Holywell 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 Holywell.
On top of this, keep reading for detailed information on the demographics of Holywell in Northumberland. 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.
Are there any important statistics about the population of Holywell?
Is there sufficient green space in Holywell?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Holywell, the city has 6.7 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Holywell.
Holywell within Northumberland is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Holywell will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North East). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Holywell.
Are the deprivation levels of the UK any different to Holywell?
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 Holywell is 20%.
Have the people of Holywell grown in numbers?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Holywell if 29,936 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 Holywell such as rental yield or house appreciation.
How has the population size of Holywell adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Holywell by 3%. 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 3% 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 Holywell?
In the last decade, the population of Holywell has been adjusted by 4%. 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 general, do people commit a lot of crime in Holywell?
The crime rate of Holywell 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 71, 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 (71) is both useful and is recommended to be compared to the average.
What is a social grade score and how does this relate to Holywell?
In the city of Holywell 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 Holywell has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 25%.
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 are those living in Holywell earning?
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.
£40,900 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 25% for Holywell.
What is the education level like in Holywell?
In the city of Holywell, 30% 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 Holywell is £40,900.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
How are rental yields of the houses for sale different to the rest of the UK in Holywell?
Are there more or fewer houses being built in Holywell?
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 Holywell that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Holywell growth rate | -10% | 2% | 8% |
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 Holywell is important.
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 Holywell. 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 Holywell.
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 (Northumberland), a regional level (North East) and finally on the level of the city talked about in this article, Holywell.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Holywell | 3.6% | £744 | 117% | 25.0% |
| Northumberland | 4.28% | £659 | 106.75% | 18.57% |
| North East | 4.67% | £757 | 123.96% | 19.25% |
You may also find it useful to compare the data above to the number of properties sold per month Holywell experiences. This figure for house sales per month is 24. 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 Holywell, what do houses for sale tend to sell for?
As well as looking at the asking price for house for sale in Holywell, 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 Holywell.
Houses for sale, are sold on average in Holywell, after the influence of these factors, at £209,166 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) | £341,471 |
| Aerage sold price (semi-detached) | £197,592 |
| Aerage sold price (terraced) | £186,581 |
| Aerage sold price (flat) | £111,078 |
This table above shows the average sale price for each variation of houses for sale in Holywell.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,190 |
| Aerage sold price/sqft (new build) | £2,360 |
| Aerage sold price/sqft (old stock) | £2,090 |
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 Holywell is £2,190.
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 is the asking price on average of houses for sale in Holywell?
When investors make offers for houses for sale in Holywell, the average price asked by the homeowners works out to be £248,229.
In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.
Any house that looks like it is overpriced for the number of bedrooms it has in Holywell is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.
Average price of houses for sale in Holywell
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £168,765 |
| Average asking price (3 bed) | £261,805 |
| Average asking price (4 bed) | £405,232 |
| 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 in terms of the house asking price, the average asking price for the house for sale in the whole of Holywell is £0. This should show you the general prices overall and for individual types of houses too.
Who can help you buy a house for sale in Holywell?
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
Thinking about other cities with houses for sale?
See here below a list of cities in the same UK region of Holywell which is North East. You might want to consider these as alternatives for your next real estate investment:
- Fawdon in North East
- Burradon in North East
- Hebburn in North East
- Birkin in North East
- Easington 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.
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Holywell.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
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Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
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Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
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Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
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Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
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Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
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Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
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