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Airdrie – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Airdrie – What to look for in houses for sale?

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Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Airdrie, North Lanarkshire.

From the average asking price of houses for sale in Airdrie, to the growth of the population in the area, all will be talked about regarding the city of Airdrie. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

Who can help you buy a house for sale in Airdrie?

Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.

Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.

Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:

  • Lender – This practitioner can lend you money to finalise a house purchase
  • Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
  • Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
  • Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
  • Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
  • Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase

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

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 Airdrie this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (Scotland) alongside North Lanarkshire 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 Airdrie.

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)
Airdrie no relevant data for this city no relevant data for this city no relevant data for this city £1
North Lanarkshire 4.70% £633.50 no relevant data for this city 59.85%
Scotland 0.05 871.42 £1 59.40%

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 Airdrie.

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 (no relevant data for this city) will be useful.

Are there more or fewer houses being built in Airdrie?

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

1 year 3 years 5 years
Airdrie growth rate no relevant data for this city 8% no relevant data for this city

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 Airdrie 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 Airdrie.

A house for sale appropriate to your needs

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Airdrie

  • affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)

  • Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.

  • Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.

  • Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.

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

  • Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase

  • Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?

  • Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.

  • 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.

In Airdrie, what do houses for sale tend to sell for?

For the city of Airdrie, the average price a house sells for is £112,282. This value usually depends on the exact location of the house within Airdrie as well as other factors like the population growth which is 1% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £205,936
Aerage sold price (semi-detached) £135,162
Aerage sold price (terraced) £91,151
Aerage sold price (flat) £62,669

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 Airdrie.

Housing category Sale price per square foot
Aerage sold price/sqft £1,260
Aerage sold price/sqft (new build) £1,280
Aerage sold price/sqft (old stock) £1,240

Generalising the bottom table, the average value per square foot of a house for sale is £1,380. This value averages all of the types of houses for sale in Airdrie. 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 Airdrie.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.

houses for sale in other cities and regions in the UK

Below is a list of towns that differ from Airdrie.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to Scotland:

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

What are the people like in Airdrie?

What’s the crime rate in Airdrie?

The crime rate of Airdrie must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.

For example, the area has a crime rate of 100%, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.

Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.

Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (100%) is both useful and is recommended to be compared to the average.

How much green space is available to residents of Airdrie?

In the city of Airdrie, there are 11 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Airdrie is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

What does the population of Airdrie 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 Airdrie is 54963.

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 Airdrie.

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

In the last five years, over time, the change in population size was 1%. 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 Airdrie 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 (1%) 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.

Airdrie population difference over 10 years?

The population has adjusted in the area of Airdrie by 1% 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 Airdrie.

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.

Located in North Lanarkshire is the city of Airdrie, in a large part of the UK; Scotland. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.

Below, the population of Airdrie has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.

The knowledge below is based on a lot of different variables relevant to the city of Airdrie which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.

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

In the city of Airdrie and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.

In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.

When trying to determine if the area of Airdrie has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is no relevant data for this city.

Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)

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

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

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of no relevant data for this city for Airdrie should give you a nice idea of the deprivation in the area.

What salary does the community in Airdrie take home?

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 Airdrie. Compare the area’s average household income of no relevant data for this city 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 no relevant data for this city for more conclusive data on the affluence of the area.

For the city of Airdrie, what is the education level?

Interestingly, the percentage of people who have a degree in the city of Airdrie is no relevant data for this city. 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 Airdrie is no relevant data for this city.

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 is the asking price on average of houses for sale in Airdrie?

On average, in Airdrie, the asking price for a house for sale in the area is £144,035.

The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Airdrie. From a 1 bedroom house up to a 5 bedroom house.

As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.

In the city of Airdrie, what is the average asking price for the houses for sale?

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £104,149
Average asking price (3 bed) £148,143
Average asking price (4 bed) £257,792
Average asking price (5 bed) no relevant data for this city

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 (£1,500) for houses for sale with this table to get a good idea as to whether Airdrie is the right area to buy a house in for you.

FAQ (Frequently Asked Questions)

Are there opportunities for property renovation in Airdrie?

Amidst the urban landscape of Airdrie, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is no relevant data for this city and on the other hand, there is a planning success rate of no relevant data for this city. It is also useful to take into consideration the population size of the area (54963).

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

Airdrie boasts a monthly total of no relevant data for this city property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link

What is the population change each year in a city like Airdrie?

Calculating the evolution of Airdrie’s population requires an examination of the population transformation over a decade, amounting to 1%, and the five-year adjustment at 1%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby

prices for houses on sale in the broader vicinity of Airdrie?

Currently, the mean asking price of a house in Airdrie is £1,500, calculated using the average value per square foot

Does opting for a house for sale in Airdrie come with a hefty price tag?

Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Airdrie, this value is £112,282, compared to the UK’s average of £286,500.

Find an estate agent where you’re looking to buy in Airdrie

When buying, having the right expertise when navigating Airdrie and the property market can be a great advantage. So, don’t make things harder for yourself and tackle a home purchase on your own. Browse our list of reputable estate agents below to help you on your house hunt!

Name of the Agent Email Address Address Phone Number
Abode Estate Agency Phone number only 15 High Street, Airdrie, ML6 0DT 441236378995
Colin Tomney Phone number only 29 Stirling Street, Airdrie, ML6 0AH 441236378947
Countrywide Scotland – Airdrie Phone number only 33 Stirling Street, Airdrie, ML6 0AH 441236340917
Aquila Management Services Phone number only 98 High Street, Airdrie, ML6 0AX 441413761794
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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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