- 1 We help you find the right agent
- 2 In general, what do houses for sale sell for in Blackhall Colliery?
- 3 Asking price in Blackhall Colliery for a house for sale
- 4 How are rental yields of the houses for sale different to the rest of the UK in Blackhall Colliery?
- 5 Who can help you buy a house for sale in Blackhall Colliery?
- 6 Invest in a house for sale that meets your demands
- 7 houses for sale in other cities and regions in the UK
- 8 What are the people like in Blackhall Colliery?
- 9 Frequently Asked Questions
Whenever looking for a house for sale in the UK or in Blackhall Colliery, 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 Blackhall Colliery.
In this article, we will be looking at the city of Blackhall Colliery in detail so you know how to navigate the area and have a better understanding on where to invest.
In general, what do houses for sale sell for in Blackhall Colliery?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Blackhall Colliery. In Blackhall Colliery, this sale price works out to be £116,014. As an example, a factor like population growth over the last 10 years which works out to be 4% in Blackhall Colliery and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£224,795|
|Average sold price (semi-detached)||£116,422|
|Average sold price (terraced)||£62,545|
|Average sold price (flat)||no relevant data for this city|
Above, the exact type of house is also shown to vary in price in a table in Blackhall Colliery. 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||£1,250|
|Average sold price/sqft (new build)||£1,970|
|Average sold price/sqft (old stock)||£1,200|
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 Blackhall Colliery which is £1,250. 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.
Asking price in Blackhall Colliery for a house for sale
Table showing the asking prices for houses for sale in Blackhall Colliery
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£92,899|
|Average asking price (3 bed)||£152,676|
|Average asking price (4 bed)||no relevant data for this city|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Blackhall Colliery, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that 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 holistic understanding.
When speaking about the city of Blackhall Colliery, £148,100 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 Blackhall Colliery 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.
How are rental yields of the houses for sale different to the rest of the UK in Blackhall Colliery?
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Blackhall Colliery this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (North East) alongside Durham then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Blackhall Colliery.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Blackhall Colliery||no relevant data for this city||no relevant data for this city||no relevant data for this city||£0|
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Blackhall Colliery.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (5) will be useful.
Are there more or fewer houses being built in Blackhall Colliery?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Blackhall Colliery at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Blackhall Colliery growth rate||-18%||-3%||3%|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Blackhall Colliery gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Blackhall Colliery.
Who can help you buy a house for sale in Blackhall Colliery?
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Blackhall Colliery.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
houses for sale in other cities and regions in the UK
If you are looking for a list of cities that are different to the City of Blackhall Colliery and in different UK region to North East. You might want to consider these as alternatives for your next real estate investment:
- heckmondwike in North East
- bassett in North East
- ordsall in North East
- ashover in North East
- sunderland 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.
What are the people like in Blackhall Colliery?
Is the education level of Blackhall Colliery important when buying a house?
In the city of Blackhall Colliery, 22% 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 Blackhall Colliery is £33,300.00.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In the city of Blackhall Colliery, is there a lot of green space?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Blackhall Colliery, the city has 34 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Blackhall Colliery.
What is the city of Blackhall Colliery’s 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 Blackhall Colliery in grades A or B which are the highest skilled roles in the country is 16%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £33,300.00 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 16%.
What’s the crime rate in Blackhall Colliery?
The crime rate of Blackhall Colliery must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 10800%, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (10800%) is both useful and is recommended to be compared to the average.
The city of Blackhall Colliery, situated in Durham, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Blackhall Colliery 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 Blackhall Colliery. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How deprived is the population of Blackhall Colliery?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Blackhall Colliery, currently, £0 people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
In the city of Blackhall Colliery, has the population grown or shrunk?
In total, the number of people in Blackhall Colliery is 12193. 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 Blackhall Colliery, depending on where exactly you are.
How has Blackhall Colliery 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 Blackhall Colliery 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 Blackhall Colliery?
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 Blackhall Colliery 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.
Are the people in Blackhall Colliery earning a lot?
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 Blackhall Colliery. Compare the area’s average household income of £33,300.00 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 16% for more conclusive data on the affluence of the area.
Frequently Asked Questions
Do properties in Blackhall Colliery have the potential for renovation?
Blackhall Colliery is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 3 each month, attaining a success rate of 92% and a total population of 12193. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place
How many property sales occur per month in Blackhall Colliery?
5 property transactions are reported in Blackhall Colliery each month, alongside a broader picture of approximately 1.1 million property sales across the UK.
In a city like Blackhall Colliery, what’s the yearly fluctuation in population?
For a comprehensive analysis of Blackhall Colliery’s population trends, observe the population fluctuation over a decade, indicated by 4%, and the five-year alteration represented by 2%. Perhaps also look at data from another nearby city too so you can see a comparison.
In the larger vicinity of Blackhall Colliery, what is the cost of houses available for sale?
The current average price per square foot for a house in Blackhall Colliery stands at £0, considering the mean cost for each square foot of houses for sale there.
Is purchasing a house in Blackhall Colliery considered a costly decision?
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 Blackhall Colliery this number is £116,014 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