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How much does a house for sale cost in Aspley?

by | Nov 15, 2022

Home $ House for sale in the UK $ How much does a house for sale cost in Aspley?

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Whenever looking for a house for sale in the UK or in Aspley, it is vital you look at the market trends and house price fluctuations in the wider area of Nottinghamshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Aspley.

In this article, we will be looking at the city of Aspley in detail so you know how to navigate the area and have a better understanding on where to invest.

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

On average, in Aspley, the asking price for a house for sale in the area is £254,387.

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 Aspley. 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.

Average prices for the houses for sale in Aspley

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £184,700
Average asking price (3 bed) £244,544
Average asking price (4 bed) £405,365
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 (£0) for houses for sale with this table to get a good idea as to whether Aspley is the right area to buy a house in for you.

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

In Aspley, the average sale price of a house for sale is in fact £197,127. This is dependent on the 10 year population growth of Aspley being 12%. Growing populations are more likely to inflate the prices of houses for sale in the city of Aspley.

Housing category Total final sale price
Aerage sold price (detached) £284,885
Aerage sold price (semi-detached) £164,791
Aerage sold price (terraced) £120,783
Aerage sold price (flat) £93,479

The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Aspley.

Housing category Sale price per square foot
Aerage sold price/sqft £2,170
Aerage sold price/sqft (new build) £2,400
Aerage sold price/sqft (old stock) £1,970

Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.

On average, the cost of a house for sale per square foot works out to be £2,170. This means if you are just looking out the houses sold in Aspley in general and didn’t take into consideration the type of build. For example, a new build.

What are the demographics like in the city of Aspley?

In general, do people commit a lot of crime in Aspley?

For the city of Aspley, crime rate is at 12600%. So for every 1000 people in the area, 12600% 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.

Is there sufficient green space in Aspley?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In Aspley, 15 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Aspley.

Are the people of Aspley deprived?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Aspley is £0 and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

The city of Aspley, situated in Nottinghamshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Aspley and its demographics will be compared to its wider location (East Midlands). 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 Aspley. So, taking a good look at the data is essential to understand the area you are considering to buy in.

How educated are the people in Aspley?

In Aspley, the proportion of people who have a degree is 20%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Aspley is £34,800.00.

This figure for average household income usually goes up alongside the percentage of people who have degrees.

However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.

Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.

In Aspley, what is the social grade score?

In the city of Aspley, the social grade score of the area is 15%. 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 Aspley.

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

In the city of Aspley, has the population grown or shrunk?

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 Aspley is 63834.

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 Aspley.

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

In the last five years, over time, the change in population size was 6%. 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 Aspley 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 (6%) 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.

Aspley population difference over 10 years?

The population has adjusted in the area of Aspley by 12% 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 Aspley.

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.

How much are those living in Aspley earning?

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 Aspley, the average income is £34,800.00. 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 15% to decide on what the demographics are like in the area.

A house for sale appropriate to your needs

When browsing houses for sale in Aspley you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
  • Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
  • 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.

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

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

  • Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
  • Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
  • Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
  • Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
  • Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
  • Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

Why you should consider the average rental yield when searching for houses for sale in Aspley

Are there more or fewer houses being built in Aspley?

Whenever you are thinking about looking for houses for sale in Aspley, 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
Aspley growth rate -3% 13% 20%

As the population of Aspley 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.

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. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.

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 into all the details of Aspley.

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 (Nottinghamshire) as well as the broader region; East Midlands.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Aspley £0 £1,030 £1 £0
Nottinghamshire 4.39% £865.10 134.00% 19.74%
East Midlands 0.04 774.81 £1 19.44%

Also, you can compare other data to the table above such as the number of houses sold per month in Aspley which is 31 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 Aspley is to invest in. Both in terms of rental yield and capital appreciation.

Thinking of a different city and perhaps a different location?

Below is a list of towns that differ from Aspley.
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 East Midlands:

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.

FAQ

Are there opportunities for property renovation in Aspley?

Aspley is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 18 each month, attaining a success rate of nan and a total population of 63834. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

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

In the city of Aspley, there are 31 and in the total for the UK, there are around 1.1 million property sales.

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

Calculating the evolution of Aspley’s population requires an examination of the population transformation over a decade, amounting to 12%, and the five-year adjustment at 6%. 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

What is the asking price for houses for sale in the wider region of Aspley?

Currently, the mean asking price of a house in Aspley is £0, calculated using the average value per square foot

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

Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Aspley, this stands at £197,127, whereas the UK’s mean is £286,500.

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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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