Whenever looking for a house for sale in the UK or in Archdeacon Newton, it is vital you look at the market trends and house price fluctuations in the wider area of Durham 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 Archdeacon Newton.
In this article, we will be looking at the city of Archdeacon Newton in detail so you know how to navigate the area and have a better understanding on where to invest.
What is the final sale price of a house in Archdeacon Newton?
In Archdeacon Newton, houses for sale are sold at an average of £212,365. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Archdeacon Newton. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£270,561|
|Aerage sold price (semi-detached)||£175,292|
|Aerage sold price (terraced)||£152,222|
|Aerage sold price (flat)||£107,912|
As you can see above, for Archdeacon Newton, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 3% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,910|
|Aerage sold price/sqft (new build)||£2,080|
|Aerage sold price/sqft (old stock)||£1,770|
Looking at the second table about Archdeacon Newton, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Archdeacon Newton is £1,910.
Why you should consider the average rental yield when searching for houses for sale in Archdeacon Newton
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Archdeacon Newton to Durham and the broader suburb of the UK; North East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Archdeacon Newton||3.5%||£822||no relevant data for this city||10.0%|
Let’s assume you want to sell the house you’re looking to buy in Archdeacon Newton for profit in the future, in this case, looking at the data for the number of houses sold per month in Archdeacon Newton would give you an idea of whether the area is actively getting new investors. This figure is 17.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Archdeacon Newton. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
Is the housing market in Archdeacon Newton growing?
Whenever you are thinking about looking for houses for sale in Archdeacon Newton, 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|
|Archdeacon Newton growth rate||-1%||2%||11%|
As the population of Archdeacon Newton 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 are the demographics like in the city of Archdeacon Newton?
How much do people in Archdeacon Newton earn?
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 £42,800.
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 Archdeacon Newton this figure is 29%.
How much green space is available to residents of Archdeacon Newton?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Archdeacon Newton, 44.4 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Archdeacon Newton.
Archdeacon Newton in the county of Durham 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 Archdeacon Newton is located in; North East.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Archdeacon Newton, 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.
Are the deprivation levels of the UK any different to Archdeacon Newton?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Archdeacon Newton, in particular, the deprivation levels are 24%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
What is the social grade score of Archdeacon Newton?
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 Archdeacon Newton in grades A or B which are the highest skilled roles in the country is 29%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £42,800 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 29%.
What does the population of Archdeacon Newton look like?
In total, the number of people in Archdeacon Newton is 17,196. 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 Archdeacon Newton, depending on where exactly you are.
How has Archdeacon Newton 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 Archdeacon Newton has changed by 2%. 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 2% 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 Archdeacon Newton?
3% 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 Archdeacon Newton 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.
For the city of Archdeacon Newton, what is the education level?
The number of people as a percentage who have been through university and gained a degree is 24%. The ability to buy a home is greatly influenced by the number of people who have degrees. £42,800 is the amount people in Archdeacon Newton 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 Archdeacon Newton, 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.
Is the crime rate bad in the city of Archdeacon Newton?
Within Archdeacon Newton, the number of people committing crimes is 84 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 84 figure carefully.
What are the asking prices for the houses for sale in the city of Archdeacon Newton?
The average asking price for the houses for sale in the city of Archdeacon Newton
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£153,449|
|Average asking price (3 bed)||£232,519|
|Average asking price (4 bed)||£323,659|
|Average asking price (5 bed)||£480,918|
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 Archdeacon Newton has a lack of supply of housing in certain categories.
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 Archdeacon Newton is £278,260.
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 Archdeacon Newton is useful when negotiating and knowing what to expect for every type of house for sale.