As a landlord, whenever you are looking at houses for sale in Tyne and Wear, you could find varying prices throughout an area like Hebburn. 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 Hebburn 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 Hebburn will be revealed. Keep reading.
In Hebburn, what are the rental yields?
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 Hebburn 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 Hebburn.
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)|
|Hebburn||no relevant data for this city||no relevant data for this city||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 Hebburn.
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 (16) will be useful.
Are there new houses being built in Hebburn 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 Hebburn at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Hebburn growth rate||-1%||-10%||-7%|
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 Hebburn 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 Hebburn.
Get professional help on the houses for sale in Hebburn
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 that is right for you
What parameters impact the final price of a house for sale in Hebburn?
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.
What are the people like in Hebburn?
Are the people in Hebburn earning a lot?
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.
£32,400.00 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 Hebburn.
What is the social grade score of Hebburn?
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 Hebburn 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 Hebburn, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 12%.
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|
Is the education level of Hebburn important when buying a house?
In Hebburn, the proportion of people who have a degree is 17%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Hebburn is £32,400.00.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
Is the crime rate bad in the city of Hebburn?
Within Hebburn, the number of people committing crimes is 12300% 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 12300% figure carefully.
Is there sufficient green space in Hebburn?
Whether you view green space in Hebburn 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 Hebburn, the number of acres of green space for every 1000 people currently is 20 which can be measured against the UK average of 1.7.
Located in Tyne and Wear is the city of Hebburn, in a large part of the UK; North East. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Hebburn has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Hebburn which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
How deprived is the population of Hebburn?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of £0 for Hebburn should give you a nice idea of the deprivation in the area.
What does the population of Hebburn look like?
In total, the number of people in Hebburn is 19774. 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 Hebburn, depending on where exactly you are.
How has Hebburn 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 Hebburn has changed by 2%. 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 2% 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 Hebburn?
2% 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 Hebburn 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 Hebburn, what do houses for sale tend to sell for?
As well as looking at the asking price for house for sale in Hebburn, 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 Hebburn.
Houses for sale, are sold on average in Hebburn, after the influence of these factors, at £149,168 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 2% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£247,745|
|Aerage sold price (semi-detached)||£142,366|
|Aerage sold price (terraced)||£122,343|
|Aerage sold price (flat)||£67,415|
This table above shows the average sale price for each variation of houses for sale in Hebburn.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,710|
|Aerage sold price/sqft (new build)||£2,100|
|Aerage sold price/sqft (old stock)||£1,390|
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 Hebburn is £1,710.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
On average, what is the figure for the asking price of a house for sale in Hebburn?
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Hebburn is £166,713.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Hebburn is useful when negotiating and knowing what to expect for every type of house for sale.
In the city of Hebburn, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£106,353|
|Average asking price (3 bed)||£177,662|
|Average asking price (4 bed)||£306,374|
|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 Hebburn 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.
Are you considering other cities with houses for sale?
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 Hebburn 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:
- doncaster in North East
- queenborough in North East
- hedley-on-the-hill in North East
- watford in North East
- coalsnaughton 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
Do properties in Hebburn offer renovation potential?
Every single month in Hebburn, there are 1 planning applications, of which nan result in a success. Look at this in terms of the population size of 19774 to work out if you think you’d have good planning success if you were to renovate.
On a monthly basis, how many property transactions take place in Hebburn?
16 property transactions are reported in Hebburn each month, alongside a broader picture of approximately 1.1 million property sales across the UK.
What’s the year-over-year population change in Hebburn or similar cities?
To assess the shifts in Hebburn’s population over time, analyse how the population has altered. Look at the ten year change of population of 2%, alongside the five-year change of 2%.
How much are houses for sale priced at in the extended region of Hebburn?
The current average price per square foot for a house in Hebburn stands at £0, considering the mean cost for each square foot of houses for sale there.
Is a house for sale in Hebburn an expensive choice?
Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Hebburn, this stands at £149,168, whereas the UK’s mean is £286,500.