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All you need to know – houses for sale in Easthorpe

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East Midlands $ All you need to know – houses for sale in Easthorpe

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Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Easthorpe, Nottinghamshire.

From the average asking price of houses for sale in Easthorpe, to the growth of the population in the area, all will be talked about regarding the city of Easthorpe. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

In Easthorpe, what are the demographics like?

Easthorpe in the county of Nottinghamshire 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 Easthorpe is located in; East Midlands.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Easthorpe, 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.

What’s the crime rate in Easthorpe?

For the city of Easthorpe, crime rate is at 4400%. So for every 1000 people in the area, 4400% commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

What salary does the community in Easthorpe take home?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £52,000.00.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Easthorpe this figure is 41%.

Are the people of Easthorpe deprived?

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 Easthorpe, 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.

What is the education level like in Easthorpe?

In Easthorpe, the proportion of people who have a degree is 41%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Easthorpe is £52,000.00.

This figure for average household income usually goes up alongside the percentage of people who have degrees.

However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.

Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.

What’s a social grade score and how does it relate to Easthorpe?

In the city of Easthorpe and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.

In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.

When trying to determine if the area of Easthorpe has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 41%.

Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)

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

Have the people of Easthorpe grown in numbers?

The city of Easthorpe has a total population of 8992. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Easthorpe is growing.

A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.

Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.

The five year population change of Easthorpe

Over time, in the last five years, the population of the city of Easthorpe has changed by 4%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here

In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 4% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.

What is the difference in population over the last 10 years in Easthorpe?

In the last 10 years, there has been a shift in the population of 7%.

Comparing this to the 5 year figure of Easthorpe can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.

New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.

A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.

Do the people of Easthorpe get to enjoy green space?

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 Easthorpe, the city has 71 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 Easthorpe.

Professional advice for houses for sale in Easthorpe

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

  • Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
  • Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
  • Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
  • Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
  • Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
  • Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

In Easthorpe, what do houses for sale tend to sell for?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Easthorpe. In Easthorpe, this sale price works out to be £349,066. As an example, a factor like population growth over the last 10 years which works out to be 7% in Easthorpe and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £410,133
Average sold price (semi-detached) £253,262
Average sold price (terraced) £242,531
Average sold price (flat) £167,973

Above, the exact type of house is also shown to vary in price in a table in Easthorpe. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.

Housing category Sale price per square foot
Average sold price/sqft £2,960
Average sold price/sqft (new build) £3,330
Average sold price/sqft (old stock) £2,810

In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Easthorpe which is £2,960. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.

In Easthorpe, what is the asking price in general for a house for sale?

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 Easthorpe 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 £431,824.

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 Easthorpe.

In the city of Easthorpe, 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) £259,583
Average asking price (3 bed) £398,119
Average asking price (4 bed) £543,333
Average asking price (5 bed) no relevant data for this city

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Easthorpe 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.

Are you considering other cities with houses for sale?

You can consult our list below that goes over a list of cities not necessarily in East Midlands, allowing you to find similar places to Easthorpe:

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

How are rental yields of the houses for sale different to the rest of the UK in Easthorpe?

In Easthorpe, how has the number of houses changed?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Easthorpe at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Easthorpe growth rate 2% 20% 30%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Easthorpe gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Easthorpe.

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Easthorpe this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (East Midlands) alongside Nottinghamshire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Easthorpe.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Easthorpe no relevant data for this city no relevant data for this city no relevant data for this city £0
Nottinghamshire 4.39% £865.10 134.00% 19.74%
East Midlands 0.04 774.81 £1 19.44%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Easthorpe.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (5) will be useful.

Choose the right house for sale that suits your needs

What parameters impact the final price of a house for sale in Easthorpe?
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.

F.A.Q.

Do properties in Easthorpe have the potential for renovation?

Every single month in Easthorpe, there are 9 planning applications, of which nan result in a success. Look at this in terms of the population size of 8992 to work out if you think you’d have good planning success if you were to renovate.

What’s the number of property sales each month in Easthorpe?

Easthorpe boasts a monthly total of 5 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link

How does the population in a city like Easthorpe change annually?

For a comprehensive analysis of Easthorpe’s population trends, observe the population fluctuation over a decade, indicated by 7%, and the five-year alteration represented by 4%. Perhaps also look at data from another nearby city too so you can see a comparison.

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

In Easthorpe, the mean asking price per square foot for a house is currently £0, based on the average value per square foot

Does opting for a house for sale in Easthorpe come with a hefty price tag?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Easthorpe, this figure stands at £349,066, while the UK average is £286,500.

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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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