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

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ How much will you pay for a house for sale in Tendring?

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

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

In Tendring, 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 Tendring. In Tendring, this sale price works out to be £238,930. As an example, a factor like population growth over the last 10 years which works out to be 6% in Tendring and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £281,619
Average sold price (semi-detached) £229,831
Average sold price (terraced) £202,541
Average sold price (flat) £144,577

Above, the exact type of house is also shown to vary in price in a table in Tendring. 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 £2,690
Average sold price/sqft (new build) £2,670
Average sold price/sqft (old stock) £2,610

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 Tendring which is £2,690. 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.

On average, what is the figure for the asking price of a house for sale in Tendring?

On average, in Tendring, the asking price for a house for sale in the area is £287,583.

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 Tendring. 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.

The average asking price for the houses for sale in the city of Tendring

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £248,451
Average asking price (3 bed) £339,599
Average asking price (4 bed) no relevant data for this city
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 Tendring 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.

What kind of demographics does the city of Tendring have?

What is the education level like in Tendring?

In the city of Tendring, 14% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Tendring is £36,400. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

Tendring in the county of Essex 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 Tendring is located in; East of England.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Tendring, 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 is the city of Tendring’s social grade score?

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 Tendring 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, £36,400 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%.

How much green space is available to residents of Tendring?

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 Tendring, the city has 3.6 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 Tendring.

Is the city of Tendring 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 Tendring is 39%.

In Tendring, what is the crime rate?

The crime rate of Tendring 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 106, 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 (106) is both useful and is recommended to be compared to the average.

What salary does the community in Tendring take home?

As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (11%). All in all, the area becomes a more desirable place to live in.

This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Tendring, this works out to be £36,400. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

Have the people of Tendring grown in numbers?

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 Tendring is 6,660.

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 Tendring.

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

In the last five years, over time, the change in population size was 4%. 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 Tendring 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 (4%) 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.

Tendring population difference over 10 years?

The population has adjusted in the area of Tendring by 6% 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 Tendring.

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.

What’s the rental yield in general for the city of Tendring?

Are there more or fewer houses being built in Tendring?

The growth of an area like Tendring 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
Tendring growth rate 1% 6% 20%

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 Tendring if you want to find out the exact reasons for the housing change.

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 Tendring, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East of England. As well as Essex, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Tendring no relevant data for this city no relevant data for this city no relevant data for this city 9.0%
Essex 3.51% £1,237 125.97% 17.61%
East of England 3.49% £1,148 126.76% 16.58%

Assuming that in the future you want to re-sell the house you will eventually purchased in Tendring you might be interested in the number of sales per month (6) that happen in the local housing market. Comparing this figure for Tendring with the above table gives you a good understanding of the profitability of the area.