As a landlord, whenever you are looking at houses for sale in Wiltshire, you could find varying prices throughout an area like Bratton. 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 Bratton 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 Bratton will be revealed. Keep reading.
In general, what do houses for sale sell for in Bratton?
As well as looking at the asking price for house for sale in Bratton, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Bratton.
Houses for sale, are sold on average in Bratton, after the influence of these factors, at £253,601 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 7% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£333,092|
|Aerage sold price (semi-detached)||£229,446|
|Aerage sold price (terraced)||£188,862|
|Aerage sold price (flat)||£121,263|
This table above shows the average sale price for each variation of houses for sale in Bratton.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,630|
|Aerage sold price/sqft (new build)||£2,610|
|Aerage sold price/sqft (old stock)||£2,570|
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Bratton is £2,630.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Why you should consider the average rental yield when searching for houses for sale in Bratton
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 Bratton. 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 Bratton.
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 (Wiltshire), a regional level (South West) and finally on the level of the city talked about in this article, Bratton.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Bratton||3.9%||£1,078||no relevant data for this city||10.0%|
You may also find it useful to compare the data above to the number of properties sold per month Bratton experiences. This figure for house sales per month is 17. 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.
In Bratton, how has the number of houses changed?
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 Bratton at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Bratton growth rate||1%||9%||19%|
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 Bratton 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 Bratton.
What are the asking prices for the houses for sale in the city of Bratton?
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 Bratton is £330,219.
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 Bratton is useful when negotiating and knowing what to expect for every type of house for sale.
Average asking prices for houses for sale in Bratton
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£225,913|
|Average asking price (3 bed)||£320,384|
|Average asking price (4 bed)||£427,282|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Bratton, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more wholistic understanding.
What are the demographics like in the city of Bratton?
Is there sufficient green space in Bratton?
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 Bratton, the city has 18.1 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 Bratton.
Is the education level of Bratton important when buying a house?
In Bratton, the proportion of people who have a degree is 23%. 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 Bratton is £42,900.
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 do people in Bratton earn?
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 Bratton, the average income is £42,900. 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 20% to decide on what the demographics are like in the area.
What’s the crime rate in Bratton?
The crime rate of Bratton 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 68, 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 (68) is both useful and is recommended to be compared to the average.
Bratton in the county of Wiltshire 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 Bratton 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 Bratton, 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.
What is the city of Bratton’s 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 Bratton in grades A or B which are the highest skilled roles in the country is 20%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £42,900 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 20%.
Are the people of Bratton deprived?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Bratton is 21%.
Have the people of Bratton grown in numbers?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Bratton if 20,302 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Bratton such as rental yield or house appreciation.
How has the population size of Bratton adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Bratton by 3%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 3% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Bratton?
In the last decade, the population of Bratton has been adjusted by 7%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
Advice from experts on properties for sale in Bratton
A house for sale that is right for you
What parameters impact the final price of a house for sale in Bratton?
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.
House for sale in the same UK region
We have prepared a list of cities in South West, the same UK region of Bratton that can help you evaluate the different houses for sale listed in the region:
- Axmouth in South West
- Boveridge in South West
- Swindon in South West
- Bodmin in South West
- Pool in South West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
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.