Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in High Shields, Tyne and Wear.
From the average asking price of houses for sale in High Shields to the growth of the population in the area, all will be talked about regarding the city of High Shields. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What kind of demographics does the city of High Shields have?
In High Shields, how has the population changed?
The city of High Shields has a total population of 27,331. 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 High Shields 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 High Shields
Over time, in the last five years, the population of the city of High Shields has changed by 2%. 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 2% 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 High Shields?
In the last 10 years, there has been a shift in the population of 2%.
Comparing this to the 5 year figure of High Shields 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.
Located in Tyne and Wear is the city of High Shields, 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 High Shields 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 High Shields 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.
In High Shields, what are the deprivation levels like?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of High Shields is 30% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
Are the people in High Shields 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.
£30,900 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 13% for High Shields.
What’s crime like in High Shields?
For the city of High Shields, crime rate is at 217. So for every 1000 people in the area, 217 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
What is the city of High Shields’s social grade score?
In the city of High Shields and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of High Shields has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 13%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
|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 High Shields?
In the city of High Shields, there are 7.7 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where High Shields is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What is the education level like in High Shields?
In the city of High Shields, 21% 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 High Shields is £30,900.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What are the asking prices for the houses for sale in the city of High Shields?
Table showing the asking prices for houses for sale in High Shields
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£96,184|
|Average asking price (3 bed)||£138,736|
|Average asking price (4 bed)||£215,895|
|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 High Shields 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.
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 High Shields 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 £116,003.
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 High Shields.
In general, for the city of High Shields, what are the final purchase prices for the houses for sale?
In High Shields, houses for sale are sold at an average of £116,697. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in High Shields. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£240,500|
|Aerage sold price (semi-detached)||£174,945|
|Aerage sold price (terraced)||£132,942|
|Aerage sold price (flat)||£80,090|
As you can see above, for High Shields, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 2% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,230|
|Aerage sold price/sqft (new build)||£1,560|
|Aerage sold price/sqft (old stock)||£1,190|
Looking at the second table about High Shields, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in High Shields is £1,230.
Always consider average rental yield when searching for houses for sale in High Shields
What is the growth in the housing market of High Shields?
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 High Shields that shows the growth in recent years.
|1 year||3 years||5 years|
|High Shields growth rate||-4%||no relevant data for this city||6%|
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 High Shields is important.
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of High Shields, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; North East. As well as Tyne and Wear, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|High Shields||6.0%||£578||no relevant data for this city||13.0%|
|Tyne and Wear||5.54%||£749||138.20%||21.54%|
Assuming that in the future you want to re-sell the house you will eventually purchased in High Shields you might be interested in the number of sales per month (23) that happen in the local housing market. Comparing this figure for High Shields with the above table gives you a good understanding of the profitability of the area.