Whenever looking for a house for sale in the UK or in Bagnall, it is vital you look at the market trends and house price fluctuations in the wider area of Staffordshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Bagnall.
In this article, we will be looking at the city of Bagnall in detail so you know how to navigate the area and have a better understanding on where to invest.
Always consider average rental yield when searching for houses for sale in Bagnall
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 Bagnall. 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 Bagnall.
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 (Staffordshire), a regional level (West Midlands) and finally on the level of the city talked about in this article, Bagnall.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Bagnall||no relevant data for this city||no relevant data for this city||no relevant data for this city||14.0%|
You may also find it useful to compare the data above to the number of properties sold per month Bagnall experiences. This figure for house sales per month is 7. 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.
Are there more or fewer houses being built in Bagnall?
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 Bagnall at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Bagnall growth rate||-4%||19%||34%|
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 Bagnall 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 Bagnall.
What kind of demographics does the city of Bagnall have?
How much do people in Bagnall 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 Bagnall. Compare the area’s average household income of £42,700 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 26% for more conclusive data on the affluence of the area.
What is the social grade score of Bagnall?
In the city of Bagnall, the social grade score of the area is 26%. 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 Bagnall.
|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|
Do the people of Bagnall get to enjoy 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 Bagnall, the city has 50.8 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 Bagnall.
Are the deprivation levels of the UK any different to Bagnall?
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 Bagnall, in particular, the deprivation levels are 21%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
Is the crime rate bad in the city of Bagnall?
For the city of Bagnall, crime rate is at 41. So for every 1000 people in the area, 41 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.
Bagnall within Staffordshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Bagnall will be looked at by comparing it to the local region, as well as comparing it to the wider region too (West Midlands). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Bagnall.
What does the population of Bagnall look like?
Population growth in Bagnall 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 Bagnall, 11,933 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 Bagnall 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 Bagnall, this change has been 1%. 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 1%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Bagnall?
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 2% in Bagnall.
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 the education level of Bagnall important when buying a house?
In the city of Bagnall, 26% 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 Bagnall is £42,700.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In Bagnall, what do houses for sale tend to sell for?
In Bagnall, houses for sale are sold at an average of £227,005. 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 Bagnall. 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)||£271,221|
|Aerage sold price (semi-detached)||£178,079|
|Aerage sold price (terraced)||£165,772|
|Aerage sold price (flat)||£216,041|
As you can see above, for Bagnall, 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 2% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,290|
|Aerage sold price/sqft (new build)||£2,210|
|Aerage sold price/sqft (old stock)||£2,180|
Looking at the second table about Bagnall, 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 Bagnall is £2,290.
In Bagnall, what is the asking price in general for a house for sale?
Average price of houses for sale in Bagnall
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£210,485|
|Average asking price (3 bed)||£272,614|
|Average asking price (4 bed)||£443,000|
|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 Bagnall is £0. This should show you the general prices overall and for individual types of houses too.
When investors make offers for houses for sale in Bagnall, the average price asked by the homeowners works out to be £339,409.
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 Bagnall 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.
Advice from experts on properties for sale in Bagnall
Choose the right house for sale that suits your needs
Many criteria impact the price of houses for sale in Bagnall.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
Thinking about other cities with houses for sale?
Examine this short list of cities belonging to West Midlands, the same region where Bagnall is located.
- Gorcott-Hill in West Midlands
- Abberton in West Midlands
- Chorley in West Midlands
- Admington in West Midlands
- Worcester in West Midlands
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