As a landlord, whenever you are looking at houses for sale in Devon, you could find varying prices throughout an area like Bridford. 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 Bridford 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 Bridford will be revealed. Keep reading.
What are the demographics like in the city of Bridford?
In general, do people commit a lot of crime in Bridford?
For the city of Bridford, crime rate is at 38. So for every 1000 people in the area, 38 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
How much do people in Bridford 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 Bridford. Compare the area’s average household income of £44,800 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 31% for more conclusive data on the affluence of the area.
How deprived is the population of Bridford?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bridford, currently, 22% 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.
Located in Devon is the city of Bridford, in a large part of the UK; South West. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Bridford has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Bridford which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
In the city of Bridford, how much green space remains for residents?
Whether you view green space in Bridford 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 Bridford, the number of acres of green space for every 1000 people currently is 29.1 which can be measured against the UK average of 1.7.
Have the people of Bridford grown in numbers?
The city of Bridford has a total population of 13,740. 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 Bridford 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 Bridford
Over time, in the last five years, the population of the city of Bridford has changed by 5%. 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 5% 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 Bridford?
In the last 10 years, there has been a shift in the population of 8%.
Comparing this to the 5 year figure of Bridford 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.
What is the social grade score of Bridford?
In the city of Bridford and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Bridford has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 31%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
|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|
For the city of Bridford, what is the education level?
In Bridford, the proportion of people who have a degree is 31%. 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 Bridford is £44,800.
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.
What is the asking price on average of houses for sale in Bridford?
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 Bridford is £420,563.
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 Bridford is useful when negotiating and knowing what to expect for every type of house for sale.
Table showing the asking prices for houses for sale in Bridford
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£281,050|
|Average asking price (3 bed)||£357,500|
|Average asking price (4 bed)||£590,712|
|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 Bridford 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.
How are rental yields of the houses for sale different to the rest of the UK in Bridford?
What is the growth in the housing market of Bridford?
The growth of an area like Bridford 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|
|Bridford growth rate||6%||18%||19%|
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 Bridford if you want to find out the exact reasons for the housing change.
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 Bridford. 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 Bridford.
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, Bridford.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Bridford||3.2%||£1,126||no relevant data for this city||18.0%|
You may also find it useful to compare the data above to the number of properties sold per month Bridford experiences. This figure for house sales per month is 10. 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 general, what do houses for sale sell for in Bridford?
In Bridford, houses for sale are sold at an average of £320,452. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Bridford. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£414,662|
|Aerage sold price (semi-detached)||£264,822|
|Aerage sold price (terraced)||£226,978|
|Aerage sold price (flat)||£197,385|
As you can see above, for Bridford, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 8% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,090|
|Aerage sold price/sqft (new build)||£2,880|
|Aerage sold price/sqft (old stock)||£2,930|
Looking at the second table about Bridford, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Bridford is £3,090.