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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 Alderton, Wiltshire.
From the average asking price of houses for sale in Alderton, to the growth of the population in the area, all will be talked about regarding the city of Alderton. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Are there any important statistics about the population of Alderton?
In Alderton, 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 Alderton is £0.
What is the population of Alderton?
The city of Alderton has a total population of 108085. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Alderton is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Alderton
Over time, in the last five years, the population of the city of Alderton has changed by 5%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 5% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Alderton?
In the last 10 years, there has been a shift in the population of 10%.
Comparing this to the 5 year figure of Alderton can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
Do the people of Alderton get to enjoy green space?
In the city of Alderton, there are 24 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 Alderton is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Alderton in the county of Wiltshire is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Alderton is located in; South West.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Alderton, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
What is a social grade score and how does this relate to Alderton?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits. The number of people in Alderton in grades A or B which are the highest skilled roles in the country is 29%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £47,525.00 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 29%.
Is the education level of Alderton important when buying a house?
The number of people as a percentage who have been through university and gained a degree is 30%. The ability to buy a home is greatly influenced by the number of people who have degrees. £47,525.00 is the amount people in Alderton 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 Alderton, 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’s the crime rate in Alderton?
In Alderton, for every 1000 people, there is currently a crime rate of 6100%. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (6100% for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
How much do people in Alderton earn?
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 (29%). 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 Alderton, this works out to be £47,525.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
A house for sale that is right for you
Many criteria impact the price of houses for sale in Alderton.
Here below are the most important ones according to Lofti’s expertise:
- Affordability – (see what house for sale can you afford?)
A guide from the UK government
- House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
- Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
- Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
- Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
- Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
- Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
- Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
Thinking of a different city and perhaps a different location?
Below is a list of towns that differ from Alderton.
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 South West:
- costessey in South West
- clouston in South West
- barway in South West
- aberdulais in South West
- chalgrove in South West
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 is the final sale price of a house in Alderton?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Alderton. In Alderton, this sale price works out to be £304,374. As an example, a factor like population growth over the last 10 years which works out to be 10% in Alderton and impacts house prices of the houses for sale.
| Housing category | Total final sale price |
|---|---|
| Average sold price (detached) | £411,188 |
| Average sold price (semi-detached) | £255,822 |
| Average sold price (terraced) | £232,833 |
| Average sold price (flat) | £150,874 |
Above, the exact type of house is also shown to vary in price in a table in Alderton. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
| Housing category | Sale price per square foot |
|---|---|
| Average sold price/sqft | £2,950 |
| Average sold price/sqft (new build) | £3,068 |
| Average sold price/sqft (old stock) | £2,858 |
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Alderton which is £3,128. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
Always consider average rental yield when searching for houses for sale in Alderton
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 Alderton this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (South West) alongside Wiltshire 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 Alderton.
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) | |
|---|---|---|---|---|
| Alderton | £0 | £1,055 | £1 | £0 |
| Wiltshire | 3.55% | £1,009.95 | 140.00% | 20.50% |
| South West | 0.04 | 1,078.69 | £1 | 17.35% |
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 Alderton.
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 (14) will be useful.
In Alderton, how has the number of houses changed?
Whenever you are thinking about looking for houses for sale in Alderton, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Alderton growth rate | 5% | 15% | 22% |
As the population of Alderton grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
Get professional help on the houses for sale in Alderton
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
What is the asking price on average of houses for sale in Alderton?
Table showing the asking prices for houses for sale in Alderton
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £272,294 |
| Average asking price (3 bed) | £365,862 |
| Average asking price (4 bed) | £550,510 |
| Average asking price (5 bed) | £831,612 |
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 £1,863. 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 Alderton has a lack of supply of housing in certain categories.
When investors make offers for houses for sale in Alderton, the average price asked by the homeowners works out to be £409,138.
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 Alderton 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.
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