Longbenton might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Tyne and Wear.
Before looking for a house for sale in the city of Longbenton we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Longbenton.
What are the demographics like in the city of Longbenton?
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.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In the city of Longbenton, has the population grown or shrunk?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Longbenton if 15,457 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 Longbenton such as rental yield or house appreciation.
How has the population size of Longbenton adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Longbenton by 5%. 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 5% 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 Longbenton?
In the last decade, the population of Longbenton has been adjusted by 10%. 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.
Is the crime rate bad in the city of Longbenton?
For every one thousand people living in Longbenton, 80 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 80 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.
How much are those living in Longbenton earning?
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 (34%). 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 Longbenton, this works out to be £47,800. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Is there sufficient green space in Longbenton?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Longbenton, 18.5 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Longbenton.
The city of Longbenton, situated in Tyne and Wear, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Longbenton 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 Longbenton. So, taking a good look at the data is essential to understand the area you are considering to buy in.
What is the city of Longbenton’s social grade score?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Longbenton compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Longbenton, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 34%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
| 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 |
In Longbenton, what are the deprivation levels like?
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 Longbenton is 18%.
In Longbenton, what do houses for sale tend to sell for?
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 in Longbenton 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.
What are the asking prices for the houses for sale in the city of 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 |
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 (£0) for houses for sale with this table to get a good idea as to whether Longbenton is the right area to buy a house in for you.
When speaking about the city of Longbenton, £224,579 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 Longbenton.
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.
In Longbenton, what are the rental yields?
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 Longbenton, 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) | |
|---|---|---|---|---|
| Longbenton | 4.5% | £844 | no relevant data for this city | 48.0% |
| Tyne and Wear | 5.54% | £749 | 138.20% | 21.54% |
| North East | 4.67% | £757 | 123.96% | 19.25% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Longbenton you might be interested in the number of sales per month (15) that happen in the local housing market. Comparing this figure for Longbenton with the above table gives you a good understanding of the profitability of the area.
Are there more or fewer houses being built in Longbenton?
The growth of an area like Longbenton 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 | |
|---|---|---|---|
| Longbenton growth rate | 4% | 16% | 24% |
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 Longbenton if you want to find out the exact reasons for the housing change.
Advice from experts on properties for sale in Longbenton
Thinking about other cities with houses for sale?
You can assess the various houses for sale offered in the area by consulting this list of cities in North East, the same UK region as Longbenton:
- Bomarsund in North East
- Ovingham in North East
- Battersby in North East
- Bingfield in North East
- Haltwhistle in North East
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
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:
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House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
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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.
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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.
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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
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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.
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Internet speed in the area of the house for sale – 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
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Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
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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.
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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.
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