Whenever looking for a house for sale in the UK or in Cold Hesledon, 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 Cold Hesledon.
In this article, we will be looking at the city of Cold Hesledon in detail so you know how to navigate the area and have a better understanding on where to invest.
How are rental yields of the houses for sale different to the rest of the UK in Cold Hesledon?
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 Cold Hesledon.
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 (Durham) as well as the broader region; North East.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Cold Hesledon | 5.0% | £559 | 140% | 23.0% |
| Durham | 4.93% | £607 | 132.62% | 16.57% |
| North East | 4.67% | £757 | 123.96% | 19.25% |
Also, you can compare other data to the table above such as the number of houses sold per month in Cold Hesledon which is 23 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 Cold Hesledon is to invest in. Both in terms of rental yield and capital appreciation.
Are there new houses being built in Cold Hesledon to make it grow?
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 Cold Hesledon at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Cold Hesledon growth rate | -13% | -3% | 12% |
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 Cold Hesledon 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 Cold Hesledon.
In Cold Hesledon, what do houses for sale tend to sell for?
As well as looking at the asking price for house for sale in Cold Hesledon, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Cold Hesledon.
Houses for sale, are sold on average in Cold Hesledon, after the influence of these factors, at £117,343 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 4% over the last 10 years.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £232,621 |
| Aerage sold price (semi-detached) | £120,761 |
| Aerage sold price (terraced) | £81,074 |
| Aerage sold price (flat) | £76,727 |
This table above shows the average sale price for each variation of houses for sale in Cold Hesledon.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,300 |
| Aerage sold price/sqft (new build) | £1,900 |
| Aerage sold price/sqft (old stock) | £1,220 |
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Cold Hesledon is £1,300.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
What are the asking prices for the houses for sale in the city of Cold Hesledon?
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 Cold Hesledon 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 £134,496.
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 Cold Hesledon.
Average asking prices for houses for sale in Cold Hesledon
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £97,706 |
| Average asking price (3 bed) | £150,751 |
| Average asking price (4 bed) | £244,908 |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Cold Hesledon, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 wholistic understanding.
What kind of demographics does the city of Cold Hesledon have?
In Cold Hesledon, how has the population changed?
Population growth in Cold Hesledon 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 Cold Hesledon, 31,175 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 Cold Hesledon 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 Cold Hesledon, this change has been 3%. 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 3%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Cold Hesledon?
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 4% in Cold Hesledon.
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.
Is the city of Cold Hesledon deprived?
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 Cold Hesledon is 36%.
What is a social grade score and how does this relate to Cold Hesledon?
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 Cold Hesledon, the percentage of people in the two highest categories, A and B is 12%. 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 £33,100. This income will generally get bigger as the percentage of people in the A and B categories go up too (12%).
Is there sufficient green space in Cold Hesledon?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Cold Hesledon currently has 16.3 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Cold Hesledon in this case.
How educated are the people in Cold Hesledon?
In the city of Cold Hesledon, 16% 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 Cold Hesledon is £33,100.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What’s crime like in Cold Hesledon?
In Cold Hesledon, for every 1000 people, there is currently a crime rate of 113. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (113 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
Cold Hesledon in the county of Durham 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 Cold Hesledon 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 Cold Hesledon, 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 much do people in Cold Hesledon earn?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£33,100 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 12% for Cold Hesledon.
Get professional help on the houses for sale in Cold Hesledon
Invest in a house for sale that meets your demands
What parameters impact the final price of a house for sale in Cold Hesledon?
Here below is our list with the most important ones:
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House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
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House Location – the actual location of a house for sale drastically changes the final price of a property
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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.
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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.
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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.
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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
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Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
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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.
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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?
Below are a list of towns with a similar location to Cold Hesledon.
Reading these analysis will help you evaluate the different houses for sale currently listed in North East:
- Bowburn in North East
- Bebside in North East
- Langbar in North East
- Alverthorpe in North East
- Fylingthorpe in North East
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
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
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