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How much will you pay for a house for sale in Annfield Plain?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North East $ How much will you pay for a house for sale in Annfield Plain?

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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 Annfield Plain, Durham.

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

What are the demographics like in the city of Annfield Plain?

In Annfield Plain, how has the population changed?

In total, the number of people in Annfield Plain is 36685. 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 Annfield Plain, depending on where exactly you are.

How has Annfield Plain 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 Annfield Plain has changed by 3%. 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 3% 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 Annfield Plain?

4% 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 Annfield Plain 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.

In the city of Annfield Plain, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Durham for example.

These demographics for Annfield Plain may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Annfield Plain in North East.

What’s the crime rate in Annfield Plain?

Within Annfield Plain, the number of people committing crimes is 12800% 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 12800% figure carefully.

How much green space is available to residents of Annfield Plain?

Whether you view green space in Annfield Plain 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 Annfield Plain, the number of acres of green space for every 1000 people currently is 20 which can be measured against the UK average of 1.7.

What salary does the community in Annfield Plain 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 Annfield Plain. Compare the area’s average household income of £31,500.00 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 11% for more conclusive data on the affluence of the area.

Are the deprivation levels of the UK any different to Annfield Plain?

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 Annfield Plain should give you a nice idea of the deprivation in the area.

Is the education level of Annfield Plain important when buying a house?

In the city of Annfield Plain, 15% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.

Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Annfield Plain is £31,500.00.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

In Annfield Plain, what is the social grade score?

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 Annfield Plain 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 Annfield Plain, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 11%.

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.

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

In general, for the city of Annfield Plain, what are the final purchase prices for the houses for sale?

As well as looking at the asking price for house for sale in Annfield Plain, 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 Annfield Plain.

Houses for sale, are sold on average in Annfield Plain, after the influence of these factors, at £93,101 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 4% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £177,845
Aerage sold price (semi-detached) £109,956
Aerage sold price (terraced) £67,580
Aerage sold price (flat) £65,841

This table above shows the average sale price for each variation of houses for sale in Annfield Plain.

Housing category Sale price per square foot
Aerage sold price/sqft £1,050
Aerage sold price/sqft (new build) £1,590
Aerage sold price/sqft (old stock) £940

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 Annfield Plain is £1,050.

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

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

The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.

Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look into all the details of Annfield Plain.

The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Durham) as well as the broader region; North East.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Annfield Plain £0 £526 £1 £0
Durham 4.93% £607.25 132.62% 16.57%
North East 0.05 757.25 £1 19.25%

Also, you can compare other data to the table above such as the number of houses sold per month in Annfield Plain which is 33 and get a better understanding of the housing market.

This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Annfield Plain is to invest in. Both in terms of rental yield and capital appreciation.

Are there more or fewer houses being built in Annfield Plain?

Whenever you are thinking about looking for houses for sale in Annfield Plain, 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
Annfield Plain growth rate 4% -6% 5%

As the population of Annfield Plain 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.

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

The average asking price for the houses for sale in the city of Annfield Plain

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £74,438
Average asking price (3 bed) £111,485
Average asking price (4 bed) £248,490
Average asking price (5 bed) no relevant data for this city

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Annfield Plain has a lack of supply of housing in certain categories.

When speaking about the city of Annfield Plain, £103,439 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Annfield Plain would be after a larger house than someone living alone.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

House for sale in a different UK region

Below is a list of towns that differ from Annfield Plain.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to North East:

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

Professional advice for houses for sale in Annfield Plain

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.

A house for sale that is right for you

When browsing houses for sale in Annfield Plain 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 – it 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. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.

  • 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.

F.A.Q.

If you are a landlord, should you renovate a property in the city of Annfield Plain?

Annfield Plain is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 5 each month, attaining a success rate of nan and a total population of 36685. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

On a monthly basis, how many property transactions take place in Annfield Plain?

In Annfield Plain, the monthly property transaction count reaches 33, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

What’s the year-over-year population change in Annfield Plain or similar cities?

To assess the shifts in Annfield Plain’s population over time, analyse how the population has altered. Look at the ten year change of population of 4%, alongside the five-year change of 3%.

What is the asking price for houses for sale in the wider region of Annfield Plain?

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

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

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 Annfield Plain this number is £93,101 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

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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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