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How much will you pay for a house for sale in Hedley on the Hill?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North East $ How much will you pay for a house for sale in Hedley on the Hill?

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As a landlord, whenever you are looking at houses for sale in Northumberland, you could find varying prices throughout an area like Hedley on the Hill. 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 Hedley on the Hill 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 Hedley on the Hill will be revealed. Keep reading.

What are the people like in Hedley on the Hill?

How much do people in Hedley on the Hill earn?

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 (42%). 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 Hedley on the Hill, this works out to be £45,600.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

How deprived is the population of Hedley on the Hill?

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 Hedley on the Hill should give you a nice idea of the deprivation in the area.

What does the population of Hedley on the Hill look like?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Hedley on the Hill if 4533 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Hedley on the Hill such as rental yield or house appreciation.

How has the population size of Hedley on the Hill adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Hedley on the Hill by 2%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 2% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Hedley on the Hill?

In the last decade, the population of Hedley on the Hill has been adjusted by 3%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

In Hedley on the Hill, how educated are people in general?

In the city of Hedley on the Hill, 34% 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 Hedley on the Hill is £45,600.00. 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.

The city of Hedley on the Hill, situated in Northumberland, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Hedley on the Hill and its demographics will be compared to its wider location (North East). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Hedley on the Hill. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Do the people of Hedley on the Hill get to enjoy green space?

Whether you view green space in Hedley on the Hill 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 Hedley on the Hill, the number of acres of green space for every 1000 people currently is 31 which can be measured against the UK average of 1.7.

What is the social grade score of Hedley on the Hill?

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 Hedley on the Hill in grades A or B which are the highest skilled roles in the country is 42%.

Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £45,600.00 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 42%.

In Hedley on the Hill, what is the crime rate?

The crime rate of Hedley on the Hill 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 2200%, 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 (2200%) is both useful and is recommended to be compared to the average.

Always consider average rental yield when searching for houses for sale in Hedley on the Hill

What is the growth in the housing market of Hedley on the Hill?

The growth of an area like Hedley on the Hill 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
Hedley on the Hill growth rate -2% 40% 41%

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 Hedley on the Hill if you want to find out the exact reasons for the housing change.

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. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.

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 into all the details of Hedley on the Hill.

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 (Northumberland) as well as the broader region; North East.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Hedley on the Hill no relevant data for this city no relevant data for this city no relevant data for this city £0
Northumberland 4.28% £659.40 106.75% 18.57%
North East 0.05 757.25 £1 19.25%

Also, you can compare other data to the table above such as the number of houses sold per month in Hedley on the Hill which is 6 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 Hedley on the Hill is to invest in. Both in terms of rental yield and capital appreciation.

Who can help you buy a house for sale in Hedley on the Hill?

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

On average, what is the figure for the asking price of a house for sale in Hedley on the Hill?

Average price of houses for sale in Hedley on the Hill

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) no relevant data for this city
Average asking price (3 bed) no relevant data for this city
Average asking price (4 bed) no relevant data for this city
Average asking price (5 bed) no relevant data for this city

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Hedley on the Hill is £0. This should show you the general prices overall and for individual types of houses too.

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 Hedley on the Hill is £329,826.

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 Hedley on the Hill is useful when negotiating and knowing what to expect for every type of house for sale.

In general, for the city of Hedley on the Hill, what are the final purchase prices for the houses for sale?

In Hedley on the Hill, the average sale price of a house for sale is in fact £322,244. This is dependent on the 10 year population growth of Hedley on the Hill being 3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Hedley on the Hill.

Housing category Total final sale price
Aerage sold price (detached) £449,863
Aerage sold price (semi-detached) £251,113
Aerage sold price (terraced) £160,268
Aerage sold price (flat) no relevant data for this city

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 Hedley on the Hill.

Housing category Sale price per square foot
Aerage sold price/sqft £2,180
Aerage sold price/sqft (new build) £2,570
Aerage sold price/sqft (old stock) £2,090

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 £2,180. This means if you are just looking out the houses sold in Hedley on the Hill in general and didn’t take into consideration the type of build. For example, a new build.

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 Hedley on the Hill 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:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.

Choose the right house for sale that suits your needs

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 Hedley on the Hill.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)

  • 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.

  • 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.

  • 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.

  • 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.

  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

  • 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

  • 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.

FAQ (Frequently Asked Questions)

Are there opportunities for property renovation in Hedley on the Hill?

Amidst the urban landscape of Hedley on the Hill, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 3 and on the other hand, there is a planning success rate of nan. It is also useful to take into consideration the population size of the area (4533).

What is the monthly count of property transactions in Hedley on the Hill?

The city of Hedley on the Hill sees around 6 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.

What’s the annual population shift in a city such as Hedley on the Hill?

To work out how the population of Hedley on the Hill has changed over time, you can look at the population change over a decade which is 3% and the change in a five year period two which falls at 2%. 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 Hedley on the Hill?

The average cost per square foot for a house in Hedley on the Hill is presently £0.

Would acquiring a house for sale in Hedley on the Hill be regarded as a high-priced option?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Hedley on the Hill, this figure stands at £322,244, while the UK average is £286,500.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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