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.
In general, what do houses for sale sell for in Airdrie?
As well as looking at the asking price for house for sale in Airdrie, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Airdrie.
Houses for sale, are sold on average in Airdrie, after the influence of these factors, at £112,282 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 1% over the last 10 years.
|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|
This table above shows the average sale price for each variation of houses for sale in 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|
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Airdrie is £1,380.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
In Airdrie, what are the demographics like?
How educated are the people in Airdrie?
In the city of Airdrie, no relevant data for this city people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Airdrie is no relevant data for this city.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What’s a social grade score and how does it relate to Airdrie?
In the city of Airdrie, the social grade score of the area is no relevant data for this city. 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 Airdrie.
|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 people of Airdrie deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Airdrie, currently, no relevant data for this city people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
The city of Airdrie, situated in North Lanarkshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Airdrie and its demographics will be compared to its wider location (Scotland). 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 Airdrie. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Is there sufficient green space in Airdrie?
Whether you view green space in Airdrie 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 Airdrie, the number of acres of green space for every 1000 people currently is 10.7 which can be measured against the UK average of 1.7.
In the city of Airdrie, has the population grown or shrunk?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Airdrie if 54,963 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Airdrie such as rental yield or house appreciation.
How has the population size of Airdrie adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Airdrie by 1%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 1% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Airdrie?
In the last decade, the population of Airdrie has been adjusted by 1%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
In Airdrie, what is the crime rate?
For the city of Airdrie, crime rate is at 1. So for every 1000 people in the area, 1 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
Are the people in Airdrie earning a lot?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Airdrie, the average income is no relevant data for this city. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of no relevant data for this city to decide on what the demographics are like in the area.
Always consider average rental yield when searching for houses for sale in Airdrie
In Airdrie, how has the number of houses changed?
The growth of an area like Airdrie 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|
|Airdrie growth rate||no relevant data for this city||8%||no relevant data for this city|
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 Airdrie if you want to find out the exact reasons for the housing change.
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Airdrie.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (North Lanarkshire) as well as the broader region; Scotland.
|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||103.0%|
|North Lanarkshire||4.70%||£634||no relevant data for this city||59.85%|
Also, you can compare other data to the table above such as the number of houses sold per month in Airdrie which is 66 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Airdrie is to invest in. Both in terms of rental yield and capital appreciation.
What are the asking prices for the houses for sale in the city of Airdrie?
When investors make offers for houses for sale in Airdrie, the average price asked by the homeowners works out to be £144,035.
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 Airdrie 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 Airdrie
|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|
After looking at this table about prices of houses for sale in Airdrie, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £1,500 will help them to have a more wholistic understanding.