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What is it like buying a house in Creekmouth?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Greater London $ What is it like buying a house in Creekmouth?

Creekmouth can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Creekmouth.

On top of this, keep reading for detailed information on the demographics of Creekmouth in London. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

What is the asking price on average of houses for sale in Creekmouth?

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 Creekmouth 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 £338,436.

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 Creekmouth.

Average asking prices for houses for sale in Creekmouth

Average asking price (1 bed) £230,422
Average asking price (2 bed) £321,085
Average asking price (3 bed) £459,342
Average asking price (4 bed) no relevant data for this city
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Creekmouth, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £4,590 will help them to have a more wholistic understanding.

Always consider average rental yield when searching for houses for sale in Creekmouth

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Creekmouth. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Creekmouth.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (London), a regional level (Greater London) and finally on the level of the city talked about in this article, Creekmouth.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Creekmouth 5.2% £1,464 140% 13.0%
London 3.96% £2,001 129.93% 12.05%
Greater London 3.88% £1,899 129.14% 13.30%

You may also find it useful to compare the data above to the number of properties sold per month Creekmouth experiences. This figure for house sales per month is 22. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

Is the housing market in Creekmouth growing?

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

1 year 3 years 5 years
Creekmouth growth rate -4% 1% 14%

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 Creekmouth 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 Creekmouth.

In general, what do houses for sale sell for in Creekmouth?

In Creekmouth, the average sale price of a house for sale is in fact £329,056. This is dependent on the 10 year population growth of Creekmouth being 17%. Growing populations are more likely to inflate the prices of houses for sale in the city of Creekmouth.

Housing category Total final sale price
Aerage sold price (detached) no relevant data for this city
Aerage sold price (semi-detached) £432,597
Aerage sold price (terraced) £385,718
Aerage sold price (flat) £258,534

The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Creekmouth.

Housing category Sale price per square foot
Aerage sold price/sqft £3,960
Aerage sold price/sqft (new build) £3,940
Aerage sold price/sqft (old stock) £3,950

Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.

On average, the cost of a house for sale per square foot works out to be £4,280. This means if you are just looking out the houses sold in Creekmouth in general and didn’t take into consideration the type of build. For example, a new build.

What kind of demographics does the city of Creekmouth have?

Are the people of Creekmouth deprived?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Creekmouth is 36% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

In Creekmouth, how educated are people in general?

The number of people as a percentage who have been through university and gained a degree is 25%. The ability to buy a home is greatly influenced by the number of people who have degrees. £45,500 is the amount people in Creekmouth 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 Creekmouth, 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 is the city of Creekmouth’s social grade score?

In the city of Creekmouth, the social grade score of the area is 15%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Creekmouth.

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

How much are those living in Creekmouth earning?

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 (15%). 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 Creekmouth, this works out to be £45,500. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

In general, do people commit a lot of crime in Creekmouth?

The crime rate of Creekmouth 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 176, 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 (176) is both useful and is recommended to be compared to the average.

In the city of Creekmouth, is there a lot of 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 Creekmouth, the city has 5.2 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 Creekmouth.

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

In total, the number of people in Creekmouth is 51,284. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.

Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.

You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Creekmouth, depending on where exactly you are.

How has Creekmouth changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Creekmouth has changed by 5%. Read more here

It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 5% is a recent change or not.
Click here to know more on the UK population trends.

In the last decade, what is the difference in population in Creekmouth?

17% has been the population growth change in the past 10 years.

Usually, this is more of a conservative figure compared to the five year change of a city.

Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.

The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Creekmouth have seen a more desirable way of working, moving to make themselves more comfortable in their careers.

For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

The city of Creekmouth, 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 Creekmouth 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 Creekmouth. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Professional advice for houses for sale in Creekmouth

Invest in a house for sale that meets your demands

When browsing houses for sale in Creekmouth you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

Other cities you can consider looking for with houses for sale

Below are a list of towns with a similar location to Creekmouth.
Reading these analysis will help you evaluate the different houses for sale currently listed in Greater London:

If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

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