, this works out to be £42,000.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Do the people of Bishopstrow get to enjoy green space?
Whether you view green space in Bishopstrow as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Bishopstrow, the number of acres of green space for every 1000 people currently is 16 which can be measured against the UK average of 1.7.
How deprived is the population of Bishopstrow?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bishopstrow, currently, £0 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.
In Bishopstrow, what is the social grade score?
In the city of Bishopstrow, the social grade score of the area is 0.22. 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 Bishopstrow.
| 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 |
Bishopstrow within Wiltshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Bishopstrow 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 Bishopstrow.
What is the population of Bishopstrow?
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 Bishopstrow is 28537.
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 Bishopstrow.
In Bishopstrow, 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 Bishopstrow 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.
Bishopstrow population difference over 10 years?
The population has adjusted in the area of Bishopstrow by 7% 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 Bishopstrow.
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.
In general, do people commit a lot of crime in Bishopstrow?
In Bishopstrow, for every 1000 people, there is currently a crime rate of 70. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (70 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
In Bishopstrow, how educated are people in general?
The number of people as a percentage who have been through university and gained a degree is 26%. The ability to buy a home is greatly influenced by the number of people who have degrees. £42,000.00 is the amount people in Bishopstrow are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Bishopstrow, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
How are rental yields of the houses for sale different to the rest of the UK in Bishopstrow?
In Bishopstrow, how has the number of houses changed?
The growth of an area like Bishopstrow 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 | |
|---|---|---|---|
| Bishopstrow growth rate | 5% | 16% | 26% |
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 Bishopstrow if you want to find out the exact reasons for the housing change.
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 Bishopstrow this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (South West) alongside Wiltshire 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 Bishopstrow.
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) | |
|---|---|---|---|---|
| Bishopstrow | £0 | £900 | no relevant data for this city | £0 |
| Wiltshire | 3.55% | £1,009.95 | 140.00% | 20.50% |
| South West | 0.04 | 1,078.69 | £1 | 17.35% |
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 Bishopstrow.
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 (20) will be useful.
What is the asking price on average of houses for sale in Bishopstrow?
The average asking price for the houses for sale in the city of Bishopstrow
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £253,830 |
| Average asking price (3 bed) | £345,349 |
| Average asking price (4 bed) | £545,286 |
| Average asking price (5 bed) | £719,495 |
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Bishopstrow 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.
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 Bishopstrow is £365,189.
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 Bishopstrow is useful when negotiating and knowing what to expect for every type of house for sale.
A house for sale appropriate to your needs
Many criteria impact the price of houses for sale in Bishopstrow.
Here below are the most important ones according to Lofti’s expertise:
-
Affordability – (see what house for sale can you afford?)
A guide from the UK government
-
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
-
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
-
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
-
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
-
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
-
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
-
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
FAQ
Is it possible to renovate a property in Bishopstrow?
Bishopstrow is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 14 each month, attaining a success rate of nan and a total population of 28537. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place
What’s the number of property sales each month in Bishopstrow?
Bishopstrow boasts a monthly total of 20 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link
How does the population in a city like Bishopstrow change annually?
For a comprehensive analysis of Bishopstrow’s population trends, observe the population fluctuation over a decade, indicated by 7%, and the five-year alteration represented by 3%. Perhaps also look at data from another nearby city too so you can see a comparison.
How much are houses for sale priced at in the extended region of Bishopstrow?
The average cost per square foot for a house in Bishopstrow is presently £0.
Is a house for sale in Bishopstrow an expensive choice?
To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Bishopstrow, the value is £276,241, whereas the UK’s mean is £286,500
0 Comments