Blakelaw can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Blakelaw.
On top of this, keep reading for detailed information on the demographics of Blakelaw in Tyne and Wear. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
In general, what do houses for sale sell for in Blakelaw?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Blakelaw. In Blakelaw, this sale price works out to be £131,268. As an example, a factor like population growth over the last 10 years which works out to be 11% in Blakelaw and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£273,580|
|Average sold price (semi-detached)||£158,330|
|Average sold price (terraced)||£139,650|
|Average sold price (flat)||£77,009|
Above, the exact type of house is also shown to vary in price in a table in Blakelaw. 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||£1,330|
|Average sold price/sqft (new build)||£1,730|
|Average sold price/sqft (old stock)||£1,290|
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 Blakelaw which is £1,330. 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.
What is the asking price on average of houses for sale in Blakelaw?
When investors make offers for houses for sale in Blakelaw, the average price asked by the homeowners works out to be £146,455.
In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.
Any house that looks like it is overpriced for the number of bedrooms it has in Blakelaw is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.
Average asking prices for houses for sale in Blakelaw
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£95,344|
|Average asking price (3 bed)||£159,476|
|Average asking price (4 bed)||£235,905|
|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 Blakelaw is the right area to buy a house in for you.
What’s the rental yield in general for the city of Blakelaw?
What is the growth in the housing market of Blakelaw?
The growth of an area like Blakelaw 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|
|Blakelaw growth rate||-2%||19%||8%|
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 Blakelaw if you want to find out the exact reasons for the housing change.
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 Blakelaw. 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 Blakelaw.
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 (Tyne and Wear), a regional level (North East) and finally on the level of the city talked about in this article, Blakelaw.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Blakelaw||6.7%||£819||no relevant data for this city||21.0%|
|Tyne and Wear||5.54%||£749||138.20%||21.54%|
You may also find it useful to compare the data above to the number of properties sold per month Blakelaw experiences. This figure for house sales per month is 13. 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.
What are the demographics like in the city of Blakelaw?
What is the city of Blakelaw’s social grade score?
In the city of Blakelaw, the social grade score of the area is 13%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Blakelaw.
|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|
Is the crime rate bad in the city of Blakelaw?
For the city of Blakelaw, crime rate is at 205. So for every 1000 people in the area, 205 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.
Is the education level of Blakelaw important when buying a house?
In the city of Blakelaw, 25% 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 Blakelaw is £29,600.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Blakelaw 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, Blakelaw 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 Blakelaw.
Is the city of Blakelaw deprived?
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 Blakelaw, in particular, the deprivation levels are 36%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
How much do people in Blakelaw earn?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Blakelaw, the average income is £29,600. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 13% to decide on what the demographics are like in the area.
In the city of Blakelaw, how much green space remains for residents?
In the city of Blakelaw, there are 8.6 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Blakelaw is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In Blakelaw, how has the population changed?
In total, the number of people in Blakelaw is 37,915. 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 Blakelaw, depending on where exactly you are.
How has Blakelaw 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 Blakelaw has changed by 6%. 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 6% 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 Blakelaw?
11% 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 Blakelaw 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.