How much does a house for sale cost in Harton?

by | Nov 15, 2022

Home $ House for sale in the UK $ How much does a house for sale cost in Harton?

Harton 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 Tyne and Wear.
Before looking for a house for sale in the city of Harton 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 Harton.

What is the asking price on average of houses for sale in Harton?

Table showing the asking prices for houses for sale in Harton

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £121,328
Average asking price (3 bed) £161,840
Average asking price (4 bed) £314,312
Average asking price (5 bed) no relevant data for this city

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Harton is £0. This should show you the general prices overall and for individual types of houses too.

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 Harton is £154,972.

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 Harton is useful when negotiating and knowing what to expect for every type of house for sale.

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

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 Harton, 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 Tyne and Wear, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Harton no relevant data for this city no relevant data for this city no relevant data for this city 21.0%
Tyne and Wear 5.54% £749 138.20% 21.54%
North East 4.67% £757 123.96% 19.25%

Assuming that in the future you want to re-sell the house you will eventually purchased in Harton you might be interested in the number of sales per month (31) that happen in the local housing market. Comparing this figure for Harton with the above table gives you a good understanding of the profitability of the area.

Are there new houses being built in Harton to make it grow?

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 Harton that shows the growth in recent years.

1 year 3 years 5 years
Harton growth rate -3% 7% 19%

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 Harton is important.

What are the demographics like in the city of Harton?

In the city of Harton, is there a lot of green space?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Harton currently has 10.3 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Harton in this case.

What’s the crime rate in Harton?

In Harton, for every 1000 people, there is currently a crime rate of 112. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (112 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

Is the city of Harton 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 Harton is 33%.

How much are those living in Harton earning?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in Harton. Compare the area’s average household income of £31,900 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 11% for more conclusive data on the affluence of the area.

What is the education level like in Harton?

Interestingly, the percentage of people who have a degree in the city of Harton is 17%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Harton is £31,900.

Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.

Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.

However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.

Harton within Tyne and Wear is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Harton will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North East). 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 Harton.

What is the population of Harton?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Harton if 52,101 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Harton such as rental yield or house appreciation.

How has the population size of Harton adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Harton by 2%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 2% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Harton?

In the last decade, the population of Harton has been adjusted by 2%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

What is a social grade score and how does this relate to Harton?

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 Harton in grades A or B which are the highest skilled roles in the country is 11%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £31,900 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 11%.

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

In Harton, the average sale price of a house for sale is in fact £142,386. This is dependent on the 10 year population growth of Harton being 2%. Growing populations are more likely to inflate the prices of houses for sale in the city of Harton.

Housing category Total final sale price
Aerage sold price (detached) £245,676
Aerage sold price (semi-detached) £153,598
Aerage sold price (terraced) £103,200
Aerage sold price (flat) £82,540

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 Harton.

Housing category Sale price per square foot
Aerage sold price/sqft £1,550
Aerage sold price/sqft (new build) £1,780
Aerage sold price/sqft (old stock) £1,490

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 £1,550. This means if you are just looking out the houses sold in Harton in general and didn’t take into consideration the type of build. For example, a new build.

Professional advice for houses for sale in Harton

Choose the right house for sale that suits your needs

When browsing houses for sale in Harton you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • 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.

  • 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.

  • 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

  • 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.

  • 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

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • 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.

  • 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.

Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.

Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.

Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:

  • Lender – This practitioner can lend you money to finalise a house purchase
  • Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
  • Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
  • Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
  • Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
  • Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase

houses for sale in other cities in the UK

Examine this short list of cities belonging to North East, the same region where Harton is located.

If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.