Alvingham 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 Alvingham.
On top of this, keep reading for detailed information on the demographics of Alvingham in Lincolnshire. 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.
Asking price in Alvingham for a house for sale
When investors make offers for houses for sale in Alvingham, the average price asked by the homeowners works out to be £279,197.
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 Alvingham 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.
The average asking price for the houses for sale in the city of Alvingham
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £179,801 |
| Average asking price (3 bed) | £257,216 |
| Average asking price (4 bed) | £368,831 |
| Average asking price (5 bed) | £633,929 |
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 £0. 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 Alvingham has a lack of supply of housing in certain categories.
Always consider average rental yield when searching for houses for sale in Alvingham
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Alvingham. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Alvingham.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Lincolnshire), a regional level (East Midlands) and finally on the level of the city talked about in this article, Alvingham.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Alvingham | 2.8% | £646 | 140% | 10.0% |
| Lincolnshire | 3.97% | £689 | 100.56% | 15.86% |
| East Midlands | 4.02% | £775 | 113.13% | 19.44% |
You may also find it useful to compare the data above to the number of properties sold per month Alvingham experiences. This figure for house sales per month is 22. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
Are there more or fewer houses being built in Alvingham?
The growth of an area like Alvingham can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Alvingham growth rate | -5% | 6% | 22% |
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Alvingham if you want to find out the exact reasons for the housing change.
In general, for the city of Alvingham, what are the final purchase prices for the houses for sale?
In Alvingham, houses for sale are sold at an average of £197,778. 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 Alvingham. 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) | £253,746 |
| Aerage sold price (semi-detached) | £162,343 |
| Aerage sold price (terraced) | £129,539 |
| Aerage sold price (flat) | £95,583 |
As you can see above, for Alvingham, 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 4% where lots of movement may inflate or deflate house prices.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,840 |
| Aerage sold price/sqft (new build) | £1,880 |
| Aerage sold price/sqft (old stock) | £1,770 |
Looking at the second table about Alvingham, 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 Alvingham is £1,840.
What are the demographics like in the city of Alvingham?
Located in Lincolnshire is the city of Alvingham, 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 Alvingham 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 Alvingham 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.
What is a social grade score and how does this relate to Alvingham?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.
The number of people in Alvingham in grades A or B which are the highest skilled roles in the country is 17%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £36,500 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 17%.
Are the people in Alvingham earning a lot?
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 Alvingham. Compare the area’s average household income of £36,500 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 17% for more conclusive data on the affluence of the area.
How educated are the people in Alvingham?
In the city of Alvingham, 23% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Alvingham is £36,500.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Is there sufficient green space in Alvingham?
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 Alvingham, the city has 17.1 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 Alvingham.
Is the crime rate bad in the city of Alvingham?
In Alvingham, for every 1000 people, there is currently a crime rate of 83. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (83 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
Is the city of Alvingham deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Alvingham, currently, 24% 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.
What is the population of Alvingham?
The city of Alvingham has a total population of 28,179. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Alvingham is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Alvingham
Over time, in the last five years, the population of the city of Alvingham has changed by 3%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 3% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Alvingham?
In the last 10 years, there has been a shift in the population of 4%.
Comparing this to the 5 year figure of Alvingham can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
Invest in houses for sale in Alvingham with the right professional advice
Are you considering other cities with houses for sale?
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 Alvingham:
- Blyth in East Midlands
- Apperknowle in East Midlands
- Broomhill in East Midlands
- Brigg in East Midlands
- Ashby-Cum-Fenby in East Midlands
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
Choose the right house for sale that suits your needs
Many criteria impact the price of houses for sale in Alvingham.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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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.
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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
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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
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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.
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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
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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
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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.
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