As a landlord, whenever you are looking at houses for sale in Tyne and Wear, you could find varying prices throughout an area like Cleadon. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Cleadon to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Cleadon will be revealed. Keep reading.
In Cleadon, what do houses for sale tend to sell for?
For the city of Cleadon, the average price a house sells for is £180,908. This value usually depends on the exact location of the house within Cleadon as well as other factors like the population growth in Cleadon which is 1% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £401,778 |
| Aerage sold price (semi-detached) | £191,047 |
| Aerage sold price (terraced) | £139,606 |
| Aerage sold price (flat) | £112,247 |
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Cleadon.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,890 |
| Aerage sold price/sqft (new build) | £2,510 |
| Aerage sold price/sqft (old stock) | £1,800 |
Generalising the bottom table, the average value per square foot of a house for sale is £1,890. This value averages all of the types of houses for sale in Cleadon. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Cleadon.
How are rental yields of the houses for sale different to the rest of the UK in Cleadon?
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 Cleadon 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 Cleadon.
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) | |
|---|---|---|---|---|
| Cleadon | 3.5% | £681 | no relevant data for this city | 15.0% |
| Tyne and Wear | 5.54% | £749 | 138.20% | 21.54% |
| North East | 4.67% | £757 | 123.96% | 19.25% |
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 Cleadon.
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 (21) will be useful.
Is the housing market in Cleadon growing?
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 Cleadon that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Cleadon growth rate | -8% | 17% | 17% |
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 Cleadon is important.
On average, what is the figure for the asking price of a house for sale in Cleadon?
On average, in Cleadon, the asking price for a house for sale in the area is £235,627.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Cleadon. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
The average asking price for the houses for sale in the city of Cleadon
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £168,392 |
| Average asking price (3 bed) | £236,241 |
| Average asking price (4 bed) | £379,713 |
| 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 Cleadon has a lack of supply of housing in certain categories.
In Cleadon, what are the demographics like?
In Cleadon, 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 Cleadon 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 Cleadon, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 24%.
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 |
How much green space is available to residents of Cleadon?
Whether you view green space in Cleadon 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 Cleadon, the number of acres of green space for every 1000 people currently is 8.5 which can be measured against the UK average of 1.7.
Cleadon 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 Cleadon 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 Cleadon, 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.
How deprived is the population of Cleadon?
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 Cleadon is 23%.
How much do people in Cleadon 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 Cleadon, the average income is £38,100. 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 24% to decide on what the demographics are like in the area.
Is the education level of Cleadon important when buying a house?
In the city of Cleadon, 28% 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 Cleadon is £38,100.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In Cleadon, how has the population changed?
The city of Cleadon has a total population of 30,268. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Cleadon is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Cleadon
Over time, in the last five years, the population of the city of Cleadon has changed by 1%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 1% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Cleadon?
In the last 10 years, there has been a shift in the population of 1%.
Comparing this to the 5 year figure of Cleadon can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
What’s crime like in Cleadon?
The crime rate of Cleadon 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 88, 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 (88) is both useful and is recommended to be compared to the average.
Get professional help on the houses for sale in Cleadon
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
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 Cleadon:
- Annfield-Plain in North East
- Newcastle-Upon-Tyne in North East
- Ainthorpe in North East
- Stamford-Bridge in North East
- Austhorpe in North East
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
Invest in a house for sale that meets your demands
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Cleadon.
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Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
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Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
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Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
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EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
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Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
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Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
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