Whenever looking for a house for sale in the UK or in Apperknowle, it is vital you look at the market trends and house price fluctuations in the wider area of Derbyshire 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 Apperknowle.
In this article, we will be looking at the city of Apperknowle in detail so you know how to navigate the area and have a better understanding on where to invest.
What is the asking price on average of houses for sale in Apperknowle?
When speaking about the city of Apperknowle, £308,289 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 Apperknowle.
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.
The average asking price for the houses for sale in the city of Apperknowle
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£243,391|
|Average asking price (3 bed)||£289,272|
|Average asking price (4 bed)||£392,995|
|Average asking price (5 bed)||no relevant data for this city|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Apperknowle is the right area to buy a house in for you.
Why you should consider the average rental yield when searching for houses for sale in Apperknowle
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 Apperknowle. 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 Apperknowle.
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 (Derbyshire), a regional level (East Midlands) and finally on the level of the city talked about in this article, Apperknowle.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Apperknowle||3.0%||£767||no relevant data for this city||23.0%|
You may also find it useful to compare the data above to the number of properties sold per month Apperknowle experiences. This figure for house sales per month is 16. 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 Apperknowle?
The growth of an area like Apperknowle 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|
|Apperknowle growth rate||15%||30%||37%|
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 Apperknowle if you want to find out the exact reasons for the housing change.
In Apperknowle, what do houses for sale tend to sell for?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Apperknowle. In Apperknowle, this sale price works out to be £250,892. As an example, a factor like population growth over the last 10 years which works out to be 3% in Apperknowle and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£320,696|
|Average sold price (semi-detached)||£214,687|
|Average sold price (terraced)||£178,268|
|Average sold price (flat)||£117,954|
Above, the exact type of house is also shown to vary in price in a table in Apperknowle. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£2,620|
|Average sold price/sqft (new build)||£0|
|Average sold price/sqft (old stock)||£2,500|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Apperknowle which is £2,620. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
What are the demographics like in the city of Apperknowle?
The city of Apperknowle, situated in Derbyshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Apperknowle 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 Apperknowle. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In the city of Apperknowle, how much green space remains for residents?
Whether you view green space in Apperknowle 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 Apperknowle, the number of acres of green space for every 1000 people currently is 27.9 which can be measured against the UK average of 1.7.
Is the education level of Apperknowle important when buying a house?
The number of people as a percentage who have been through university and gained a degree is 28%. The ability to buy a home is greatly influenced by the number of people who have degrees. £45,200 is the amount people in Apperknowle are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlates. 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 Apperknowle, 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 is the social grade score of Apperknowle?
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 Apperknowle 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 Apperknowle, 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|
What is the population of Apperknowle?
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 Apperknowle is 24,856.
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 Apperknowle.
In Apperknowle, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 3%. 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 Apperknowle 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 (3%) 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.
Apperknowle population difference over 10 years?
The population has adjusted in the area of Apperknowle 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 Apperknowle.
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.
How much are those living in Apperknowle earning?
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 Apperknowle. Compare the area’s average household income of £45,200 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.
Are the deprivation levels of the UK any different to Apperknowle?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Apperknowle, currently, 18% of 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’s the crime rate in Apperknowle?
In Apperknowle, for every 1000 people, there is currently a crime rate of 53. 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 (53 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.
Invest in houses for sale in Apperknowle with the right professional advice
houses for sale in other cities in the UKBelow are a list of towns with a similar location to Apperknowle. Reading these analysis will help you evaluate the different houses for sale currently listed in East Midlands:
- Birley-Carr in East Midlands
- Doncaster in East Midlands
- Leicester in East Midlands
- Babworth in East Midlands
- Castle-Gresley in East Midlands
A house for sale appropriate to your needsFind here below a list of criteria that we suggest you consider before looking for houses for sale in Apperknowle
affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
- 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