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What is it like buying a house in Aylestone?

by | Nov 15, 2022

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

As a landlord, whenever you are looking at houses for sale in Leicestershire, you could find varying prices throughout an area like Aylestone. 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 Aylestone 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 Aylestone will be revealed. Keep reading.

In Aylestone, what are the demographics like?

What is the population of Aylestone?

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 Aylestone is 118,270.

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 Aylestone.

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

In the last five years, over time, the change in population size was 3%. 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 Aylestone 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 (3%) 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.

Aylestone population difference over 10 years?

The population has adjusted in the area of Aylestone by 8% 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 Aylestone.

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.

Are the people of Aylestone deprived?

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 Aylestone, in particular, the deprivation levels are 27%.

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’s crime like in Aylestone?

The crime rate of Aylestone 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 111, 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 (111) is both useful and is recommended to be compared to the average.

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

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Aylestone, the percentage of people in the two highest categories, A and B is 22%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £39,900. This income will generally get bigger as the percentage of people in the A and B categories go up too (22%).

In Aylestone, how educated are people in general?

In the city of Aylestone, 25% 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 Aylestone is £39,900. 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.

Located in Leicestershire is the city of Aylestone, in a large part of the UK; East 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 Aylestone 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 Aylestone 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 the city of Aylestone, how much green space remains for residents?

Whether you view green space in Aylestone 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 Aylestone, the number of acres of green space for every 1000 people currently is 10.5 which can be measured against the UK average of 1.7.

Are the people in Aylestone earning a lot?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £39,900.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Aylestone this figure is 22%.

Asking price in Aylestone for a house for sale

When speaking about the city of Aylestone, £280,668 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Aylestone.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

The average asking price for the houses for sale in the city of Aylestone

Average asking price (1 bed) £118,664
Average asking price (2 bed) £208,959
Average asking price (3 bed) £276,115
Average asking price (4 bed) £431,999
Average asking price (5 bed) £589,680

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 (£3,300) for houses for sale with this table to get a good idea as to whether Aylestone is the right area to buy a house in for you.

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

In Aylestone, the average sale price of a house for sale is in fact £225,933. This is dependent on the 10 year population growth of Aylestone being 8%. Growing populations are more likely to inflate the prices of houses for sale in the city of Aylestone.

Housing category Total final sale price
Aerage sold price (detached) £368,660
Aerage sold price (semi-detached) £219,556
Aerage sold price (terraced) £172,986
Aerage sold price (flat) £132,566

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 Aylestone.

Housing category Sale price per square foot
Aerage sold price/sqft £2,430
Aerage sold price/sqft (new build) £2,660
Aerage sold price/sqft (old stock) £2,280

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 £2,860. This means if you are just looking out the houses sold in Aylestone in general and didn’t take into consideration the type of build. For example, a new build.

How are rental yields of the houses for sale different to the rest of the UK in Aylestone?

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Aylestone, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East Midlands. As well as Leicestershire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Aylestone 3.8% £878 74% 19.0%
Leicestershire 3.36% £869 102.50% 16.04%
East Midlands 4.02% £775 113.13% 19.44%

Assuming that in the future you want to re-sell the house you will eventually purchased in Aylestone you might be interested in the number of sales per month (74) that happen in the local housing market. Comparing this figure for Aylestone with the above table gives you a good understanding of the profitability of the area.

In Aylestone, how has the number of houses changed?

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

1 year 3 years 5 years
Aylestone growth rate -6% 16% 33%

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 Aylestone 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 Aylestone.

Advice from experts on properties for sale in Aylestone

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

Invest in a house for sale that meets your demands

When browsing houses for sale in Aylestone 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 – 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

  • 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.

House for sale in the same UK region

You can assess the various houses for sale offered in the area by consulting this list of cities in East Midlands, the same UK region as Aylestone:

You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK

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