House prices between Newcastle and Birmingham - Essay Example

Introduction Houses prices in Newcastle are more expensive than Birmingham. Newcastle is one of the largest cities in the UK, it has more than 500 shops in the city centre. Newcastle is famous in sport and it has one of the biggest stadiums in the UK; the St James’s park, home for Newcastle United football team. The thing about Newcastle is that you can see the mixture between the old and traditional buildings and the modern buildings which gives the city a beautiful view, it also known by its famous bridge and river which it called the Tyne Bridge.

Newcastle is popular by its major universities which they are Newcastle University and Northumbria University. Famous places that are recommended to visit are The Millenium Bridge, The Quayside, and Theatre Royal.Birmingham is the UK’s second largest city. And one of the most greenest city in the UK, it also has a major university called University of Birmingham its known as one of the best universities in the UK. Birmingham is famous by its big and beautiful theatre the Birmingham Hippodrome.

For this project I collected secondary data by websites and I looked at 30 houses prices and the difference between two different citiesProperty prices in BirminghamProperties in Birmingham Type of houseBedroomsPrice1detached house4 £ 650,000 2semi-detached house5 £ 650,000 3semi-detached house6 £ 665,000 4detached house5 £ 675,000 5detached house6 £ 695,000 6detached house6 £ 699,950 7detached house6 £ 720,000 8detached house8 £ 750,000 9detached house4 £ 775,000 10detached house5 £ 795,000 11detached house5 £ 820,000 12detached house6 £ 825,000 13detached house4 £ 850,000 14detached house5 £ 875,000 15detached house5 £ 890,000 16detached house4 £ 899,000 17semi-detached house4 £ 925,000 18detached house5 £ 985,000 19detached house6 £ 995,000 20detached house6 £ 1,200,000 21detached house7 £ 1,250,000 22detached house8 £ 1,330,000 23detached house8 £ 1,450,000 24detached house6 £ 1,675,000 25detached house8 £ 1,700,000 26detached house6 £ 1,800,000 27detached house10 £ 1,995,000 28detached house6 £ 2,000,000 29detached house9 £ 2,100,000 30detached house8 £ 2,300,000 mean £ 1,131,298 median £ 894,500 Property prices in Newcastle Type of houseBedroomsPricesemi-detached house6 £ 650,000 detached house5 £ 700,000 detached house5 £ 740,000 detached house5 £ 745,000 detached house4 £ 750,000 detached house4 £ 760,000 detached house4 £ 765,000 detached house4 £ 795,000 detached house4 £ 800,000 semi-detached house5 £ 825,000 semi-detached house5 £ 845,000 semi-detached house5 £ 850,000 detached house5 £ 895,000 detached house6 £ 899,950 terraced6 £ 900,000 semi-detached house6 £ 925,000 detached house6 £ 950,000 detached house5 £ 975,000 detached house6 £ 995,000 bungalow2 £ 1,000,000 detached house4 £ 1,100,000 terraced7 £ 1,195,000 detached house7 £ 1,250,000 semi-detached house7 £ 1,275,000 detached house6 £ 1,490,000 semi-detached house8 £ 1,500,000 semi-detached house6 £ 1,600,000 terraced5 £ 1,845,000 detached house5 £ 1,999,500 detached house6 £ 2,995,000 mean £ 1,100,482 median £ 925,000 A review of the data from Birmingham and Newcastle reveals a significant difference in the types of houses available in both cities.

In Birmingham, most houses have 6 bedrooms while in Newcastle, most houses have 5 bedrooms. Unlike Birmingham, Newcastle has a higher variety in types of houses available. Besides, semi-detached and detached houses, there are bungalow s and terraced houses available in the market. Demand for detached and semi-detached houses however, is high in both towns.The data from the two cities is relatively similar in terms of house availability in relation to price. Cheap houses are readily available while the expensive ones are hardly available.

Median = £ 900,000Upper quartile range= £ 1,325,000Lower quartile range= £ 725,000Inter-quartile range= 1,325,000 – 725,000 = £ 600,000Median= £ 925,000Upper quartile range= £ 1,100,000Lower quartile range= £ 600,000Inter-quartile range= 1,100,000- 600,000 = £ 500,000 Grouped Frequency table for Birmingham FrequencyMid-PointFx Mid-PointFx Mid-Point x Mid-Point500000100000019750000142500001.06875E+13100000015000004125000050000006.25E+12150000020000004175000070000001.

225E+13200000025000003225000067500001.51875E+13Total30Total£33,000,0004.4375E+13Grouped Frequency table for NewcastleFrequencyMid-PointFx Mid-PointFx Mid-Point x Mid-Point500000100000019750000142500001.0688E+13100000015000006125000075000009.375E+12150000020000004175000070000001.225E+13200000025000000225000000250000030000001275000027500007.5625E+12Total30Total£31,500,0003.9875E+13Summary table of resultsBirmingham NewcastleCommentsRange£ 650,000 - £ 2,300,000£ 650,000 - £ 2,995,000Raw data Mean£ 1,131,298£ 1,100,482 Raw data Median£ 894,500£ 925,000 Mean from the frequency table£1,100,000£ 1,050,000Median from the frequency table£ 900,000Standard deviation£518,812.

75£476,095Upper Quartile£ 1,325,000£ 1,100,000Lower Quartile£ 725,000£ 600,000Inter-quartile range£ 600,000£ 500,000Mode bedrooms65Mode type of propertyDetached housesDetached houses