As a landlord, whenever you are looking at houses for sale in Northumberland, you could find varying prices throughout an area like Belford. 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 Belford 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 Belford will be revealed. Keep reading.
In Belford, what do houses for sale tend to sell for?
In Belford, the average sale price of a house for sale is in fact £204,106. This is dependent on the 10 year population growth of Belford being 3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Belford.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£244,240|
|Aerage sold price (semi-detached)||£150,998|
|Aerage sold price (terraced)||£147,147|
|Aerage sold price (flat)||no relevant data for this city|
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 Belford.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,870|
|Aerage sold price/sqft (new build)||£1,750|
|Aerage sold price/sqft (old stock)||£1,740|
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 £1,870. This means if you are just looking out the houses sold in Belford in general and didn’t take into consideration the type of build. For example, a new build.
Finding the ideal house for sale for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Belford
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.
What kind of demographics does the city of Belford have?
For the city of Belford, what is the education level?
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. £35,100.00 is the amount people in Belford 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 Belford, 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 a social grade score and how does this relate to Belford?
In the city of Belford and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Belford has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 15%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
|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 Belford, what are the deprivation levels like?
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 Belford should give you a nice idea of the deprivation in the area.
In the city of Belford, has the population grown or shrunk?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Belford if 1813 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Belford such as rental yield or house appreciation.
How has the population size of Belford adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Belford by 2%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 2% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Belford?
In the last decade, the population of Belford has been adjusted by 3%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
Belford in the county of Northumberland 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 Belford 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 Belford, 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.
How much do people in Belford 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 £35,100.00.
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 Belford this figure is 15%.
In Belford, what is the crime rate?
For the city of Belford, crime rate is at 4100%. So for every 1000 people in the area, 4100% commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
In the city of Belford, how much green space remains for residents?
Whether you view green space in Belford 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 Belford, the number of acres of green space for every 1000 people currently is 53 which can be measured against the UK average of 1.7.
Advice from experts on properties for sale in Belford
Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.
Below, you can find a list of professionals that come in handy when looking for houses for sale:
- Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
- Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
- Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
- Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
- Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
- Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment
House for sale in a different UK region
If you are looking for a list of cities that are different to the City of Belford and in different UK region to North East. You might want to consider these as alternatives for your next real estate investment:
- ashfield in North East
- heanor in North East
- hazelslade in North East
- boughton in North East
- braithwell in North East
Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.
Always consider average rental yield when searching for houses for sale in Belford
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 Belford. 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 Belford.
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 (Northumberland), a regional level (North East) and finally on the level of the city talked about in this article, Belford.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Belford||no relevant data for this city||no relevant data for this city||no relevant data for this city||£0|
You may also find it useful to compare the data above to the number of properties sold per month Belford experiences. This figure for house sales per month is nan. 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 Belford growing?
The growth of an area like Belford can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
|1 year||3 years||5 years|
|Belford growth rate||no relevant data for this city||no relevant data for this city||no relevant data for this city|
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Belford if you want to find out the exact reasons for the housing change.
In Belford, what is the asking price in general for a house for sale?
In the city of Belford, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||no relevant data for this city|
|Average asking price (3 bed)||no relevant data for this city|
|Average asking price (4 bed)||no relevant data for this city|
|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 Belford 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 Belford is £318,967.
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 Belford is useful when negotiating and knowing what to expect for every type of house for sale.
FAQ (Frequently Asked Questions)
Is it possible to renovate a property in Belford?
Amidst the urban landscape of Belford, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 2 and on the other hand, there is a planning success rate of 87%. It is also useful to take into consideration the population size of the area (1813).
How many property sales occur per month in Belford?
In the city of Belford, there are nan and in the total for the UK, there are around 1.1 million property sales.
In a city like Belford, what’s the yearly fluctuation in population?
When evaluating the population trajectory of Belford, explore the decade-spanning population shift of 3% and the five-year modification of population of 2%. By drawing comparisons, see if demographic changes in your chosen area is
prices for houses on sale in the broader vicinity of Belford?
Currently, the mean asking price of a house in Belford is £0, calculated using the average value per square foot
Is investing in a house for sale in Belford a financially demanding choice?
Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Belford, this figure stands at £204,106, while the UK average is £286,500.