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How much will you pay for a house for sale in Dudley?

by | Nov 15, 2022

Home $ House for sale in the UK $ How much will you pay for a house for sale in Dudley?

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Whenever looking for a house for sale in the UK or in Dudley, it is vital you look at the market trends and house price fluctuations in the wider area of West Midlands 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 Dudley.

In this article, we will be looking at the city of Dudley in detail so you know how to navigate the area and have a better understanding on where to invest.

Other cities in different locations you can consider to buy property

If you are looking for a list of cities that are different to the City of Dudley and in different UK region to West Midlands. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.

What are the asking prices for the houses for sale in the city of Dudley?

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Dudley determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £274,800.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Dudley.

Average price of houses for sale in Dudley

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £190,172
Average asking price (3 bed) £267,646
Average asking price (4 bed) £420,983
Average asking price (5 bed) no relevant data for this city

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Dudley has a lack of supply of housing in certain categories.

Invest in houses for sale in Dudley with the right professional advice

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

A house for sale appropriate to your needs

Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Dudley.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)
  • Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
  • Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
  • Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
  • EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
  • Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
  • Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.

Always consider average rental yield when searching for houses for sale in Dudley

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Dudley, currently, £0 people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area and how much you can charge for rent in your ast (assured tenancy shorthold).

What is the growth in the housing market of Dudley?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Dudley that shows the growth in recent years.

1 year 3 years 5 years
Dudley growth rate 5% 22% 32%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Dudley is important.

What are the people like in Dudley?

For the city of Dudley, what is the education level?

In the city of Dudley, 21% 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 Dudley is £38,740.00.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

What is the city of Dudley’s social grade score?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Dudley compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Dudley, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 20%.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

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

Are the people of Dudley deprived?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Dudley is £0 and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

How much do people in Dudley 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.

£38,740.00 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 20% for Dudley.

Is there sufficient green space in Dudley?

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 Dudley, the city has 19 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 Dudley.

Dudley in the county of West Midlands 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 Dudley 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 Dudley, 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.

In general, do people commit a lot of crime in Dudley?

The crime rate of Dudley 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 10880%, 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 (10880%) is both useful and is recommended to be compared to the average.

In Dudley, how has the population changed?

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 Dudley is 148264.

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 Dudley.

In Dudley, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 2%. 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 Dudley 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 (2%) 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.

Dudley population difference over 10 years?

The population has adjusted in the area of Dudley by 4% 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 Dudley.

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.

In general, for the city of Dudley, what are the final purchase prices for the houses for sale?

In Dudley, houses for sale are sold at an average of £210,995. 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 Dudley. 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) £307,546
Aerage sold price (semi-detached) £185,657
Aerage sold price (terraced) £156,764
Aerage sold price (flat) £112,609

As you can see above, for Dudley, 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 4% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £2,266
Aerage sold price/sqft (new build) £2,410
Aerage sold price/sqft (old stock) £2,114

Looking at the second table about Dudley, 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 Dudley is £2,266.

Frequently Asked Questions (FAQ)

Is it possible to renovate a property in Dudley?

Properties in the city of Dudley may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 13 approvals every month with an approval of nan based on a population of 148264. Compare other places in the UK to make this figure make more sense.

On a monthly basis, how many property transactions take place in Dudley?

The city of Dudley sees around 14 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.

In a city like Dudley, what’s the yearly fluctuation in population?

To assess the shifts in Dudley’s population over time, analyse how the population has altered. Look at the ten year change of population of 4%, alongside the five-year change of 2%.

prices for houses on sale in the broader vicinity of Dudley?

The average cost per square foot for a house in Dudley is presently £0.

Would acquiring a house for sale in Dudley be regarded as a high-priced option?

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 Dudley this number is £210,995 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

Find an estate agent in the city of Dudley

In order to buy a house in Dudley you might need the service of an estate agent. To simplify the pain of looking for the nearest agent we have built a list of estate agents in your area, taking you straight to their website

Estate agent Contact number Address of agent Email
Trinity Property 441384213395 21 Wolverhampton Street Nicolas Burrows (nicolas@trinityproperty.net);Eric Morse-Brown (eric@trinityproperty.net)
HP Sales and Lettings 441217218756 201 Wolverhampton Street, Dudley, DY1 1ED Phone number only
Direct Property Letting & Sales Ltd 441384592264 211-213 Wolverhampton Street, Dudley,, DY1 1ED nan
Jigsaw Property Services 441535435124 6a Russell Street, Keighley, BD21 2JP Phone number only
Billingham & Co 441384444004 4 Hagley Road Matt Billingham (matt@billingham.properties)

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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