Darlington 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 Darlington.
On top of this, keep reading for detailed information on the demographics of Darlington in Durham. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
In general, what do houses for sale sell for in Darlington?
For the city of Darlington, the average price a house sells for is £137,569. This value usually depends on the exact location of the house within Darlington as well as other factors like the population growth in Darlington which is 2% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£229,127|
|Aerage sold price (semi-detached)||£142,842|
|Aerage sold price (terraced)||£87,417|
|Aerage sold price (flat)||£97,006|
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Darlington.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,465|
|Aerage sold price/sqft (new build)||£1,970|
|Aerage sold price/sqft (old stock)||£1,415|
Generalising the bottom table, the average value per square foot of a house for sale is £1,465. This value averages all of the types of houses for sale in Darlington. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Darlington.
How are rental yields of the houses for sale different to the rest of the UK in Darlington?
In Darlington, how has the number of houses changed?
Before committing to Darlington 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|
|Darlington growth rate||-14%||3%||1%|
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 Darlington 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 Darlington, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; North East. As well as Durham, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Assuming that in the future you want to re-sell the house you will eventually purchased in Darlington you might be interested in the number of sales per month (71) that happen in the local housing market. Comparing this figure for Darlington with the above table gives you a good understanding of the profitability of the area.
What are the demographics like in the city of Darlington?
What is a social grade score and how does this relate to Darlington?
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 Darlington, the percentage of people in the two highest categories, A and B is 16%. 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 £35,750. This income will generally get bigger as the percentage of people in the A and B categories go up too (16%).
Are the people in Darlington earning a lot?
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.
£35,750 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 16% for Darlington.
Do the people of Darlington get to enjoy green space?
Whether you view green space in Darlington 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 Darlington, the number of acres of green space for every 1000 people currently is 8.1 which can be measured against the UK average of 1.7.
What’s crime like in Darlington?
The crime rate of Darlington 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 140, 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 (140) is both useful and is recommended to be compared to the average.
In the city of Darlington, 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 Durham for example.
These demographics for Darlington 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 Darlington in North East.
In the city of Darlington, has the population grown or shrunk?
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 Darlington is 90,795.
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 Darlington.
In Darlington, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 1%. 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 Darlington 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 (1%) 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.
Darlington population difference over 10 years?
The population has adjusted in the area of Darlington by 2% 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 Darlington.
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.
How deprived is the population of Darlington?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 26% for Darlington should give you a nice idea of the deprivation in the area.
How educated are the people in Darlington?
In the city of Darlington, 22% 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 Darlington is £35,750. 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.
Asking price in Darlington for a house for sale
In the city of Darlington, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£100,913|
|Average asking price (3 bed)||£170,871|
|Average asking price (4 bed)||£282,311|
|Average asking price (5 bed)||£456,666|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Darlington and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.
On average, in Darlington, the asking price for a house for sale in the area is £152,281.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Darlington. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.