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How much does a house for sale cost in Aldwark?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East Midlands $ How much does a house for sale cost in Aldwark?

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 Aldwark, Derbyshire.

From the average asking price of houses for sale in Aldwark to the growth of the population in the area, all will be talked about regarding the city of Aldwark. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

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

In Aldwark, houses for sale are sold at an average of £261,278. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Aldwark. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

Housing category Total final sale price
Aerage sold price (detached) £342,287
Aerage sold price (semi-detached) £216,877
Aerage sold price (terraced) £179,725
Aerage sold price (flat) £219,692

As you can see above, for Aldwark, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 2% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £2,540
Aerage sold price/sqft (new build) £2,660
Aerage sold price/sqft (old stock) £2,420

Looking at the second table about Aldwark, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Aldwark is £2,740.

In Aldwark, what are the demographics like?

What salary does the community in Aldwark take home?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in Aldwark. Compare the area’s average household income of £45,100 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 28% for more conclusive data on the affluence of the area.

Do the people of Aldwark get to enjoy green space?

In the city of Aldwark, there are 19.2 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 Aldwark is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

Aldwark in the county of Derbyshire 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 Aldwark is located in; East Midlands.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Aldwark, 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.

How deprived is the population of Aldwark?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Aldwark, currently, 22% 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.

Is the crime rate bad in the city of Aldwark?

For the city of Aldwark, crime rate is at 78. So for every 1000 people in the area, 78 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.

What is the education level like in Aldwark?

Interestingly, the percentage of people who have a degree in the city of Aldwark is 32%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Aldwark is £45,100.

Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.

Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.

However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.

In Aldwark, what is the social grade score?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Aldwark compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Aldwark, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 28%.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

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 Aldwark, 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 Aldwark if 33,465 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 Aldwark such as rental yield or house appreciation.

How has the population size of Aldwark adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Aldwark by 2%. 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 2% 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 Aldwark?

In the last decade, the population of Aldwark has been adjusted by 2%. 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.

What’s the rental yield in general for the city of Aldwark?

If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.

This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.

The table below represents this data and compares Aldwark to Derbyshire and the broader suburb of the UK; East Midlands.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Aldwark 3.2% £863 132% 12.0%
Derbyshire 3.76% £772 125.53% 20.69%
East Midlands 4.02% £775 113.13% 19.44%

Let’s assume you want to sell the house you’re looking to buy in Aldwark for profit in the future, in this case, looking at the data for the number of houses sold per month in Aldwark would give you an idea of whether the area is actively getting new investors. This figure is 20.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Aldwark. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.

The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.

Is the housing market in Aldwark growing?

Whenever you are thinking about looking for houses for sale in Aldwark, 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
Aldwark growth rate 6% 12% 26%

As the population of Aldwark 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.

On average, what is the figure for the asking price of a house for sale in Aldwark?

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

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £221,468
Average asking price (3 bed) £321,394
Average asking price (4 bed) £477,241
Average asking price (5 bed) £660,000

After looking at this table about prices of houses for sale in Aldwark, 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 £2,930 will help them to have a more wholistic understanding.

On average, in Aldwark, the asking price for a house for sale in the area is £320,545.

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 Aldwark. 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.

Invest in houses for sale in Aldwark with the right professional advice

Invest in a house for sale that meets your demands

Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Aldwark.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)
  • Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
  • Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
  • Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
  • EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
  • Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
  • Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.

Thinking about other cities with houses for sale?

Examine this short list of cities belonging to East Midlands, the same region where Aldwark is located.

If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.

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

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