What is it like buying a house in Bridgwater?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South West $ What is it like buying a house in Bridgwater?

As a landlord, whenever you are looking at houses for sale in Somerset, you could find varying prices throughout an area like Bridgwater. 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 Bridgwater 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 Bridgwater will be revealed. Keep reading.

In Bridgwater, what is the asking price in general for a house for sale?

On average, in Bridgwater, the asking price for a house for sale in the area is £257,039.

The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Bridgwater. From a 1 bedroom house up to a 5 bedroom house.

As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.

Average asking prices for houses for sale in Bridgwater

Average asking price (1 bed) £119,357
Average asking price (2 bed) £183,670
Average asking price (3 bed) £262,448
Average asking price (4 bed) £359,778
Average asking price (5 bed) no relevant data for this city

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Bridgwater is £0. This should show you the general prices overall and for individual types of houses too.

How are rental yields of the houses for sale different to the rest of the UK in Bridgwater?

What is the growth in the housing market of Bridgwater?

The growth of an area like Bridgwater 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
Bridgwater growth rate 6% 16% 24%

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 Bridgwater 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 Bridgwater this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (South West) alongside Somerset 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 Bridgwater.

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)
Bridgwater 4.4% £939 140% 25.0%
Somerset 3.77% £1,175 138.81% 20.04%
South West 3.57% £1,079 132.66% 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 Bridgwater.

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 (49) will be useful.

What are the people like in Bridgwater?

What is a social grade score and how does this relate to Bridgwater?

In the city of Bridgwater, the social grade score of the area is 12%. 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 Bridgwater.

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

How much do people in Bridgwater earn?

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 (12%). 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 Bridgwater, this works out to be £37,000. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

In general, do people commit a lot of crime in Bridgwater?

For every one thousand people living in Bridgwater, 155 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 155 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

For the city of Bridgwater, what is the education level?

In the city of Bridgwater, 16% 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 Bridgwater is £37,000.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

In the city of Bridgwater, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Somerset for example.

These demographics for Bridgwater may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Bridgwater in South West.

In Bridgwater, how has the population changed?

Population growth in Bridgwater is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Bridgwater, 46,070 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Bridgwater in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Bridgwater, this change has been 3%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 3%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Bridgwater?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 9% in Bridgwater.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

Is there sufficient green space in Bridgwater?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In Bridgwater, 7.2 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Bridgwater.

Is the city of Bridgwater deprived?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Bridgwater is 27% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

In general, for the city of Bridgwater, what are the final purchase prices for the houses for sale?

For the city of Bridgwater, the average price a house sells for is £192,251. This value usually depends on the exact location of the house within Bridgwater as well as other factors like the population growth in Bridgwater which is 9% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £271,493
Aerage sold price (semi-detached) £203,062
Aerage sold price (terraced) £162,006
Aerage sold price (flat) £116,094

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 Bridgwater.

Housing category Sale price per square foot
Aerage sold price/sqft £2,220
Aerage sold price/sqft (new build) £2,290
Aerage sold price/sqft (old stock) £2,110

Generalising the bottom table, the average value per square foot of a house for sale is £2,220. This value averages all of the types of houses for sale in Bridgwater. 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 Bridgwater.