A guide on houses for sale in Blackstone

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South East $ A guide on houses for sale in Blackstone

Blackstone 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 West Sussex.
Before looking for a house for sale in the city of Blackstone 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 Blackstone.

How are rental yields of the houses for sale different to the rest of the UK in Blackstone?

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Blackstone this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (South East) alongside West Sussex then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Blackstone.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Blackstone no relevant data for this city no relevant data for this city no relevant data for this city 15.0%
West Sussex 3.49% £1,280 132.83% 17.69%
South East 3.58% £1,301 127.50% 16.69%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Blackstone.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (6) will be useful.

Is the housing market in Blackstone growing?

The growth of an area like Blackstone 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
Blackstone growth rate -6% 16% 16%

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 Blackstone if you want to find out the exact reasons for the housing change.

On average, what is the figure for the asking price of a house for sale in Blackstone?

When investors make offers for houses for sale in Blackstone, the average price asked by the homeowners works out to be £690,348.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Blackstone is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

The average asking price for the houses for sale in the city of Blackstone

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) no relevant data for this city
Average asking price (3 bed) £533,632
Average asking price (4 bed) no relevant data for this city
Average asking price (5 bed) £1,087,273

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 Blackstone is the right area to buy a house in for you.

What are the demographics like in the city of Blackstone?

What does the population of Blackstone look like?

Population growth in Blackstone is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Blackstone, 7,123 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Blackstone in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Blackstone, this change has been 7%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 7%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Blackstone?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 11% in Blackstone.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

Are the deprivation levels of the UK any different to Blackstone?

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 Blackstone, in particular, the deprivation levels are 17%.

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

Blackstone within West Sussex is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Blackstone will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South East). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.

This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Blackstone.

Is the crime rate bad in the city of Blackstone?

For every one thousand people living in Blackstone, 49 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 49 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.

In the city of Blackstone, how much green space remains for residents?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Blackstone currently has 15.7 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Blackstone in this case.

Are the people in Blackstone earning a lot?

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 (32%). 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 Blackstone, this works out to be £45,300. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

What is the education level like in Blackstone?

Interestingly, the percentage of people who have a degree in the city of Blackstone is 33%. 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 Blackstone is £45,300.

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’s a social grade score and how does it relate to Blackstone?

In the city of Blackstone, the social grade score of the area is 32%. 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 Blackstone.

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 general, for the city of Blackstone, what are the final purchase prices for the houses for sale?

In Blackstone, the average sale price of a house for sale is in fact £455,497. This is dependent on the 10 year population growth of Blackstone being 11%. Growing populations are more likely to inflate the prices of houses for sale in the city of Blackstone.

Housing category Total final sale price
Aerage sold price (detached) £570,270
Aerage sold price (semi-detached) £375,564
Aerage sold price (terraced) £328,493
Aerage sold price (flat) £201,128

The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Blackstone.

Housing category Sale price per square foot
Aerage sold price/sqft £3,880
Aerage sold price/sqft (new build) £3,570
Aerage sold price/sqft (old stock) £3,910

Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.

On average, the cost of a house for sale per square foot works out to be £3,880. This means if you are just looking out the houses sold in Blackstone in general and didn’t take into consideration the type of build. For example, a new build.