We help you find the right agent
At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Heaton to help you find the perfect agent for you
As a landlord, whenever you are looking at houses for sale in Tyne and Wear, you could find varying prices throughout an area like Heaton. 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 Heaton 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 Heaton will be revealed. Keep reading.
How are rental yields of the houses for sale different to the rest of the UK in Heaton?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Heaton, 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).
Is the housing market in Heaton growing?
The growth of an area like Heaton can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Heaton growth rate | 4% | 18% | 24% |
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Heaton if you want to find out the exact reasons for the housing change.
Other cities in different locations you can consider to buy property
If you are looking for similar places to buy a house that are just like Heaton, examine this short list of cities below from outside of the region of North East for some inspiration.
- bishopston in North East
- babworth in North East
- blantyre in North East
- auchenhalrig in North East
- beamhurst in North East
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
Who can help you buy a house for sale in Heaton?
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
What is the final sale price of a house in Heaton?
In Heaton, houses for sale are sold at an average of £200,677. 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 Heaton. 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) | £510,332 |
| Aerage sold price (semi-detached) | £275,716 |
| Aerage sold price (terraced) | £237,392 |
| Aerage sold price (flat) | £131,531 |
As you can see above, for Heaton, 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 10% where lots of movement may inflate or deflate house prices.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,105 |
| Aerage sold price/sqft (new build) | £2,190 |
| Aerage sold price/sqft (old stock) | £2,030 |
Looking at the second table about Heaton, 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 Heaton is £2,190.
On average, what is the figure for the asking price of a house for sale in Heaton?
The average asking price for the houses for sale in the city of Heaton
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £174,090 |
| Average asking price (3 bed) | £223,090 |
| Average asking price (4 bed) | £363,977 |
| Average asking price (5 bed) | £435,433 |
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 £1,030. 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 Heaton has a lack of supply of housing in certain categories.
When speaking about the city of Heaton, £230,336 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 Heaton 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.
What are the demographics like in the city of Heaton?
In the city of Heaton, how much green space remains for residents?
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 Heaton, 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 Heaton.
What’s the crime rate in Heaton?
In Heaton, for every 1000 people, there is currently a crime rate of 15400%. 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 (15400% 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.
What is the population of Heaton?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Heaton if 53384 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 Heaton such as rental yield or house appreciation.
How has the population size of Heaton adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Heaton by 6%. 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 6% 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 Heaton?
In the last decade, the population of Heaton has been adjusted by 10%. 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.
How deprived is the population of Heaton?
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 Heaton is £0.
How much do people in Heaton earn?
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 Heaton. Compare the area’s average household income of £37,750.00 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 22% for more conclusive data on the affluence of the area.
Heaton 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, Heaton 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 Heaton.
For the city of Heaton, what is the education level?
In the city of Heaton, 27% 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 Heaton is £37,750.00.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What is the social grade score of Heaton?
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 Heaton 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 Heaton, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 22%.
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 |
Choose the right house for sale that suits your needs
What parameters impact the final price of a house for sale in Heaton?
Here below is our list with the most important ones:
- House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
- House Location – the actual location of a house for sale drastically changes the final price of a property
- Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
- Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
- Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
- Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
- Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
- Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
- Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
FAQ (Frequently Asked Questions)
Do properties in Heaton offer renovation potential?
Amidst the urban landscape of Heaton, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 9 and on the other hand, there is a planning success rate of nan. It is also useful to take into consideration the population size of the area (53384).
What is the monthly count of property transactions in Heaton?
21 property transactions are reported in Heaton each month, alongside a broader picture of approximately 1.1 million property sales across the UK.
How does the population in a city like Heaton change annually?
Calculating the evolution of Heaton’s population requires an examination of the population transformation over a decade, amounting to 10%, and the five-year adjustment at 6%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby
What are the asking rates for houses for sale in the surrounding area of Heaton?
The average cost per square foot for a house in Heaton is presently £1,030.
Would acquiring a house for sale in Heaton be regarded as a high-priced option?
Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Heaton, this stands at £200,677, whereas the UK’s mean is £286,500.
0 Comments