East Boldon 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 East Boldon.
On top of this, keep reading for detailed information on the demographics of East Boldon 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 East Boldon, what do houses for sale tend to sell for?
In East Boldon, the average sale price of a house for sale is in fact £196,752. This is dependent on the 10 year population growth of East Boldon being 2%. Growing populations are more likely to inflate the prices of houses for sale in the city of East Boldon.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£322,506|
|Aerage sold price (semi-detached)||£183,377|
|Aerage sold price (terraced)||£176,255|
|Aerage sold price (flat)||£133,778|
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in East Boldon.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,950|
|Aerage sold price/sqft (new build)||£2,060|
|Aerage sold price/sqft (old stock)||£1,900|
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £1,950. This means if you are just looking out the houses sold in East Boldon in general and didn’t take into consideration the type of build. For example, a new build.
What is the asking price on average of houses for sale in East Boldon?
Average price of houses for sale in East Boldon
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£164,513|
|Average asking price (3 bed)||£286,635|
|Average asking price (4 bed)||no relevant data for this city|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in East Boldon, 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.
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 East Boldon 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 £262,304.
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 East Boldon.
How are rental yields of the houses for sale different to the rest of the UK in East Boldon?
In East Boldon, how has the number of houses changed?
Whenever you are thinking about looking for houses for sale in East Boldon, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|East Boldon growth rate||-15%||5%||6%|
As the population of East Boldon grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
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 East Boldon. 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 East Boldon.
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, East Boldon.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|East Boldon||no relevant data for this city||no relevant data for this city||no relevant data for this city||14.0%|
|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 East Boldon experiences. This figure for house sales per month is 5. 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.
In East Boldon, what are the demographics like?
What’s crime like in East Boldon?
Within East Boldon, the number of people committing crimes is 69 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 69 figure carefully.
East Boldon 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 East Boldon 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 East Boldon, 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.
What is the social grade score of East Boldon?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.
The number of people in East Boldon in grades A or B which are the highest skilled roles in the country is 30%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £42,000 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 30%.
For the city of East Boldon, what is the education level?
In the city of East Boldon, 17% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of East Boldon is £42,000. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
Have the people of East Boldon grown in numbers?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of East Boldon is 6,839.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of East Boldon.
In East Boldon, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 2%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of East Boldon is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (2%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
East Boldon population difference over 10 years?
The population has adjusted in the area of East Boldon by 2% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in East Boldon.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
In the city of East Boldon, how much green space remains for residents?
Whether you view green space in East Boldon 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 East Boldon, the number of acres of green space for every 1000 people currently is 28.7 which can be measured against the UK average of 1.7.
Are the deprivation levels of the UK any different to East Boldon?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In East Boldon, currently, 32% 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.
Are the people in East Boldon earning a lot?
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 East Boldon. Compare the area’s average household income of £42,000 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 30% for more conclusive data on the affluence of the area.
Who can help you buy a house for sale in East Boldon?
A house for sale appropriate to your needs
What parameters impact the final price of a house for sale in East Boldon?
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?
See here below a list of cities in the same UK region of East Boldon which is North East. You might want to consider these as alternatives for your next real estate investment:
- Great-Preston in North East
- Bulmer in North East
- Easington in North East
- Acklam in North East
- Dewsbury-Moor in North East
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
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