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Whenever looking for a house for sale in the UK or in Bradstone, it is vital you look at the market trends and house price fluctuations in the wider area of Devon too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Bradstone.
In this article, we will be looking at the city of Bradstone in detail so you know how to navigate the area and have a better understanding on where to invest.
House for sale in a different UK region
If you are looking for similar places to buy a house that are just like Bradstone, examine this short list of cities below from outside of the region of South West for some inspiration.
- helmsley in South West
- hollinswood in South West
- ancrum in South West
- bassett in South West
- carbis-bay in South West
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
Why you should consider the average rental yield when searching for houses for sale in Bradstone
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 Bradstone. 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 Bradstone.
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 (Devon), a regional level (South West) and finally on the level of the city talked about in this article, Bradstone.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bradstone | £0 | £832 | no relevant data for this city | £0 |
| Devon | 3.48% | £949.47 | 131.12% | 16.20% |
| South West | 0.04 | 1,078.69 | £1 | 17.35% |
You may also find it useful to compare the data above to the number of properties sold per month Bradstone experiences. This figure for house sales per month is 12. 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 Bradstone?
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 Bradstone that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Bradstone growth rate | 2% | 21% | 33% |
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 Bradstone is important.
Get professional help on the houses for sale in Bradstone
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.
Finding the ideal house for sale for you
When browsing houses for sale in Bradstone you should think about lots of different criteria:
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House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
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Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
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House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
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Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
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energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
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Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
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Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
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Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
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Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
What is the asking price on average of houses for sale in Bradstone?
When investors make offers for houses for sale in Bradstone, the average price asked by the homeowners works out to be £375,788.
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 Bradstone 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.
The average asking price for the houses for sale in the city of Bradstone
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £265,623 |
| Average asking price (3 bed) | £349,638 |
| Average asking price (4 bed) | £465,568 |
| Average asking price (5 bed) | no relevant data for this city |
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Bradstone has a lack of supply of housing in certain categories.
In general, for the city of Bradstone, what are the final purchase prices for the houses for sale?
In Bradstone, the average sale price of a house for sale is in fact £273,905. This is dependent on the 10 year population growth of Bradstone being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bradstone.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £375,129 |
| Aerage sold price (semi-detached) | £242,074 |
| Aerage sold price (terraced) | £201,387 |
| Aerage sold price (flat) | £154,714 |
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 Bradstone.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,720 |
| Aerage sold price/sqft (new build) | £3,110 |
| Aerage sold price/sqft (old stock) | £2,550 |
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 £2,720. This means if you are just looking out the houses sold in Bradstone in general and didn’t take into consideration the type of build. For example, a new build.
What kind of demographics does the city of Bradstone have?
In the city of Bradstone, has the population grown or shrunk?
The city of Bradstone has a total population of 16443. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Bradstone is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Bradstone
Over time, in the last five years, the population of the city of Bradstone has changed by 3%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 3% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Bradstone?
In the last 10 years, there has been a shift in the population of 5%.
Comparing this to the 5 year figure of Bradstone can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
Is there sufficient green space in Bradstone?
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 Bradstone currently has 38 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 Bradstone in this case.
For the city of Bradstone, what is the education level?
In the city of Bradstone, 31% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Bradstone is £40,000.00.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Bradstone in the county of Devon 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 Bradstone is located in; South West.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Bradstone, 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.
How much do people in Bradstone earn?
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.
£40,000.00 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 26% for Bradstone.
What’s the crime rate in Bradstone?
In Bradstone, for every 1000 people, there is currently a crime rate of 5200%. 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 (5200% 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.
How deprived is the population of Bradstone?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of £0 for Bradstone should give you a nice idea of the deprivation in the area.
What’s a social grade score and how does it relate to Bradstone?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Bradstone, the percentage of people in the two highest categories, A and B is 26%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £40,000.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (26%).
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