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How much will you pay for a house for sale in Brokenborough?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South West $ How much will you pay for a house for sale in Brokenborough?

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

In Brokenborough, what are the rental yields?

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 Brokenborough, 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 Wiltshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Brokenborough 2.6% £1,078 no relevant data for this city 14.0%
Wiltshire 3.55% £1,010 140.00% 20.50%
South West 3.57% £1,079 132.66% 17.35%

Assuming that in the future you want to re-sell the house you will eventually purchased in Brokenborough you might be interested in the number of sales per month (12) that happen in the local housing market. Comparing this figure for Brokenborough with the above table gives you a good understanding of the profitability of the area.

Are there more or fewer houses being built in Brokenborough?

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 Brokenborough at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Brokenborough growth rate 6% 12% 28%

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 Brokenborough 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 Brokenborough.

In Brokenborough, what are the demographics like?

What is the education level like in Brokenborough?

In the city of Brokenborough, 38% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Brokenborough is £49,500. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

In the city of Brokenborough, 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 Wiltshire for example.

These demographics for Brokenborough 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 Brokenborough in South West.

In the city of Brokenborough, is there a lot of green space?

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 Brokenborough, the city has 13.3 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 Brokenborough.

How much are those living in Brokenborough earning?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £49,500.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Brokenborough this figure is 41%.

In Brokenborough, what is the crime rate?

The crime rate of Brokenborough 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 40, 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 (40) is both useful and is recommended to be compared to the average.

What does the population of Brokenborough look like?

In total, the number of people in Brokenborough is 13,717. 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 Brokenborough, depending on where exactly you are.

How has Brokenborough 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 Brokenborough has changed by 3%. 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 3% 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 Brokenborough?

7% 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 Brokenborough 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.

Are the deprivation levels of the UK any different to Brokenborough?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Brokenborough, in particular, the deprivation levels are 15%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

In Brokenborough, what is the 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 Brokenborough in grades A or B which are the highest skilled roles in the country is 41%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £49,500 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 41%.

What is the asking price on average of houses for sale in Brokenborough?

Table showing the asking prices for houses for sale in Brokenborough

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £313,213
Average asking price (3 bed) £409,427
Average asking price (4 bed) £700,845
Average asking price (5 bed) no relevant data for this city

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Brokenborough is the right area to buy a house in for you.

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 Brokenborough is £493,470.

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 Brokenborough is useful when negotiating and knowing what to expect for every type of house for sale.

What is the final sale price of a house in Brokenborough?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Brokenborough. In Brokenborough, this sale price works out to be £378,646. As an example, a factor like population growth over the last 10 years which works out to be 7% in Brokenborough and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £510,959
Average sold price (semi-detached) £318,939
Average sold price (terraced) £284,763
Average sold price (flat) £212,018

Above, the exact type of house is also shown to vary in price in a table in Brokenborough. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.

Housing category Sale price per square foot
Average sold price/sqft £3,350
Average sold price/sqft (new build) £3,070
Average sold price/sqft (old stock) £3,240

In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Brokenborough which is £3,350. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.

Invest in houses for sale in Brokenborough with the right professional advice

Are you considering other cities with houses for sale?

Examine this short list of cities belonging to South West, the same region where Brokenborough is located.

If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

A house for sale appropriate to your needs

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Brokenborough

  • affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)

  • Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.

  • Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.

  • Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.

  • EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.

  • Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase

  • Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?

  • Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.

  • Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

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