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What is it like buying a house in Alton?

by | Nov 15, 2022

Home $ House for sale in the UK $ What is it like buying a house in Alton?

As a landlord, whenever you are looking at houses for sale in Staffordshire, you could find varying prices throughout an area like Alton. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Alton to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Alton will be revealed. Keep reading.

In Alton, what is the asking price in general for a house for sale?

When investors make offers for houses for sale in Alton, the average price asked by the homeowners works out to be £334,670.

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 Alton 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.

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

Average asking price (1 bed) £194,545
Average asking price (2 bed) £217,812
Average asking price (3 bed) £317,011
Average asking price (4 bed) £484,978
Average asking price (5 bed) £923,750

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 (£880) for houses for sale with this table to get a good idea as to whether Alton is the right area to buy a house in for you.

What are the demographics like in the city of Alton?

Do the people of Alton get to enjoy green space?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Alton currently has 25.5 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Alton in this case.

How educated are the people in Alton?

In the city of Alton, 28% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Alton is £45,167. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

In Alton, what is the crime rate?

In Alton, for every 1000 people, there is currently a crime rate of 70. 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 (70 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 Alton 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 (24%). 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 Alton, this works out to be £45,167. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

How deprived is the population of Alton?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Alton, in particular, the deprivation levels are 22%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

What is the population of Alton?

Population growth in Alton is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Alton, 83,381 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Alton in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Alton, this change has been 2%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 2%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Alton?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 4% in Alton.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

What is the social grade score of Alton?

In the city of Alton 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 Alton has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 24%.

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

Located in Staffordshire is the city of Alton, in a large part of the UK; West Midlands. 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 Alton 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 Alton 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.

In Alton, what are the rental yields?

What is the growth in the housing market of Alton?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Alton that shows the growth in recent years.

1 year 3 years 5 years
Alton growth rate -4% 15% 17%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Alton is important.

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Alton. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Alton.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Staffordshire), a regional level (West Midlands) and finally on the level of the city talked about in this article, Alton.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Alton 3.2% £958 140% 14.0%
Staffordshire 3.76% £767 113.22% 20.39%
West Midlands 3.89% £877 119.29% 20.00%

You may also find it useful to compare the data above to the number of properties sold per month Alton experiences. This figure for house sales per month is 65. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

In general, what do houses for sale sell for in Alton?

For the city of Alton, the average price a house sells for is £268,391. This value usually depends on the exact location of the house within Alton as well as other factors like the population growth in Alton which is 4% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £371,486
Aerage sold price (semi-detached) £225,960
Aerage sold price (terraced) £185,930
Aerage sold price (flat) £143,599

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 Alton.

Housing category Sale price per square foot
Aerage sold price/sqft £2,677
Aerage sold price/sqft (new build) £2,713
Aerage sold price/sqft (old stock) £2,597

Generalising the bottom table, the average value per square foot of a house for sale is £2,753. This value averages all of the types of houses for sale in Alton. 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 Alton.

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

A house for sale that is right for you

Many criteria impact the price of houses for sale in Alton.
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.

In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.

The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:

  • Banks – Lend you the cash
  • Insurance companies – Insure your new real estate investment
  • Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
  • Surveyor – Carries out an independent and complete property valuation of the house for sale
  • Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
  • EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city

House for sale in the same UK region

Below are a list of towns with a similar location to Alton.
Reading these analysis will help you evaluate the different houses for sale currently listed in West Midlands:

If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.

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