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 houses for sale in the UK, that are worth investing in for the long term too.
Always consider average rental yield when searching for houses for sale in Brenkley
Are there more or fewer houses being built in Brenkley?
The growth of an area like Brenkley 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|
|Brenkley growth rate||-15%||-1%||3%|
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 Brenkley if you want to find out the exact reasons for the housing change.
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 Brenkley this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (North East) alongside Tyne and Wear 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 Brenkley.
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)|
|Brenkley||£0||£942||no relevant data for this city||£0|
|Tyne and Wear||5.54%||£749.28||138.20%||21.54%|
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 Brenkley.
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 (17) will be useful.
On average, what is the figure for the asking price of a house for sale in Brenkley?
Average price of 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|
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 Brenkley has a lack of supply of housing in certain categories.
When speaking about the city of Brenkley, £248,529 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 Brenkley 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.
What are the people like in Brenkley?
In Brenkley, what is the crime rate?
For every one thousand people living in Brenkley, 9500% commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 9500% is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
Are the deprivation levels of the UK any different to Brenkley?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Brenkley, 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 Brenkley, what is the social grade score?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Brenkley compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Brenkley, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 20%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|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|
Do the people of Brenkley get to enjoy 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 Brenkley, the city has 22 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 Brenkley.
Brenkley in the county of Tyne and Wear 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 Brenkley 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 Brenkley, 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.
Are the people in Brenkley earning a lot?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (20%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Brenkley, this works out to be £38,800.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Is the education level of Brenkley important when buying a house?
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. £38,800.00 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 does the population of Brenkley look like?
Population growth in Brenkley is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Brenkley, 12434 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Brenkley in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Brenkley, this change has been 5%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 5%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Brenkley?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 8% in Brenkley.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
In general, what do houses for sale sell for in Brenkley?
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.
A house for sale that is right for you
When browsing houses for sale in Brenkley you should think about lots of different criteria:
House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
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.
Get professional help on the houses for sale in Brenkley
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
Thinking of a different city and perhaps a different location?
We have prepared a list of cities that are entirely dissimilar to the region of North East, perfect if you are looking for somewhere similar to Brenkley but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:
- bodelwyddan in North East
- colchester in North East
- bristol in North East
- aintree in North East
- boughton in North East
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.
Frequently Asked Questions (FAQ)
Do properties in Brenkley have the potential for renovation?
Properties in the city of Brenkley may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 6 approvals every month with an approval of nan based on a population of 12434. Compare other places in the UK to make this figure make more sense.
What is the monthly count of property transactions in Brenkley?
In the city of Brenkley, there are 17 and in the total for the UK, there are around 1.1 million property sales.
In a city like Brenkley, what’s the yearly fluctuation in population?
To work out how the population of Brenkley has changed over time, you can look at the population change over a decade which is 8% and the change in a five year period two which falls at 5%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population
What is the asking price for houses for sale in the wider region of Brenkley?
In Brenkley, the mean asking price per square foot for a house is currently £0, based on the average value per square foot
Is investing in a house for sale in Brenkley a financially demanding choice?
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 Brenkley this number is £231,057 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