As a landlord, whenever you are looking at houses for sale in Lincolnshire, you could find varying prices throughout an area like Apley. 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 Apley 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 Apley will be revealed. Keep reading.
How are rental yields of the houses for sale different to the rest of the UK in Apley?
What is the growth in the housing market of Apley?
Before committing to Apley to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|Apley growth rate
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Apley is building housing to find your answer.
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Apley, currently, £0 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 and how much you can charge for rent in your ast (assured tenancy shorthold).
Are you considering other cities with houses for sale?
If you are looking for similar places to buy a house that are just like Apley, examine this short list of cities below from outside of the region of East Midlands for some inspiration.
- abercastle in East Midlands
- digswell in East Midlands
- stevenage in East Midlands
- aird-dhail in East Midlands
- alvingham in East Midlands
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
A house for sale that is right for you
Many criteria impact the price of houses for sale in Apley.
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.
What is the asking price on average of houses for sale in Apley?
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Apley determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £262,524.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Apley.
Table showing the asking prices for houses for sale in Apley
|Average asking price (1 bed)
|no relevant data for this city
|Average asking price (2 bed)
|Average asking price (3 bed)
|Average asking price (4 bed)
|Average asking price (5 bed)
|no relevant data for this city
After looking at this table about prices of houses for sale in Apley, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that 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 £0 will help them to have a more holistic understanding.
What are the demographics like in the city of Apley?
Is there sufficient green space in Apley?
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 Apley, the city has 5 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 Apley.
In Apley, what is the crime rate?
In Apley, for every 1000 people, there is currently a crime rate of 6200%. 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 (6200% 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.
In the city of Apley, has the population grown or shrunk?
In total, the number of people in Apley is 8884. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Apley, depending on where exactly you are.
How has Apley changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Apley has changed by 4%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 4% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Apley?
8% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Apley have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
What is a social grade score and how does this relate to Apley?
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 Apley 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 Apley, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 20%.
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.
|The proportion of the UK population (%)
|Professional, managerial or administrative
|Intermediate managerial or professional jobs
|Supervisory, junior managerial or professional jobs
|Skilled manual workers
|Semi and unskilled manual workers
|State pensioners, casual & lowest grade workers
How much are those living in Apley earning?
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 £41,400.00.
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 Apley this figure is 20%.
Is the education level of Apley important when buying a house?
The number of people as a percentage who have been through university and gained a degree is 26%. The ability to buy a home is greatly influenced by the number of people who have degrees. £41,400.00 is the amount people in Apley 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 Apley, 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.
Is the city of Apley deprived?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Apley is £0.
The city of Apley, situated in Lincolnshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Apley and its demographics will be compared to its wider location (East Midlands). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Apley. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In general, what do houses for sale sell for in Apley?
For the city of Apley, the average price a house sells for is £197,760. This value usually depends on the exact location of the house within Apley as well as other factors like the population growth which is 8% over a ten-year period.
|Total final sale price
|Aerage sold price (detached)
|Aerage sold price (semi-detached)
|Aerage sold price (terraced)
|Aerage sold price (flat)
|no relevant data for this city
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Apley.
|Sale price per square foot
|Aerage sold price/sqft
|Aerage sold price/sqft (new build)
|Aerage sold price/sqft (old stock)
Generalising the bottom table, the average value per square foot of a house for sale is £2,070. This value averages all of the types of houses for sale in Apley. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Apley.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.
Get professional help on the houses for sale in Apley
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
Do properties in Apley have the potential for renovation?
If planning permissions are abundant in the vicinity of Apley, it may look promising for landlords looking to renovate. With 6 getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 8884. A comparative analysis against other locations across the UK will lend you a good perspective of this data.
What is the monthly count of property transactions in Apley?
In the city of Apley, there are 8 and in the total for the UK, there are around 1.1 million property sales.
What is the population change each year in a city like Apley?
To assess the shifts in Apley’s population over time, analyse how the population has altered. Look at the ten year change of population of 8%, alongside the five-year change of 4%.
How much are houses for sale priced at in the extended region of Apley?
The current average price per square foot for a house in Apley stands at £0, considering the mean cost for each square foot of houses for sale there.
Is a house for sale in Apley an expensive choice?
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 Apley this number is £197,760 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