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All you need to know – houses for sale in New Houghton

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 New Houghton

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New Houghton 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 Derbyshire.
Before looking for a house for sale in the city of New Houghton 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 New Houghton.

In general, what do houses for sale sell for in New Houghton?

As well as looking at the asking price for house for sale in New Houghton, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in New Houghton.

Houses for sale, are sold on average in New Houghton, after the influence of these factors, at £152,087 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 5% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £202,655
Aerage sold price (semi-detached) £130,958
Aerage sold price (terraced) £96,739
Aerage sold price (flat) £77,698

This table above shows the average sale price for each variation of houses for sale in New Houghton.

Housing category Sale price per square foot
Aerage sold price/sqft £1,730
Aerage sold price/sqft (new build) £1,930
Aerage sold price/sqft (old stock) £1,600

This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in New Houghton is £1,730.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

Thinking of a different city and perhaps a different location?

If you are looking for similar places to buy a house that are just like New Houghton, examine this short list of cities below from outside of the region of East Midlands for some inspiration.

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.

Are there any important statistics about the population of New Houghton?

Is the education level of New Houghton important when buying a house?

The number of people as a percentage who have been through university and gained a degree is 14%. The ability to buy a home is greatly influenced by the number of people who have degrees. £35,200.00 is the amount people in New Houghton are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in New Houghton, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

What salary does the community in New Houghton 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 £35,200.00.

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 New Houghton this figure is 12%.

Do the people of New Houghton get to enjoy green space?

Whether you view green space in New Houghton 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 New Houghton, the number of acres of green space for every 1000 people currently is 18 which can be measured against the UK average of 1.7.

In New Houghton, what is the crime rate?

Within New Houghton, the number of people committing crimes is 9300% per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 9300% figure carefully.

What is the population of New Houghton?

The city of New Houghton has a total population of 51628. 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 New Houghton 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 New Houghton

Over time, in the last five years, the population of the city of New Houghton has changed by 3%. 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 3% 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 New Houghton?

In the last 10 years, there has been a shift in the population of 5%.

Comparing this to the 5 year figure of New Houghton 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.

New Houghton within Derbyshire is notable for the type of people that live there. The statistics below show how this is the case.

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

In New Houghton, what is the social grade score?

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 New Houghton, the percentage of people in the two highest categories, A and B is 12%. 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 £35,200.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (12%).

Are the deprivation levels of the UK any different to New Houghton?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In New Houghton, 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.

Asking price in New Houghton for a house for sale

The average asking price for the houses for sale in the city of New Houghton

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £145,334
Average asking price (3 bed) £188,808
Average asking price (4 bed) £308,414
Average asking price (5 bed) no relevant data for this city

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether New Houghton is the right area to buy a house in for you.

On average, in New Houghton, the asking price for a house for sale in the area is £189,726.

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 New Houghton. 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.

Invest in houses for sale in New Houghton with the right professional advice

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

Invest in a house for sale that meets your demands

Many criteria impact the price of houses for sale in New Houghton.
Here below are the most important ones according to Lofti’s expertise:

  • Affordability – (see what house for sale can you afford?)

    A guide from the UK government

  • House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.

  • Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying

  • Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom

  • Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.

  • Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale

  • Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance

  • Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.

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

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 New Houghton this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (East Midlands) alongside Derbyshire 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 New Houghton.

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)
New Houghton £0 £747 £1 £0
Derbyshire 3.76% £771.81 125.53% 20.69%
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 New Houghton.

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 (46) will be useful.

In New Houghton, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in New Houghton, think about how the city is growing and how this may impact the overall growth of the area.

Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.

1 year 3 years 5 years
New Houghton growth rate -1% 10% 27%

As the population of New Houghton grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.

FAQ (Frequently Asked Questions)

Do properties in New Houghton have the potential for renovation?

If planning permissions are abundant in the vicinity of New Houghton, it may look promising for landlords looking to renovate. With 13 getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 51628. A comparative analysis against other locations across the UK will lend you a good perspective of this data.

What is the monthly count of property transactions in New Houghton?

New Houghton boasts a monthly total of 46 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

What’s the year-over-year population change in New Houghton or similar cities?

For a comprehensive analysis of New Houghton’s population trends, observe the population fluctuation over a decade, indicated by 5%, and the five-year alteration represented by 3%. Perhaps also look at data from another nearby city too so you can see a comparison.

What are the asking rates for houses for sale in the surrounding area of New Houghton?

The current average price per square foot for a house in New Houghton stands at £0, considering the mean cost for each square foot of houses for sale there.

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

Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In New Houghton, this value is £152,087, compared to the UK’s average of £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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