Brenkley 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 Brenkley.
On top of this, keep reading for detailed information on the demographics of Brenkley 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.
Asking price in Brenkley for a house for sale
Table showing the asking prices for houses for sale in Brenkley
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£152,257|
|Average asking price (3 bed)||£231,721|
|Average asking price (4 bed)||£348,363|
|Average asking price (5 bed)||no relevant data for this city|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Brenkley and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.
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 Brenkley 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 £248,529.
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 Brenkley.
Why you should consider the average rental yield when searching for houses for sale in Brenkley
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 Brenkley.
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)|
|Brenkley||4.5%||£942||no relevant data for this city||15.0%|
|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 Brenkley which is 18 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 Brenkley is to invest in. Both in terms of rental yield and capital appreciation.
What is the growth in the housing market of Brenkley?
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 Brenkley that shows the growth in recent years.
|1 year||3 years||5 years|
|Brenkley growth rate||-15%||-1%||3%|
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 Brenkley is important.
What are the people like in Brenkley?
How much are those living in Brenkley earning?
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 Brenkley. Compare the area’s average household income of £38,800 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 20% for more conclusive data on the affluence of the area.
Do the people of Brenkley get to enjoy green space?
Whether you view green space in Brenkley 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 Brenkley, the number of acres of green space for every 1000 people currently is 22.4 which can be measured against the UK average of 1.7.
In Brenkley, what are the deprivation levels like?
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 Brenkley is 23%.
Have the people of Brenkley grown in numbers?
In total, the number of people in Brenkley is 12,434. 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 Brenkley, depending on where exactly you are.
How has Brenkley 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 Brenkley has changed by 5%. 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 5% 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 Brenkley?
8% 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 Brenkley 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.
In Brenkley, how educated are people in general?
The number of people as a percentage who have been through university and gained a degree is 30%. The ability to buy a home is greatly influenced by the number of people who have degrees. £38,800 is the amount people in Brenkley 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 Brenkley, 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 Brenkley?
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 Brenkley, the percentage of people in the two highest categories, A and B is 20%. 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 £38,800. This income will generally get bigger as the percentage of people in the A and B categories go up too (20%).
The city of Brenkley, situated in Tyne and Wear, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Brenkley 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 Brenkley. So, taking a good look at the data is essential to understand the area you are considering to buy in.
What’s crime like in Brenkley?
Within Brenkley, the number of people committing crimes is 95 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 95 figure carefully.
In Brenkley, what do houses for sale tend to sell for?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Brenkley. In Brenkley, this sale price works out to be £231,057. As an example, a factor like population growth over the last 10 years which works out to be 8% in Brenkley and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£305,875|
|Average sold price (semi-detached)||£186,241|
|Average sold price (terraced)||£165,817|
|Average sold price (flat)||£119,199|
Above, the exact type of house is also shown to vary in price in a table in Brenkley. 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||£2,180|
|Average sold price/sqft (new build)||£2,270|
|Average sold price/sqft (old stock)||£2,030|
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 Brenkley which is £2,180. 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.
Invest in houses for sale in Brenkley with the right professional advice
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
A house for sale appropriate to your needs
What parameters impact the final price of a house for sale in Brenkley?
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.
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 Brenkley:
- Cullercoats in North East
- Crigglestone in North East
- Longbenton in North East
- Fellgate in North East
- Bowburn in North East
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK