As a landlord, whenever you are looking at houses for sale in Gloucestershire, you could find varying prices throughout an area like Bromsberrow Heath. 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 Bromsberrow Heath 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 Bromsberrow Heath will be revealed. Keep reading.
Why you should consider the average rental yield when searching for houses for sale in Bromsberrow Heath
Are there new houses being built in Bromsberrow Heath to make it grow?
Before committing to Bromsberrow Heath 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 | |
|---|---|---|---|
| Bromsberrow Heath growth rate | -3% | 10% | 18% |
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 Bromsberrow Heath is building housing to find your answer.
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 Bromsberrow Heath, 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 Gloucestershire, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bromsberrow Heath | no relevant data for this city | no relevant data for this city | no relevant data for this city | 17.0% |
| Gloucestershire | 3.43% | £1,098 | 129.75% | 16.64% |
| West Midlands | 3.89% | £877 | 119.29% | 20.00% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Bromsberrow Heath you might be interested in the number of sales per month (10) that happen in the local housing market. Comparing this figure for Bromsberrow Heath with the above table gives you a good understanding of the profitability of the area.
On average, what is the figure for the asking price of a house for sale in Bromsberrow Heath?
Table showing the asking prices for houses for sale in Bromsberrow Heath
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £240,219 |
| Average asking price (3 bed) | £436,594 |
| Average asking price (4 bed) | £516,278 |
| 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 Bromsberrow Heath is the right area to buy a house in for you.
When investors make offers for houses for sale in Bromsberrow Heath, the average price asked by the homeowners works out to be £428,926.
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 Bromsberrow Heath 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.
What is the final sale price of a house in Bromsberrow Heath?
In Bromsberrow Heath, the average sale price of a house for sale is in fact £280,046. This is dependent on the 10 year population growth of Bromsberrow Heath being 6%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bromsberrow Heath.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £358,847 |
| Aerage sold price (semi-detached) | £229,495 |
| Aerage sold price (terraced) | £197,622 |
| Aerage sold price (flat) | £135,616 |
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 Bromsberrow Heath.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,830 |
| Aerage sold price/sqft (new build) | £2,960 |
| Aerage sold price/sqft (old stock) | £2,720 |
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 £2,830. This means if you are just looking out the houses sold in Bromsberrow Heath in general and didn’t take into consideration the type of build. For example, a new build.
What are the people like in Bromsberrow Heath?
Bromsberrow Heath within Gloucestershire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Bromsberrow Heath 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 Bromsberrow Heath.
In general, do people commit a lot of crime in Bromsberrow Heath?
Within Bromsberrow Heath, the number of people committing crimes is 70 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 70 figure carefully.
Are the people of Bromsberrow Heath deprived?
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 Bromsberrow Heath, in particular, the deprivation levels are 20%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
How much do people in Bromsberrow Heath earn?
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 £40,700.
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 Bromsberrow Heath this figure is 27%.
How much green space is available to residents of Bromsberrow Heath?
In the city of Bromsberrow Heath, there are 16.9 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Bromsberrow Heath is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What is a social grade score and how does this relate to Bromsberrow Heath?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Bromsberrow Heath, the percentage of people in the two highest categories, A and B is 27%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £40,700. This income will generally get bigger as the percentage of people in the A and B categories go up too (27%).
For the city of Bromsberrow Heath, what is the education level?
The number of people as a percentage who have been through university and gained a degree is 32%. The ability to buy a home is greatly influenced by the number of people who have degrees. £40,700 is the amount people in Bromsberrow Heath 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 Bromsberrow Heath, 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.
In Bromsberrow Heath, how has the population changed?
Population growth in Bromsberrow Heath 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 Bromsberrow Heath, 14,179 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 Bromsberrow Heath 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 Bromsberrow Heath, 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 Bromsberrow Heath?
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 Bromsberrow Heath.
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.
Invest in houses for sale in Bromsberrow Heath with the right professional advice
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.
houses for sale in other cities in the UK
We have prepared a list of cities in West Midlands, the same UK region of Bromsberrow Heath that can help you evaluate the different houses for sale listed in the region:
- Brinsford in West Midlands
- Castle-Bromwich in West Midlands
- Cubbington in West Midlands
- Gibbet-Hill in West Midlands
- Boothville in West Midlands
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
Invest in a house for sale that meets your demands
When browsing houses for sale in Bromsberrow Heath you should think about lots of different criteria:
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House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
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Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
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House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
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Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
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energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
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Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale
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Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
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Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
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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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