As a landlord, whenever you are looking at houses for sale in Northumberland, you could find varying prices throughout an area like Seaton. 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 Seaton 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 Seaton will be revealed. Keep reading.
House for sale in a different UK region
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 Seaton 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:
- Alpraham in North East
- Greasby in North East
- Alltwen in North East
- Balmullo in North East
- Bonnyton 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.
On average, what is the figure for the asking price of a house for sale in Seaton?
Average prices for the houses for sale in Seaton
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £210,189 |
| Average asking price (3 bed) | £328,493 |
| Average asking price (4 bed) | £425,202 |
| Average asking price (5 bed) | £534,539 |
After looking at this table about prices of houses for sale in Seaton, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more holistic understanding.
When speaking about the city of Seaton, £343,506 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 in Seaton would be after a larger house than someone living alone.
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.
Advice from experts on properties for sale in Seaton
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
In general, what do houses for sale sell for in Seaton?
In Seaton, houses for sale are sold at an average of £265,093. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Seaton. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £408,636 |
| Aerage sold price (semi-detached) | £301,154 |
| Aerage sold price (terraced) | £259,473 |
| Aerage sold price (flat) | £126,773 |
As you can see above, for Seaton, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 4% where lots of movement may inflate or deflate house prices.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,220 |
| Aerage sold price/sqft (new build) | £2,100 |
| Aerage sold price/sqft (old stock) | £2,120 |
Looking at the second table about Seaton, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Seaton is £2,220.
What kind of demographics does the city of Seaton have?
How much green space is available to residents of Seaton?
Whether you view green space in Seaton as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Seaton, the number of acres of green space for every 1000 people currently is 14.6 which can be measured against the UK average of 1.7.
Have the people of Seaton grown in numbers?
The city of Seaton has a total population of 19,167. 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 Seaton 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 Seaton
Over time, in the last five years, the population of the city of Seaton has changed by 3%. 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 3% 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 Seaton?
In the last 10 years, there has been a shift in the population of 4%.
Comparing this to the 5 year figure of Seaton 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.
Is the crime rate bad in the city of Seaton?
Within Seaton, the number of people committing crimes is 101 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 101 figure carefully.
How deprived is the population of Seaton?
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 Seaton is 18%.
What’s a social grade score and how does it relate to Seaton?
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 Seaton in grades A or B which are the highest skilled roles in the country is 35%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £44,900 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 35%.
Seaton in the county of Northumberland 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 Seaton 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 Seaton, 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.
What is the education level like in Seaton?
In the city of Seaton, 35% 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 Seaton is £44,900. 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.
Are the people in Seaton 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.
£44,900 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 35% for Seaton.
Always consider average rental yield when searching for houses for sale in Seaton
What is the growth in the housing market of Seaton?
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 Seaton that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Seaton growth rate | 9% | 24% | 32% |
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 Seaton 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 Seaton. 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 Seaton.
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, Seaton.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Seaton | no relevant data for this city | no relevant data for this city | no relevant data for this city | 16.0% |
| 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 Seaton experiences. This figure for house sales per month is 12. 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.
Choose the right house for sale that suits your needs
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Seaton
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affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
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Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
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Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
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Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
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EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
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Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
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Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
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Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
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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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