As a landlord, whenever you are looking at houses for sale in Gloucestershire, you could find varying prices throughout an area like Brockworth. 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 Brockworth 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 Brockworth will be revealed. Keep reading.
In general, what do houses for sale sell for in Brockworth?
In Brockworth, the average sale price of a house for sale is in fact £250,929. This is dependent on the 10 year population growth of Brockworth being 16%. Growing populations are more likely to inflate the prices of houses for sale in the city of Brockworth.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£341,094|
|Aerage sold price (semi-detached)||£242,862|
|Aerage sold price (terraced)||£212,952|
|Aerage sold price (flat)||£127,700|
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 Brockworth.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,750|
|Aerage sold price/sqft (new build)||£2,790|
|Aerage sold price/sqft (old stock)||£2,650|
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 £2,990. This means if you are just looking out the houses sold in Brockworth in general and didn’t take into consideration the type of build. For example, a new build.
On average, what is the figure for the asking price of a house for sale in Brockworth?
When investors make offers for houses for sale in Brockworth, the average price asked by the homeowners works out to be £321,106.
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 Brockworth 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.
Average asking prices for houses for sale in Brockworth
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£222,928|
|Average asking price (3 bed)||£311,724|
|Average asking price (4 bed)||£423,409|
|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 Brockworth 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 £3,240 should also give you an overview of what the asking price for houses for sale are in general.
In Brockworth, what are the rental yields?
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Brockworth to Gloucestershire and the broader suburb of the UK; South West.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Let’s assume you want to sell the house you’re looking to buy in Brockworth for profit in the future, in this case, looking at the data for the number of houses sold per month in Brockworth would give you an idea of whether the area is actively getting new investors. This figure is 31.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Brockworth. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
Are there new houses being built in Brockworth to make it grow?
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 Brockworth at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Brockworth growth rate||5%||14%||21%|
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 Brockworth 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 Brockworth.
What are the demographics like in the city of Brockworth?
Is the city of Brockworth 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 Brockworth is 18%.
In general, do people commit a lot of crime in Brockworth?
The crime rate of Brockworth 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 74, 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 (74) is both useful and is recommended to be compared to the average.
How much do people in Brockworth 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 Brockworth. Compare the area’s average household income of £45,100 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 24% for more conclusive data on the affluence of the area.
How much green space is available to residents of Brockworth?
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 Brockworth currently has 19.1 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 Brockworth in this case.
Is the education level of Brockworth important when buying a house?
In Brockworth, the proportion of people who have a degree is 29%. 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 Brockworth is £45,100.
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.
Located in Gloucestershire is the city of Brockworth, 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 Brockworth 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 Brockworth 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 Brockworth, what is the social grade score?
In the city of Brockworth 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 Brockworth has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 24%.
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|
Have the people of Brockworth grown in numbers?
In total, the number of people in Brockworth is 30,277. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Brockworth, depending on where exactly you are.
How has Brockworth changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Brockworth has changed by 9%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 9% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Brockworth?
16% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Brockworth have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.