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Stoke On Trent – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Stoke On Trent – What to look for in houses for sale?

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Stoke On Trent 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 Stoke On Trent.

On top of this, keep reading for detailed information on the demographics of Stoke On Trent in Staffordshire. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.

What are the people like in Stoke On Trent?

How educated are the people in Stoke On Trent?

Interestingly, the percentage of people who have a degree in the city of Stoke On Trent 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 Stoke On Trent is £32,300.00.

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.

In Stoke On Trent, what are the deprivation levels like?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Stoke On Trent is £0 and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

How much green space is available to residents of Stoke On Trent?

Whether you view green space in Stoke On Trent 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 Stoke On Trent, the number of acres of green space for every 1000 people currently is 31 which can be measured against the UK average of 1.7.

In Stoke On Trent, what is the social grade score?

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 Stoke On Trent, the percentage of people in the two highest categories, A and B is 9%. 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 £32,300.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (9%).

What does the population of Stoke On Trent look like?

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 Stoke On Trent is 63609.

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 Stoke On Trent.

In Stoke On Trent, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 2%. 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 Stoke On Trent 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 (2%) 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.

Stoke On Trent population difference over 10 years?

The population has adjusted in the area of Stoke On Trent 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 Stoke On Trent.

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.

In Stoke On Trent, what is the crime rate?

For every one thousand people living in Stoke On Trent, 16450% 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 16450% 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 Stoke On Trent, 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 Staffordshire for example.

These demographics for Stoke On Trent 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 Stoke On Trent in West Midlands.

Are the people in Stoke On Trent 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 (9%). 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 Stoke On Trent, this works out to be £32,300.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

What is the asking price on average of houses for sale in Stoke On Trent?

Table showing the asking prices for houses for sale in Stoke On Trent

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £115,772
Average asking price (3 bed) £154,036
Average asking price (4 bed) £266,930
Average asking price (5 bed) no relevant data for this city

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Stoke On Trent has a lack of supply of housing in certain categories.

When speaking about the city of Stoke On Trent, £142,417 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 Stoke On Trent 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.

In general, for the city of Stoke On Trent, what are the final purchase prices for the houses for sale?

In Stoke On Trent, the average sale price of a house for sale is in fact £121,156. This is dependent on the 10 year population growth of Stoke On Trent being 4%. Growing populations are more likely to inflate the prices of houses for sale in the city of Stoke On Trent.

Housing category Total final sale price
Aerage sold price (detached) £189,164
Aerage sold price (semi-detached) £128,687
Aerage sold price (terraced) £87,503
Aerage sold price (flat) £78,418

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 Stoke On Trent.

Housing category Sale price per square foot
Aerage sold price/sqft £1,455
Aerage sold price/sqft (new build) £1,890
Aerage sold price/sqft (old stock) £1,345

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 £1,455. This means if you are just looking out the houses sold in Stoke On Trent in general and didn’t take into consideration the type of build. For example, a new build.

Other cities in different locations you can consider to buy property

You can consult our list below that goes over a list of cities not necessarily in West Midlands, allowing you to find similar places to Stoke On Trent:

You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK

Who can help you buy a house for sale in Stoke On Trent?

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.

In Stoke On Trent, what are the rental yields?

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 Stoke On Trent this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (West Midlands) alongside Staffordshire 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 Stoke On Trent.

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)
Stoke On Trent £0 £616 £1 £0
Staffordshire 3.76% £767.24 113.22% 20.39%
West Midlands 0.04 876.64 £1 20.00%

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 Stoke On Trent.

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 (26) will be useful.

Is the housing market in Stoke On Trent growing?

Before committing to Stoke On Trent to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Stoke On Trent growth rate 6% 16% 23%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Stoke On Trent is building housing to find your answer.

A house for sale appropriate to your needs

Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Stoke On Trent.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)

  • Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.

  • Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.

  • Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.

  • EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.

  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

  • Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month

  • Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.

Frequently Asked Questions (FAQ)

Is it possible to renovate a property in Stoke On Trent?

Properties in the city of Stoke On Trent may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 5 approvals every month with an approval of nan based on a population of 63609. Compare other places in the UK to make this figure make more sense.

On a monthly basis, how many property transactions take place in Stoke On Trent?

The city of Stoke On Trent sees around 26 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.

What’s the annual population shift in a city such as Stoke On Trent?

To work out how the population of Stoke On Trent has changed over time, you can look at the population change over a decade which is 4% and the change in a five year period two which falls at 2%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population

prices for houses on sale in the broader vicinity of Stoke On Trent?

Currently, the mean asking price of a house in Stoke On Trent is £0, calculated using the average value per square foot

Would acquiring a house for sale in Stoke On Trent be regarded as a high-priced option?

To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Stoke On Trent, the value is £121,156, whereas the UK’s mean is £286,500

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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