How much does a house for sale cost in Blackheath?

As a landlord, whenever you are looking at houses for sale in London, you could find varying prices throughout an area like Blackheath. 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 Blackheath 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 Blackheath will be revealed. Keep reading.

A house for sale appropriate to your needs

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

houses for sale in other cities and regions in the UK

You can consult our list below that goes over a list of cities not necessarily in Greater London, allowing you to find similar places to Blackheath:

• berryhillock in Greater London
• banff in Greater London
• caversham in Greater London
• bruton in Greater London
• bray in Greater London

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

What is the final sale price of a house in Blackheath?

For the city of Blackheath, the average price a house sells for is £371,477. This value usually depends on the exact location of the house within Blackheath as well as other factors like the population growth which is 12% over a ten-year period.

Generalising the bottom table, the average value per square foot of a house for sale is £4,477. This value averages all of the types of houses for sale in Blackheath. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Blackheath.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.

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

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

Are there more or fewer houses being built in Blackheath?

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 Blackheath at 1 year, 3 year and 5 year intervals:

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 Blackheath 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 Blackheath.

What are the asking prices for the houses for sale in the city of Blackheath?

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 Blackheath is £418,100.

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

Table showing the asking prices for houses for sale in Blackheath

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Blackheath is £2,307. This should show you the general prices overall and for individual types of houses too.

Invest in houses for sale in Blackheath with the right professional advice

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

In Blackheath, what are the demographics like?

How much green space is available to residents of Blackheath?

Whether you view green space in Blackheath 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 Blackheath, the number of acres of green space for every 1000 people currently is 14 which can be measured against the UK average of 1.7.

What’s the crime rate in Blackheath?

In Blackheath, for every 1000 people, there is currently a crime rate of 10533%. 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 (10533% 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.

The city of Blackheath, situated in London, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Blackheath and its demographics will be compared to its wider location (Greater London). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Blackheath. So, taking a good look at the data is essential to understand the area you are considering to buy in.

In Blackheath, how educated are people in general?

Interestingly, the percentage of people who have a degree in the city of Blackheath is 30%. 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 Blackheath is £48,100.00.

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.

Are the people of Blackheath deprived?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of £0 for Blackheath should give you a nice idea of the deprivation in the area.

In the city of Blackheath, has the population grown or shrunk?

The city of Blackheath has a total population of 82245. 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 Blackheath 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 Blackheath

Over time, in the last five years, the population of the city of Blackheath 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 Blackheath?

In the last 10 years, there has been a shift in the population of 12%.

Comparing this to the 5 year figure of Blackheath 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.

What salary does the community in Blackheath take home?

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 Blackheath. Compare the area’s average household income of £48,100.00 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 26% for more conclusive data on the affluence of the area.

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

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 Blackheath 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 Blackheath, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 26%.

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.

F.A.Q.

Is it possible to renovate a property in Blackheath?

Every single month in Blackheath, there are 5 planning applications, of which nan result in a success. Look at this in terms of the population size of 82245 to work out if you think you’d have good planning success if you were to renovate.

In Blackheath, how many property sales per month are there?

In Blackheath, the monthly property transaction count reaches 15, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

In a city like Blackheath, what’s the yearly fluctuation in population?

Calculating the evolution of Blackheath’s population requires an examination of the population transformation over a decade, amounting to 12%, and the five-year adjustment at 4%. 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

How much are houses for sale priced at in the extended region of Blackheath?

Currently, the mean asking price of a house in Blackheath is £2,307, calculated using the average value per square foot

Is purchasing a house in Blackheath considered a costly decision?

To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Blackheath this number is £371,477 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house

Read more:

Rightmove properties listed in the city of Blackheath An overview on Rightmove property listings in the UK A guide on houses for sale in Alva How much will you pay for a house for sale in Harpenden? How much does a house for sale cost in Barnsley? A guide on houses for sale in East Central London How much will you pay for a house for sale in Brentry? A guide on houses for sale in Branston