fbpx

What is it like buying a house in Bedlington?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North East $ What is it like buying a house in Bedlington?

Bedlington might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Northumberland.
Before looking for a house for sale in the city of Bedlington we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Bedlington.

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

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Bedlington. In Bedlington, this sale price works out to be £136,939. As an example, a factor like population growth over the last 10 years which works out to be 3% in Bedlington and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £226,841
Average sold price (semi-detached) £118,208
Average sold price (terraced) £93,274
Average sold price (flat) £50,192

Above, the exact type of house is also shown to vary in price in a table in Bedlington. 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 £1,470
Average sold price/sqft (new build) £2,040
Average sold price/sqft (old stock) £1,350

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 Bedlington which is £1,470. 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.

Are there any important statistics about the population of Bedlington?

In Bedlington, what is the social grade score?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Bedlington, the percentage of people in the two highest categories, A and B is 14%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £35,300. This income will generally get bigger as the percentage of people in the A and B categories go up too (14%).

In Bedlington, how educated are people in general?

In Bedlington, the proportion of people who have a degree is 19%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Bedlington is £35,300.

This figure for average household income usually goes up alongside the percentage of people who have degrees.

However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.

Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.

Have the people of Bedlington grown in numbers?

Population growth in Bedlington is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Bedlington, 18,093 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Bedlington in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Bedlington, this change has been 2%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 2%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Bedlington?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 3% in Bedlington.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

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

In the below headings, the city of Bedlington and its demographics will be compared to its wider location (North East). 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 Bedlington. So, taking a good look at the data is essential to understand the area you are considering to buy in.

What’s the crime rate in Bedlington?

In Bedlington, for every 1000 people, there is currently a crime rate of 132. 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 (132 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.

Do the people of Bedlington get to enjoy green space?

Whether you view green space in Bedlington 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 Bedlington, the number of acres of green space for every 1000 people currently is 29.8 which can be measured against the UK average of 1.7.

Is the city of Bedlington 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 Bedlington is 27%.

How much do people in Bedlington earn?

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 (14%). 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 Bedlington, this works out to be £35,300. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

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

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.

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 in to all the details of Bedlington.

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 (Northumberland) as well as the broader region; North East.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Bedlington no relevant data for this city no relevant data for this city no relevant data for this city 27.0%
Northumberland 4.28% £659 106.75% 18.57%
North East 4.67% £757 123.96% 19.25%

Also, you can compare other data to the table above such as the number of houses sold per month in Bedlington which is 12 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 Bedlington is to invest in. Both in terms of rental yield and capital appreciation.

Is the housing market in Bedlington growing?

Whenever you are thinking about looking for houses for sale in Bedlington, 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
Bedlington growth rate -10% 2% 16%

As the population of Bedlington 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.

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

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 Bedlington 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 £155,610.

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 Bedlington.

Average price of houses for sale in Bedlington

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £88,595
Average asking price (3 bed) £165,940
Average asking price (4 bed) £290,479
Average asking price (5 bed) no relevant data for this city

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Bedlington is the right area to buy a house in for you.

Advice from experts on properties for sale in Bedlington

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.

Are you considering other cities with houses for sale?

You can assess the various houses for sale offered in the area by consulting this list of cities in North East, the same UK region as Bedlington:

You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK

A house for sale that is right for you

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Bedlington

  • affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)

  • Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.

  • Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.

  • Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.

  • EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.

  • Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase

  • Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?

  • Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.

  • 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.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *