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Aston Flamville – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East Midlands $ Aston Flamville – What to look for in houses for sale?

Aston Flamville 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 Aston Flamville.

On top of this, keep reading for detailed information on the demographics of Aston Flamville in Leicestershire. 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.

What are the demographics like in the city of Aston Flamville?

In Aston Flamville, how has the population changed?

The city of Aston Flamville has a total population of 47,511. 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 Aston Flamville 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 Aston Flamville

Over time, in the last five years, the population of the city of Aston Flamville has changed by 5%. 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 5% 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 Aston Flamville?

In the last 10 years, there has been a shift in the population of 9%.

Comparing this to the 5 year figure of Aston Flamville 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.

Is the city of Aston Flamville deprived?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Aston Flamville is 21% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

In Aston Flamville, what is the social grade score?

In the city of Aston Flamville, the social grade score of the area is 21%. 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 Aston Flamville.

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

How educated are the people in Aston Flamville?

In Aston Flamville, the proportion of people who have a degree is 23%. 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 Aston Flamville is £43,300.

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.

Aston Flamville in the county of Leicestershire 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 Aston Flamville 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 Aston Flamville, 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.

Are the people in Aston Flamville earning a lot?

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 £43,300.

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 Aston Flamville this figure is 21%.

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

In the city of Aston Flamville, there are 13.2 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Aston Flamville is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

Is the crime rate bad in the city of Aston Flamville?

For the city of Aston Flamville, crime rate is at 82. So for every 1000 people in the area, 82 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

In Aston Flamville, what are the rental yields?

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.

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 in to all the details of Aston Flamville.

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

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Aston Flamville 3.2% £791 132% 21.0%
Leicestershire 3.36% £869 102.50% 16.04%
East Midlands 4.02% £775 113.13% 19.44%

Also, you can compare other data to the table above such as the number of houses sold per month in Aston Flamville which is 56 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 Aston Flamville is to invest in. Both in terms of rental yield and capital appreciation.

Is the housing market in Aston Flamville growing?

Before committing to Aston Flamville 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.

1 year 3 years 5 years
Aston Flamville growth rate 8% 22% 31%

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 Aston Flamville is building housing to find your answer.

What is the asking price on average of houses for sale in Aston Flamville?

Average asking prices for houses for sale in Aston Flamville

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £208,433
Average asking price (3 bed) £284,531
Average asking price (4 bed) £426,085
Average asking price (5 bed) £626,818

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 (£2,730) for houses for sale with this table to get a good idea as to whether Aston Flamville is the right area to buy a house in for you.

On average, in Aston Flamville, the asking price for a house for sale in the area is £296,408.

The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Aston Flamville. From a 1 bedroom house up to a 5 bedroom house.

As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.

In Aston Flamville, what do houses for sale tend to sell for?

For the city of Aston Flamville, the average price a house sells for is £225,604. This value usually depends on the exact location of the house within Aston Flamville as well as other factors like the population growth in Aston Flamville which is 9% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £311,752
Aerage sold price (semi-detached) £198,342
Aerage sold price (terraced) £162,988
Aerage sold price (flat) £113,858

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 Aston Flamville.

Housing category Sale price per square foot
Aerage sold price/sqft £2,430
Aerage sold price/sqft (new build) £2,460
Aerage sold price/sqft (old stock) £2,310

Generalising the bottom table, the average value per square foot of a house for sale is £2,580. This value averages all of the types of houses for sale in Aston Flamville. 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 Aston Flamville.

Advice from experts on properties for sale in Aston Flamville

Other cities you can consider looking for with houses for sale

Below are a list of towns with a similar location to Aston Flamville.
Reading these analysis will help you evaluate the different houses for sale currently listed in East Midlands:

If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.

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.

Choose the right house for sale that suits your needs

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Aston Flamville

  • 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.

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