As a landlord, whenever you are looking at houses for sale in North Yorkshire, you could find varying prices throughout an area like Marton. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Marton to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Marton will be revealed. Keep reading.
In Marton, what do houses for sale tend to sell for?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Marton. In Marton, this sale price works out to be £174,721. As an example, a factor like population growth over the last 10 years which works out to be 3% in Marton and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£216,119|
|Average sold price (semi-detached)||£142,166|
|Average sold price (terraced)||£108,779|
|Average sold price (flat)||£65,000|
Above, the exact type of house is also shown to vary in price in a table in Marton. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£1,860|
|Average sold price/sqft (new build)||£1,950|
|Average sold price/sqft (old stock)||£1,740|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Marton which is £1,860. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
Always consider average rental yield when searching for houses for sale in Marton
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 Marton, 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 North Yorkshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Marton||no relevant data for this city||no relevant data for this city||no relevant data for this city||16.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Marton you might be interested in the number of sales per month (14) that happen in the local housing market. Comparing this figure for Marton with the above table gives you a good understanding of the profitability of the area.
Are there more or fewer houses being built in Marton?
Before committing to Marton to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|1 year||3 years||5 years|
|Marton growth rate||-4%||-4%||2%|
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Marton is building housing to find your answer.
In Marton, what is the asking price in general for a house for sale?
Average asking prices for houses for sale in Marton
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£141,420|
|Average asking price (3 bed)||£183,515|
|Average asking price (4 bed)||£268,989|
|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 Marton is £0. This should show you the general prices overall and for individual types of houses too.
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Marton is £189,498.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Marton is useful when negotiating and knowing what to expect for every type of house for sale.
What are the people like in Marton?
What is a social grade score and how does this relate to Marton?
In the city of Marton, the social grade score of the area is 15%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Marton.
|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|
Are the people of Marton deprived?
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 Marton is 27% 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.
Is there sufficient green space in Marton?
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 Marton, the city has 16.4 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 Marton.
Have the people of Marton grown in numbers?
The city of Marton has a total population of 21,266. 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 Marton 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 Marton
Over time, in the last five years, the population of the city of Marton has changed by 1%. 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 1% 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 Marton?
In the last 10 years, there has been a shift in the population of 3%.
Comparing this to the 5 year figure of Marton 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.
How much do people in Marton earn?
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 (15%). 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 Marton, this works out to be £34,200. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Marton in the county of North Yorkshire is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Marton is located in; North East.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Marton, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
For the city of Marton, what is the education level?
Interestingly, the percentage of people who have a degree in the city of Marton is 22%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Marton is £34,200.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
In Marton, what is the crime rate?
For the city of Marton, crime rate is at 177. So for every 1000 people in the area, 177 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.
Professional advice for houses for sale in Marton
Finding the ideal house for sale for you
When browsing houses for sale in Marton 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 – 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
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.
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
House for sale in the same UK region
See here below a list of cities in the same UK region of Marton which is North East. You might want to consider these as alternatives for your next real estate investment:
- Byker in North East
- Aydon in North East
- Hebburn in North East
- Stamford-Bridge in North East
- Bearpark 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.