Broadwoodwidger can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Broadwoodwidger.
On top of this, keep reading for detailed information on the demographics of Broadwoodwidger in Devon. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
What is the final sale price of a house in Broadwoodwidger?
In Broadwoodwidger, houses for sale are sold at an average of £288,198. 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 Broadwoodwidger. 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)||£348,609|
|Aerage sold price (semi-detached)||£196,568|
|Aerage sold price (terraced)||£193,367|
|Aerage sold price (flat)||no relevant data for this city|
As you can see above, for Broadwoodwidger, 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 6% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,410|
|Aerage sold price/sqft (new build)||£0|
|Aerage sold price/sqft (old stock)||£2,260|
Looking at the second table about Broadwoodwidger, 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 Broadwoodwidger is £2,410.
What’s the rental yield in general for the city of Broadwoodwidger?
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Broadwoodwidger, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; South West. As well as Devon, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Broadwoodwidger||no relevant data for this city||no relevant data for this city||no relevant data for this city||19.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Broadwoodwidger you might be interested in the number of sales per month (2) that happen in the local housing market. Comparing this figure for Broadwoodwidger with the above table gives you a good understanding of the profitability of the area.
Is the housing market in Broadwoodwidger growing?
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 Broadwoodwidger at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Broadwoodwidger growth rate||no relevant data for this city||no relevant data for this city||no relevant data for this city|
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 Broadwoodwidger 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 Broadwoodwidger.
What is the asking price on average of houses for sale in Broadwoodwidger?
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Broadwoodwidger determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £413,759.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Broadwoodwidger.
Average asking prices for houses for sale in Broadwoodwidger
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||no relevant data for this city|
|Average asking price (3 bed)||no relevant data for this city|
|Average asking price (4 bed)||no relevant data for this city|
|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 Broadwoodwidger has a lack of supply of housing in certain categories.
What are the demographics like in the city of Broadwoodwidger?
Is the crime rate bad in the city of Broadwoodwidger?
For the city of Broadwoodwidger, crime rate is at 47. So for every 1000 people in the area, 47 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.
Is there sufficient green space in Broadwoodwidger?
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 Broadwoodwidger currently has 9.5 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 Broadwoodwidger in this case.
In Broadwoodwidger, what are the deprivation levels like?
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 Broadwoodwidger is 20%.
How much are those living in Broadwoodwidger earning?
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 Broadwoodwidger, the average income is £40,700. 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 22% to decide on what the demographics are like in the area.
Broadwoodwidger 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 Broadwoodwidger 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 Broadwoodwidger, 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 education level like in Broadwoodwidger?
Interestingly, the percentage of people who have a degree in the city of Broadwoodwidger is 26%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Broadwoodwidger is £40,700.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
What is the city of Broadwoodwidger’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 Broadwoodwidger in grades A or B which are the highest skilled roles in the country is 22%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £40,700 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 22%.
What does the population of Broadwoodwidger look like?
Population growth in Broadwoodwidger 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 Broadwoodwidger, 1,889 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 Broadwoodwidger 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 Broadwoodwidger, 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 Broadwoodwidger?
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 6% in Broadwoodwidger.
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.
Who can help you buy a house for sale in Broadwoodwidger?
Are you considering other cities with houses for sale?
We have prepared a list of cities in South West, the same UK region of Broadwoodwidger that can help you evaluate the different houses for sale listed in the region:
- Buckfast in South West
- Brockworth in South West
- Alfington in South West
- Bissoe in South West
- Bishopstrow in South West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
A house for sale that is right for you
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Broadwoodwidger.
Affordability – check this article from the UK government to find out (see what house for sale you can afford)
Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.