Alkmonton can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Alkmonton.
On top of this, keep reading for detailed information on the demographics of Alkmonton in Derbyshire. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
In general, what do houses for sale sell for in Alkmonton?
In Alkmonton, the average sale price of a house for sale is in fact £299,389. This is dependent on the 10 year population growth of Alkmonton being 3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Alkmonton.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£377,718|
|Aerage sold price (semi-detached)||£224,688|
|Aerage sold price (terraced)||£178,073|
|Aerage sold price (flat)||£178,811|
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 Alkmonton.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,590|
|Aerage sold price/sqft (new build)||£2,600|
|Aerage sold price/sqft (old stock)||£2,450|
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 £2,590. This means if you are just looking out the houses sold in Alkmonton in general and didn’t take into consideration the type of build. For example, a new build.
Why you should consider the average rental yield when searching for houses for sale in Alkmonton
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 Alkmonton to Derbyshire and the broader suburb of the UK; East Midlands.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Alkmonton||no relevant data for this city||no relevant data for this city||no relevant data for this city||10.0%|
Let’s assume you want to sell the house you’re looking to buy in Alkmonton for profit in the future, in this case, looking at the data for the number of houses sold per month in Alkmonton would give you an idea of whether the area is actively getting new investors. This figure is 17.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Alkmonton. 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.
What is the growth in the housing market of Alkmonton?
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 Alkmonton that shows the growth in recent years.
|1 year||3 years||5 years|
|Alkmonton growth rate||3%||17%||18%|
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 Alkmonton is important.
What is the asking price on average of houses for sale in Alkmonton?
The average asking price for the houses for sale in the city of Alkmonton
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£229,650|
|Average asking price (3 bed)||£341,612|
|Average asking price (4 bed)||£562,603|
|Average asking price (5 bed)||£700,882|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Alkmonton is £0. This should show you the general prices overall and for individual types of houses too.
When speaking about the city of Alkmonton, £418,768 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 Alkmonton.
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.
What are the demographics like in the city of Alkmonton?
How much do people in Alkmonton 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 (28%). 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 Alkmonton, this works out to be £46,300. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Is the crime rate bad in the city of Alkmonton?
For every one thousand people living in Alkmonton, 58 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 58 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
How educated are the people in Alkmonton?
In Alkmonton, the proportion of people who have a degree is 32%. 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 Alkmonton is £46,300.
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.
What’s a social grade score and how does it relate to Alkmonton?
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 Alkmonton, the percentage of people in the two highest categories, A and B is 28%. 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 £46,300. This income will generally get bigger as the percentage of people in the A and B categories go up too (28%).
How deprived is the population of Alkmonton?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Alkmonton, currently, 18% 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.
In the city of Alkmonton, 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 Alkmonton is 25,599.
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 Alkmonton.
In Alkmonton, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 2%. 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 Alkmonton 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 (2%) 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.
Alkmonton population difference over 10 years?
The population has adjusted in the area of Alkmonton by 3% 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 Alkmonton.
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.
Alkmonton 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 Alkmonton 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 Alkmonton, 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.
Do the people of Alkmonton get to enjoy green space?
Whether you view green space in Alkmonton 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 Alkmonton, the number of acres of green space for every 1000 people currently is 16.0 which can be measured against the UK average of 1.7.
Advice from experts on properties for sale in Alkmonton
Invest in a house for sale that meets your demands
What parameters impact the final price of a house for sale in Alkmonton?
Here below is our list with the most important ones:
- House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
- House Location – the actual location of a house for sale drastically changes the final price of a property
- Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
- Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
- Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
- Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
- Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
- Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
- Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.
houses for sale in other cities in the UK
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 Alkmonton:
- Atterby in East Midlands
- Beauchief in East Midlands
- Arksey in East Midlands
- Alport in East Midlands
- Conisbrough in East Midlands
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK