- 1 We help you find the right agent
- 2 How are rental yields of the houses for sale different to the rest of the UK in Seaton?
- 3 What kind of demographics does the city of Seaton have?
- 4 In Seaton, what do houses for sale tend to sell for?
- 5 A house for sale appropriate to your needs
- 6 What is the asking price on average of houses for sale in Seaton?
- 7 Invest in houses for sale in Seaton with the right professional advice
- 8 House for sale in a different UK region
- 9 FAQ (Frequently Asked Questions)
Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Seaton, Northumberland.
From the average asking price of houses for sale in Seaton, to the growth of the population in the area, all will be talked about regarding the city of Seaton. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
How are rental yields of the houses for sale different to the rest of the UK in Seaton?
In Seaton, how has the number of houses changed?
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 Seaton at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Seaton growth rate||9%||24%||32%|
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 Seaton 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 Seaton.
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Seaton, currently, £0 people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area and how much you can charge for rent in your ast (assured tenancy shorthold).
What kind of demographics does the city of Seaton have?
In the city of Seaton, 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 Northumberland for example.
These demographics for Seaton 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 Seaton in North East.
What is the education level like in Seaton?
Interestingly, the percentage of people who have a degree in the city of Seaton is 35%. 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 Seaton is £44,900.00.
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.
What is a social grade score and how does this relate to Seaton?
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 Seaton 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 Seaton, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 35%.
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 the city of Seaton, is there a lot of green space?
In the city of Seaton, there are 15 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 Seaton is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
How much are those living in Seaton earning?
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 Seaton. Compare the area’s average household income of £44,900.00 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 35% for more conclusive data on the affluence of the area.
Are the people of Seaton deprived?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Seaton, in particular, the deprivation levels are £0.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
What is the population of Seaton?
In total, the number of people in Seaton is 19167. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Seaton, depending on where exactly you are.
How has Seaton changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Seaton has changed by 3%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 3% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Seaton?
4% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Seaton have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
What’s the crime rate in Seaton?
Within Seaton, the number of people committing crimes is 10100% 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 10100% figure carefully.
In Seaton, 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 Seaton. In Seaton, this sale price works out to be £265,093. As an example, a factor like population growth over the last 10 years which works out to be 4% in Seaton and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£408,636|
|Average sold price (semi-detached)||£301,154|
|Average sold price (terraced)||£259,473|
|Average sold price (flat)||£126,773|
Above, the exact type of house is also shown to vary in price in a table in Seaton. 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||£2,220|
|Average sold price/sqft (new build)||£2,100|
|Average sold price/sqft (old stock)||£2,120|
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 Seaton which is £2,220. 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.
A house for sale appropriate to your needs
Many criteria impact the price of houses for sale in Seaton.
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.
What is the asking price on average of houses for sale in Seaton?
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.
Table showing the asking prices for 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|
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 Seaton is the right area to buy a house in for you.
Invest in houses for sale in Seaton with the right professional advice
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 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.
FAQ (Frequently Asked Questions)
Do properties in Seaton offer renovation potential?
Seaton is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 10 each month, attaining a success rate of nan and a total population of 19167. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place
How many property sales occur per month in Seaton?
21 property transactions are reported in Seaton each month, alongside a broader picture of approximately 1.1 million property sales across the UK.
How does the population in a city like Seaton change annually?
Calculating the evolution of Seaton’s population requires an examination of the population transformation over a decade, amounting to 4%, and the five-year adjustment at 3%. 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
What are the asking rates for houses for sale in the surrounding area of Seaton?
The average asking price of a house in Seaton is currently £0 based on the average price per square foot.
Would acquiring a house for sale in Seaton be regarded as a high-priced option?
To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Seaton this number is £265,093 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house