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How much does a house for sale cost in Alrewas?

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 Alrewas?

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Whenever looking for a house for sale in the UK or in Alrewas, it is vital you look at the market trends and house price fluctuations in the wider area of Staffordshire 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 Alrewas.

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

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

In Alrewas, houses for sale are sold at an average of £255,006. 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 Alrewas. 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) £328,513
Aerage sold price (semi-detached) £199,012
Aerage sold price (terraced) £158,958
Aerage sold price (flat) £167,658

As you can see above, for Alrewas, 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 7% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £2,390
Aerage sold price/sqft (new build) £2,410
Aerage sold price/sqft (old stock) £2,320

Looking at the second table about Alrewas, 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 Alrewas is £2,640.

Other cities in different locations you can consider to buy property

You can consult our list below that goes over a list of cities not necessarily in East Midlands, allowing you to find similar places to Alrewas:

You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK

Professional advice for houses for sale in Alrewas

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

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

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 Alrewas.

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

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Alrewas £0 £1,004 £1 £0
Staffordshire 3.76% £767.24 113.22% 20.39%
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 Alrewas which is 29 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 Alrewas is to invest in. Both in terms of rental yield and capital appreciation.

Is the housing market in Alrewas growing?

Whenever you are thinking about looking for houses for sale in Alrewas, 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
Alrewas growth rate 1% 14% 14%

As the population of Alrewas 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.

Finding the ideal house for sale for you

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

Are there any important statistics about the population of Alrewas?

In Alrewas, what are the deprivation levels like?

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 Alrewas, in particular, the deprivation levels are £0.

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

Is the crime rate bad in the city of Alrewas?

Within Alrewas, the number of people committing crimes is 4700% per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 4700% figure carefully.

What salary does the community in Alrewas take home?

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 (25%). 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 Alrewas, this works out to be £44,600.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

In the city of Alrewas, is there a lot of green space?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Alrewas, the city has 7 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Alrewas.

Located in Staffordshire is the city of Alrewas, 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 Alrewas 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 Alrewas 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.

For the city of Alrewas, what is the education level?

The number of people as a percentage who have been through university and gained a degree is 24%. The ability to buy a home is greatly influenced by the number of people who have degrees. £44,600.00 is the amount people in Alrewas are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Alrewas, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

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

In the city of Alrewas, the social grade score of the area is 25%. 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 Alrewas.

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 Alrewas, 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 Alrewas if 40309 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 Alrewas such as rental yield or house appreciation.

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

In the previous five years there has been a change in the number of people of Alrewas by 4%. 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 4% 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 Alrewas?

In the last decade, the population of Alrewas has been adjusted by 7%. 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.

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

Average price of houses for sale in Alrewas

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £238,074
Average asking price (3 bed) £293,088
Average asking price (4 bed) £446,185
Average asking price (5 bed) £612,660

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £2,890. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Alrewas has a lack of supply of housing in certain categories.

When investors make offers for houses for sale in Alrewas, the average price asked by the homeowners works out to be £356,339.

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 Alrewas 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.

Frequently Asked Questions

If you are a landlord, should you renovate a property in the city of Alrewas?

Properties in the city of Alrewas may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 25 approvals every month with an approval of nan based on a population of 40309. Compare other places in the UK to make this figure make more sense.

What’s the number of property sales each month in Alrewas?

The city of Alrewas sees around 29 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.

What’s the year-over-year population change in Alrewas or similar cities?

For a comprehensive analysis of Alrewas’s population trends, observe the population fluctuation over a decade, indicated by 7%, and the five-year alteration represented by 4%. Perhaps also look at data from another nearby city too so you can see a comparison.

What are the asking rates for houses for sale in the surrounding area of Alrewas?

The current average price per square foot for a house in Alrewas stands at £2,890, considering the mean cost for each square foot of houses for sale there.

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

To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Alrewas this number is £255,006 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house

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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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