How much does a house for sale cost in Trimdon?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North East $ How much does a house for sale cost in Trimdon?

Trimdon 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 Trimdon.

On top of this, keep reading for detailed information on the demographics of Trimdon in Durham. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

Asking price in Trimdon for a house for sale

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 Trimdon is £110,195.

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 Trimdon is useful when negotiating and knowing what to expect for every type of house for sale.

Average asking prices for houses for sale in Trimdon

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £79,775
Average asking price (3 bed) £116,558
Average asking price (4 bed) no relevant data for this city
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Trimdon, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 wholistic understanding.

In general, what do houses for sale sell for in Trimdon?

For the city of Trimdon, the average price a house sells for is £83,734. This value usually depends on the exact location of the house within Trimdon as well as other factors like the population growth in Trimdon which is 4% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £170,793
Aerage sold price (semi-detached) £74,725
Aerage sold price (terraced) £62,342
Aerage sold price (flat) no relevant data for this city

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 Trimdon.

Housing category Sale price per square foot
Aerage sold price/sqft £870
Aerage sold price/sqft (new build) £0
Aerage sold price/sqft (old stock) £850

Generalising the bottom table, the average value per square foot of a house for sale is £870. This value averages all of the types of houses for sale in Trimdon. 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 Trimdon.

Always consider average rental yield when searching for houses for sale in Trimdon

Are there more or fewer houses being built in Trimdon?

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 Trimdon at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Trimdon growth rate 6% 22% 25%

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 Trimdon 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 Trimdon.

The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.

Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Trimdon.

The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Durham) as well as the broader region; North East.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Trimdon no relevant data for this city no relevant data for this city no relevant data for this city 17.0%
Durham 4.93% £607 132.62% 16.57%
North East 4.67% £757 123.96% 19.25%

Also, you can compare other data to the table above such as the number of houses sold per month in Trimdon which is 5 and get a better understanding of the housing market.

This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Trimdon is to invest in. Both in terms of rental yield and capital appreciation.

In Trimdon, what are the demographics like?

In Trimdon, what is the social grade score?

In the city of Trimdon, the social grade score of the area is 9%. 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 Trimdon.

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

How educated are the people in Trimdon?

Interestingly, the percentage of people who have a degree in the city of Trimdon is 14%. 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 Trimdon is £31,200.

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.

How deprived is the population of Trimdon?

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 Trimdon, in particular, the deprivation levels are 36%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

In general, do people commit a lot of crime in Trimdon?

For every one thousand people living in Trimdon, 107 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 107 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.

Trimdon in the county of Durham 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 Trimdon 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 Trimdon, 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.

How much green space is available to residents of Trimdon?

Whether you view green space in Trimdon 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 Trimdon, the number of acres of green space for every 1000 people currently is 7.3 which can be measured against the UK average of 1.7.

Have the people of Trimdon grown in numbers?

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 Trimdon is 6,300.

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 Trimdon.

In Trimdon, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 3%. 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 Trimdon 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 (3%) 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.

Trimdon population difference over 10 years?

The population has adjusted in the area of Trimdon by 4% 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 Trimdon.

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.

How much do people in Trimdon earn?

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 Trimdon. Compare the area’s average household income of £31,200 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 9% for more conclusive data on the affluence of the area.

Advice from experts on properties for sale in Trimdon

A house for sale appropriate to your needs

What parameters impact the final price of a house for sale in Trimdon?
Here below is our list with the most important ones:

  • House for sale affordability – check out the (see house affordability guide)

    on the UK gov website to know more

  • House Location – the actual location of a house for sale drastically changes the final price of a property

  • Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.

  • Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.

  • Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.

  • Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs

  • Do you drive to the office? – If yes, ask about parking. Is it included in the house price?

  • Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.

  • Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.

House for sale in the same UK region

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 Trimdon:

You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK

In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.

The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:

  • Banks – Lend you the cash
  • Insurance companies – Insure your new real estate investment
  • Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
  • Surveyor – Carries out an independent and complete property valuation of the house for sale
  • Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
  • EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city