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 Black Callerton, Tyne and Wear.
From the average asking price of houses for sale in Black Callerton to the growth of the population in the area, all will be talked about regarding the city of Black Callerton. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Why you should consider the average rental yield when searching for houses for sale in Black Callerton
What is the growth in the housing market of Black Callerton?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Black Callerton that shows the growth in recent years.
|1 year||3 years||5 years|
|Black Callerton growth rate||1%||15%||19%|
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Black Callerton is important.
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 Black Callerton.
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 (Tyne and Wear) as well as the broader region; North East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Black Callerton||5.0%||£747||no relevant data for this city||24.0%|
|Tyne and Wear||5.54%||£749||138.20%||21.54%|
Also, you can compare other data to the table above such as the number of houses sold per month in Black Callerton 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 Black Callerton is to invest in. Both in terms of rental yield and capital appreciation.
What is the final sale price of a house in Black Callerton?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Black Callerton. In Black Callerton, this sale price works out to be £146,827. As an example, a factor like population growth over the last 10 years which works out to be 11% in Black Callerton and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£232,191|
|Average sold price (semi-detached)||£149,681|
|Average sold price (terraced)||£123,809|
|Average sold price (flat)||£75,757|
Above, the exact type of house is also shown to vary in price in a table in Black Callerton. 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||£1,710|
|Average sold price/sqft (new build)||£2,030|
|Average sold price/sqft (old stock)||£1,570|
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 Black Callerton which is £1,710. 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 Black Callerton?
What is the population of Black Callerton?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Black Callerton if 48,341 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 Black Callerton such as rental yield or house appreciation.
How has the population size of Black Callerton adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Black Callerton by 6%. 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 6% 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 Black Callerton?
In the last decade, the population of Black Callerton has been adjusted by 11%. 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.
Is there sufficient green space in Black Callerton?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Black Callerton currently has 14.2 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Black Callerton in this case.
In Black Callerton, what is the social grade score?
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 Black Callerton in grades A or B which are the highest skilled roles in the country is 11%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £32,700 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 11%.
How much are those living in Black Callerton earning?
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 £32,700.
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 Black Callerton this figure is 11%.
In Black Callerton, what is the crime rate?
For the city of Black Callerton, crime rate is at 143. So for every 1000 people in the area, 143 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.
Are the deprivation levels of the UK any different to Black Callerton?
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 Black Callerton, in particular, the deprivation levels are 33%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
In Black Callerton, how educated are people in general?
The number of people as a percentage who have been through university and gained a degree is 16%. The ability to buy a home is greatly influenced by the number of people who have degrees. £32,700 is the amount people in Black Callerton 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 Black Callerton, 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.
Black Callerton within Tyne and Wear is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Black Callerton will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North East). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Black Callerton.
What is the asking price on average of houses for sale in Black Callerton?
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 Black Callerton 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 £181,078.
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 Black Callerton.
Table showing the asking prices for houses for sale in Black Callerton
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£145,057|
|Average asking price (3 bed)||£180,723|
|Average asking price (4 bed)||£324,346|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Black Callerton, 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 £0 will help them to have a more wholistic understanding.
Professional advice for houses for sale in Black Callerton
Choose the right house for sale that suits your needs
What parameters impact the final price of a house for sale in Black Callerton?
Here below is our list with the most important ones:
- House for sale affordability – check out the (see house affordability guide)on the UK gov website to know more
- House Location – the actual location of a house for sale drastically changes the final price of a property
- Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
- Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
- Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
- Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
- Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
- Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
- Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
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 the same UK region
Below is a town with a similar location to Black Callerton.
Reading these analyses will help you evaluate the different houses for sale currently listed in North East:
- Scotton in North East
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.