- 1 We help you find the right agent
- 2 What is the final sale price of a house in Sandwell?
- 3 Advice from experts on properties for sale in Sandwell
- 4 Are there any important statistics about the population of Sandwell?
- 5 Are you considering other cities with houses for sale?
- 6 Asking price in Sandwell for a house for sale
- 7 Invest in a house for sale that meets your demands
- 8 Always consider average rental yield when searching for houses for sale in Sandwell
- 9 FAQ (Frequently Asked Questions)
Sandwell 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 Midlands.
Before looking for a house for sale in the city of Sandwell 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 Sandwell.
What is the final sale price of a house in Sandwell?
In Sandwell, houses for sale are sold at an average of £160,082. 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 Sandwell. 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)||£239,552|
|Aerage sold price (semi-detached)||£158,893|
|Aerage sold price (terraced)||£139,361|
|Aerage sold price (flat)||£83,411|
As you can see above, for Sandwell, 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 8% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,883|
|Aerage sold price/sqft (new build)||£2,307|
|Aerage sold price/sqft (old stock)||£1,700|
Looking at the second table about Sandwell, 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 Sandwell is £1,883.
Advice from experts on properties for sale in Sandwell
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
Are there any important statistics about the population of Sandwell?
For the city of Sandwell, what is the education level?
The number of people as a percentage who have been through university and gained a degree is 12%. The ability to buy a home is greatly influenced by the number of people who have degrees. £31,366.67 is the amount people in Sandwell are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Sandwell, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
What is the population of Sandwell?
Population growth in Sandwell 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 Sandwell, 105415 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 Sandwell 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 Sandwell, this change has been 3%. 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 3%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Sandwell?
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 8% in Sandwell.
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.
Do the people of Sandwell get to enjoy green space?
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 Sandwell, the city has 19 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 Sandwell.
What is a social grade score and how does this relate to Sandwell?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Sandwell, the percentage of people in the two highest categories, A and B is 8%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £31,366.67. This income will generally get bigger as the percentage of people in the A and B categories go up too (8%).
The city of Sandwell, situated in West Midlands, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Sandwell and its demographics will be compared to its wider location (West Midlands). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Sandwell. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In Sandwell, what are the deprivation levels like?
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 Sandwell is £0.
Are the people in Sandwell 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 (8%). 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 Sandwell, this works out to be £31,366.67. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
What’s the crime rate in Sandwell?
Within Sandwell, the number of people committing crimes is 17767% 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 17767% figure carefully.
Are you considering other cities with houses for sale?
If you are looking for similar places to buy a house that are just like Sandwell, examine this short list of cities below from outside of the region of West Midlands for some inspiration.
- ancrum in West Midlands
- acton-burnell in West Midlands
- brampton in West Midlands
- sunderland in West Midlands
- helmsley in West Midlands
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
Asking price in Sandwell 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 Sandwell is £210,890.
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 Sandwell is useful when negotiating and knowing what to expect for every type of house for sale.
Average price of houses for sale in Sandwell
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£154,450|
|Average asking price (3 bed)||£224,018|
|Average asking price (4 bed)||£316,906|
|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, the average asking price for the house for sale in the whole of Sandwell is £0. This should show you the general prices overall and for individual types of houses too.
Invest in a house for sale that meets your demands
When browsing houses for sale in Sandwell 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 – it 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. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
- 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.
Always consider average rental yield when searching for houses for sale in Sandwell
Is the housing market in Sandwell growing?
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 Sandwell at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Sandwell growth rate||6%||23%||41%|
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 Sandwell 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 Sandwell.
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 Sandwell. 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 Sandwell.
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 (West Midlands), a regional level (West Midlands) and finally on the level of the city talked about in this article, Sandwell.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
You may also find it useful to compare the data above to the number of properties sold per month Sandwell experiences. This figure for house sales per month is 11. 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.
FAQ (Frequently Asked Questions)
Is it possible to renovate a property in Sandwell?
Sandwell is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 9 each month, attaining a success rate of nan and a total population of 105415. 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 Sandwell?
11 property transactions are reported in Sandwell each month, alongside a broader picture of approximately 1.1 million property sales across the UK.
In a city like Sandwell, what’s the yearly fluctuation in population?
For a comprehensive analysis of Sandwell’s population trends, observe the population fluctuation over a decade, indicated by 8%, and the five-year alteration represented by 3%. Perhaps also look at data from another nearby city too so you can see a comparison.
How much are houses for sale priced at in the extended region of Sandwell?
The average cost per square foot for a house in Sandwell is presently £0.
Would acquiring a house for sale in Sandwell be regarded as a high-priced option?
Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Sandwell, this value is £160,082, compared to the UK’s average of £286,500.