- 1 We help you find the right agent
- 2 Are there any important statistics about the population of Redbridge?
- 3 A house for sale that is right for you
- 4 Why you should consider the average rental yield when searching for houses for sale in Redbridge
- 5 What is the final sale price of a house in Redbridge?
- 6 House for sale in a different UK region
- 7 Asking price in Redbridge for a house for sale
- 8 Professional advice for houses for sale in Redbridge
- 9 Frequently Asked Questions (FAQ)
Redbridge can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Redbridge.
On top of this, keep reading for detailed information on the demographics of Redbridge in London. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
Are there any important statistics about the population of Redbridge?
Have the people of Redbridge grown in numbers?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Redbridge is 154028.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Redbridge.
In Redbridge, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 3%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Redbridge is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (3%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Redbridge population difference over 10 years?
The population has adjusted in the area of Redbridge by 11% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Redbridge.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
Redbridge within London is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Redbridge will be looked at by comparing it to the local region, as well as comparing it to the wider region too (Greater London). 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 Redbridge.
How deprived is the population of Redbridge?
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 Redbridge, in particular, the deprivation levels are £0.
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 green space is available to residents of Redbridge?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Redbridge, 10 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Redbridge.
How much do people in Redbridge 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.
£53,025.00 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 0.2975 for Redbridge.
In Redbridge, what is the social grade score?
In the city of Redbridge, the social grade score of the area is 0.2975. 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 Redbridge.
|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|
In general, do people commit a lot of crime in Redbridge?
The crime rate of Redbridge 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 113.75, 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 (113.75) is both useful and is recommended to be compared to the average.
How educated are the people in Redbridge?
In the city of Redbridge, 37% 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 Redbridge is £53,025.00.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
A house for sale that is right for you
Many criteria impact the price of houses for sale in Redbridge.
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.
Why you should consider the average rental yield when searching for houses for sale in Redbridge
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 Redbridge. 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 Redbridge.
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 (London), a regional level (Greater London) and finally on the level of the city talked about in this article, Redbridge.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
You may also find it useful to compare the data above to the number of properties sold per month Redbridge experiences. This figure for house sales per month is 15. 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.
What is the growth in the housing market of Redbridge?
Whenever you are thinking about looking for houses for sale in Redbridge, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Redbridge growth rate||-1%||15%||15%|
As the population of Redbridge grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
What is the final sale price of a house in Redbridge?
In Redbridge, houses for sale are sold at an average of £476,179. 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 Redbridge. 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)||£866,542|
|Aerage sold price (semi-detached)||£644,859|
|Aerage sold price (terraced)||£517,990|
|Aerage sold price (flat)||£293,316|
As you can see above, for Redbridge, 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 11% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£4,803|
|Aerage sold price/sqft (new build)||£4,515|
|Aerage sold price/sqft (old stock)||£4,748|
Looking at the second table about Redbridge, 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 Redbridge is £4,810.
House for sale in a different UK region
You can consult our list below that goes over a list of cities not necessarily in Greater London, allowing you to find similar places to Redbridge:
- barnwood in Greater London
- cradley-heath in Greater London
- colyton in Greater London
- bolsover in Greater London
- aberdeen in Greater London
You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK
Asking price in Redbridge for a house for sale
In the city of Redbridge, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||£260,849|
|Average asking price (2 bed)||£371,741|
|Average asking price (3 bed)||£573,553|
|Average asking price (4 bed)||£778,868|
|Average asking price (5 bed)||£883,192|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Redbridge is £1,325. This should show you the general prices overall and for individual types of houses too.
When speaking about the city of Redbridge, £535,003 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Redbridge would be after a larger house than someone living alone.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
Professional advice for houses for sale in Redbridge
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.
Frequently Asked Questions (FAQ)
Do properties in Redbridge offer renovation potential?
Redbridge is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 15 each month, attaining a success rate of nan and a total population of 154028. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place
In Redbridge, how many property sales per month are there?
15 property transactions are reported in Redbridge each month, alongside a broader picture of approximately 1.1 million property sales across the UK.
In a city like Redbridge, what’s the yearly fluctuation in population?
For a comprehensive analysis of Redbridge’s population trends, observe the population fluctuation over a decade, indicated by 11%, and the five-year alteration represented by 3%. Perhaps also look at data from another nearby city too so you can see a comparison.
What is the asking price for houses for sale in the wider region of Redbridge?
Currently, the mean asking price of a house in Redbridge is £1,325, calculated using the average value per square foot
Does opting for a house for sale in Redbridge come with a hefty price tag?
To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Redbridge this number is £476,179 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house