Longbenton 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 Longbenton.
On top of this, keep reading for detailed information on the demographics of Longbenton in Tyne and Wear. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
Invest in houses for sale in Longbenton with the right professional advice
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
What is the asking price on average of houses for sale in Longbenton?
Table showing the asking prices for houses for sale in Longbenton
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£139,494|
|Average asking price (3 bed)||£239,163|
|Average asking price (4 bed)||£346,246|
|Average asking price (5 bed)||no relevant data for this city|
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Longbenton has a lack of supply of housing in certain categories.
When investors make offers for houses for sale in Longbenton, the average price asked by the homeowners works out to be £224,579.
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 Longbenton 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.
In Longbenton, what are the demographics like?
What’s a social grade score and how does it relate to Longbenton?
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 Longbenton in grades A or B which are the highest skilled roles in the country is 34%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £47,800.00 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 34%.
In Longbenton, what is the crime rate?
Within Longbenton, the number of people committing crimes is 8000% 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 8000% figure carefully.
In the city of Longbenton, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Tyne and Wear for example.
These demographics for Longbenton may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Longbenton in North East.
How deprived is the population of Longbenton?
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 Longbenton should give you a nice idea of the deprivation in the area.
In the city of Longbenton, how much green space remains for residents?
In the city of Longbenton, there are 19 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 Longbenton is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
How educated are the people in Longbenton?
In the city of Longbenton, 40% 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 Longbenton is £47,800.00.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Are the people in Longbenton 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.
£47,800.00 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 34% for Longbenton.
In the city of Longbenton, has the population grown or shrunk?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Longbenton is 15457.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Longbenton.
In Longbenton, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 5%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Longbenton is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (5%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Longbenton population difference over 10 years?
The population has adjusted in the area of Longbenton by 10% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Longbenton.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
What is the final sale price of a house in Longbenton?
For the city of Longbenton, the average price a house sells for is £211,284. This value usually depends on the exact location of the house within Longbenton as well as other factors like the population growth which is 10% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£308,778|
|Aerage sold price (semi-detached)||£214,510|
|Aerage sold price (terraced)||£204,118|
|Aerage sold price (flat)||£121,286|
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 Longbenton.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,130|
|Aerage sold price/sqft (new build)||£2,590|
|Aerage sold price/sqft (old stock)||£2,020|
Generalising the bottom table, the average value per square foot of a house for sale is £2,130. This value averages all of the types of houses for sale in Longbenton. 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 Longbenton.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.
Thinking of a different city and perhaps a different location?
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 Longbenton 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:
- hebburn in North East
- aberdulais in North East
- blackburn in North East
- blackford in North East
- denny 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.
Why you should consider the average rental yield when searching for houses for sale in Longbenton
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 Longbenton 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 Longbenton.
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)|
|Longbenton||£0||£844||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 Longbenton.
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 (17) will be useful.
Are there new houses being built in Longbenton to make it grow?
Whenever you are thinking about looking for houses for sale in Longbenton, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Longbenton growth rate||4%||16%||24%|
As the population of Longbenton grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
Invest in a house for sale that meets your demands
When browsing houses for sale in Longbenton you should think about lots of different criteria:
House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
Are there opportunities for property renovation in Longbenton?
Properties in the city of Longbenton may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 4 approvals every month with an approval of nan based on a population of 15457. Compare other places in the UK to make this figure make more sense.
On a monthly basis, how many property transactions take place in Longbenton?
Longbenton boasts a monthly total of 17 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link
What’s the annual population shift in a city such as Longbenton?
Calculating the evolution of Longbenton’s population requires an examination of the population transformation over a decade, amounting to 10%, and the five-year adjustment at 5%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby
prices for houses on sale in the broader vicinity of Longbenton?
In Longbenton, the mean asking price per square foot for a house is currently £0, based on the average value per square foot
Is a house for sale in Longbenton 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 Longbenton, this stands at £211,284, whereas the UK’s mean is £286,500.