Kingston 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 Kingston.
On top of this, keep reading for detailed information on the demographics of Kingston in East Riding of Yorkshire. 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 Kingston, what are the demographics like?
How much do people in Kingston earn?
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 Kingston. Compare the area’s average household income of £43,800 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 28% for more conclusive data on the affluence of the area.
Do the people of Kingston get to enjoy green space?
In the city of Kingston, there are 16.1 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 Kingston is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
For the city of Kingston, what is the education level?
In the city of Kingston, 27% 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 Kingston is £43,800. 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.
In Kingston, how has the population changed?
Population growth in Kingston is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Kingston, 19,228 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Kingston in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Kingston, this change has been 2%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 2%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Kingston?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 3% in Kingston.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
Is the crime rate bad in the city of Kingston?
For every one thousand people living in Kingston, 57 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 57 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
Kingston within East Riding of Yorkshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Kingston 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 Kingston.
Are the people of Kingston deprived?
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 Kingston is 18%.
What is a social grade score and how does this relate to Kingston?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Kingston, the percentage of people in the two highest categories, A and B is 28%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £43,800. This income will generally get bigger as the percentage of people in the A and B categories go up too (28%).
What is the asking price on average of houses for sale in Kingston?
Average asking prices for houses for sale in Kingston
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£219,167|
|Average asking price (3 bed)||£264,287|
|Average asking price (4 bed)||£399,963|
|Average asking price (5 bed)||no relevant data for this city|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£2,750) for houses for sale with this table to get a good idea as to whether Kingston is the right area to buy a house in for you.
When speaking about the city of Kingston, £285,674 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Kingston.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
How are rental yields of the houses for sale different to the rest of the UK in Kingston?
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Kingston to East Riding of Yorkshire and the broader suburb of the UK; North East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Kingston||no relevant data for this city||no relevant data for this city||no relevant data for this city||14.0%|
|East Riding of Yorkshire||4.47%||£653||122.00%||19.86%|
Let’s assume you want to sell the house you’re looking to buy in Kingston for profit in the future, in this case, looking at the data for the number of houses sold per month in Kingston would give you an idea of whether the area is actively getting new investors. This figure is 16.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Kingston. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
What is the growth in the housing market of Kingston?
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 Kingston at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Kingston growth rate||-4%||13%||27%|
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 Kingston 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 Kingston.
In general, what do houses for sale sell for in Kingston?
For the city of Kingston, the average price a house sells for is £246,065. This value usually depends on the exact location of the house within Kingston as well as other factors like the population growth in Kingston which is 3% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£336,819|
|Aerage sold price (semi-detached)||£222,611|
|Aerage sold price (terraced)||£146,295|
|Aerage sold price (flat)||£80,961|
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Kingston.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,230|
|Aerage sold price/sqft (new build)||£2,450|
|Aerage sold price/sqft (old stock)||£2,080|
Generalising the bottom table, the average value per square foot of a house for sale is £2,490. This value averages all of the types of houses for sale in Kingston. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Kingston.
Professional advice for houses for sale in Kingston
Finding the ideal house for sale for you
Many criteria impact the price of houses for sale in Kingston.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
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.
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
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
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.
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
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
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.
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.
House for sale in the same UK region
Below are a list of towns with a similar location to Kingston.
Reading these analysis will help you evaluate the different houses for sale currently listed in North East:
- High-Shields in North East
- Cold-Hesledon in North East
- Blackhall-Colliery in North East
- Harlow-Hill in North East
- Newcastle-Upon-Tyne in North East
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.