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Bloxwich might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Staffordshire.
Before looking for a house for sale in the city of Bloxwich we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Bloxwich.
Who can help you buy a house for sale in Bloxwich?
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
Always consider average rental yield when searching for houses for sale in Bloxwich
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 Bloxwich, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; West Midlands. As well as Staffordshire, to give a smaller scale area to compare the data to.
Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
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Bloxwich | £0 | £731 | no relevant data for this city | £0 |
Staffordshire | 3.76% | £767.24 | 113.22% | 20.39% |
West Midlands | 0.04 | 876.64 | £1 | 20.00% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Bloxwich you might be interested in the number of sales per month (28) that happen in the local housing market. Comparing this figure for Bloxwich with the above table gives you a good understanding of the profitability of the area.
In Bloxwich, how has the number of houses changed?
Before committing to Bloxwich to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
1 year | 3 years | 5 years | |
---|---|---|---|
Bloxwich growth rate | 1% | 20% | 28% |
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Bloxwich is building housing to find your answer.
On average, what is the figure for the asking price of a house for sale in Bloxwich?
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 Bloxwich is £222,269.
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 Bloxwich is useful when negotiating and knowing what to expect for every type of house for sale.
Table showing the asking prices for houses for sale in Bloxwich
Average asking price (1 bed) | no relevant data for this city |
Average asking price (2 bed) | £160,857 |
Average asking price (3 bed) | £223,375 |
Average asking price (4 bed) | £327,295 |
Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Bloxwich, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more holistic understanding.
Are you considering other cities with houses for sale?
We have prepared a list of cities that are entirely dissimilar to the region of West Midlands, perfect if you are looking for somewhere similar to Bloxwich but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:
- aberavon in West Midlands
- aberbargoed in West Midlands
- kilbirnie in West Midlands
- aberdaron in West Midlands
- gilwell-park in West Midlands
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.
A house for sale that is right for you
What parameters impact the final price of a house for sale in Bloxwich?
Here below is our list with the most important ones:
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House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
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House Location – the actual location of a house for sale drastically changes the final price of a property
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Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
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Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
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Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
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Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
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Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
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Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
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Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
What are the people like in Bloxwich?
In the city of Bloxwich, is there a lot of green space?
Whether you view green space in Bloxwich as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Bloxwich, the number of acres of green space for every 1000 people currently is 11 which can be measured against the UK average of 1.7.
Bloxwich in the county of Staffordshire 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 Bloxwich is located in; West Midlands.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Bloxwich, 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 a social grade score and how does this relate to Bloxwich?
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 Bloxwich in grades A or B which are the highest skilled roles in the country is 0.1.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £32,800.00 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 0.1.
How much do people in Bloxwich earn?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£32,800.00 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 0.1 for Bloxwich.
For the city of Bloxwich, what is the education level?
The number of people as a percentage who have been through university and gained a degree is 12%. The ability to buy a home is greatly influenced by the number of people who have degrees. £32,800.00 is the amount people in Bloxwich are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Bloxwich, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
What’s crime like in Bloxwich?
The crime rate of Bloxwich 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 141, 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 (141) is both useful and is recommended to be compared to the average.
Have the people of Bloxwich grown in numbers?
The city of Bloxwich has a total population of 50107. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Bloxwich is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Bloxwich
Over time, in the last five years, the population of the city of Bloxwich has changed by 4%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 4% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Bloxwich?
In the last 10 years, there has been a shift in the population of 7%.
Comparing this to the 5 year figure of Bloxwich can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
Is the city of Bloxwich 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 Bloxwich is £0.
In general, what do houses for sale sell for in Bloxwich?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Bloxwich. In Bloxwich, this sale price works out to be £160,419. As an example, a factor like population growth over the last 10 years which works out to be 7% in Bloxwich and impacts house prices of the houses for sale.
Housing category | Total final sale price |
---|---|
Average sold price (detached) | £264,303 |
Average sold price (semi-detached) | £150,517 |
Average sold price (terraced) | £131,195 |
Average sold price (flat) | £88,279 |
Above, the exact type of house is also shown to vary in price in a table in Bloxwich. 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 |
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Average sold price/sqft | £1,850 |
Average sold price/sqft (new build) | £2,480 |
Average sold price/sqft (old stock) | £1,740 |
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 Bloxwich which is £1,850. 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.
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