As a landlord, whenever you are looking at houses for sale in Lincolnshire, you could find varying prices throughout an area like Aubourn. 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 Aubourn 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 Aubourn will be revealed. Keep reading.
What kind of demographics does the city of Aubourn have?
How much green space is available to residents of Aubourn?
In the city of Aubourn, there are 5.9 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 Aubourn is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What’s the crime rate in Aubourn?
The crime rate of Aubourn must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 158, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (158) is both useful and is recommended to be compared to the average.
In the city of Aubourn, has the population grown or shrunk?
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 Aubourn is 32,965.
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 Aubourn.
In Aubourn, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 4%. 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 Aubourn 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 (4%) 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.
Aubourn population difference over 10 years?
The population has adjusted in the area of Aubourn by 9% 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 Aubourn.
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 educated are the people in Aubourn?
The number of people as a percentage who have been through university and gained a degree is 22%. The ability to buy a home is greatly influenced by the number of people who have degrees. £38,200 is the amount people in Aubourn 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 Aubourn, 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.
Aubourn in the county of Lincolnshire 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 Aubourn 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 Aubourn, 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.
In Aubourn, what is the social grade score?
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 Aubourn in grades A or B which are the highest skilled roles in the country is 18%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £38,200 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 18%.
How deprived is the population of Aubourn?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Aubourn, currently, 22% 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 salary does the community in Aubourn take home?
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 £38,200.
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 Aubourn this figure is 18%.
Asking price in Aubourn for a house for sale
On average, in Aubourn, the asking price for a house for sale in the area is £220,734.
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 Aubourn. 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.
Average price of houses for sale in Aubourn
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£157,152|
|Average asking price (3 bed)||£209,735|
|Average asking price (4 bed)||£327,475|
|Average asking price (5 bed)||£522,867|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Aubourn and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.
Why you should consider the average rental yield when searching for houses for sale in Aubourn
Are there more or fewer houses being built in Aubourn?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Aubourn at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Aubourn growth rate||-9%||7%||21%|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Aubourn gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Aubourn.
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Aubourn to Lincolnshire and the broader suburb of the UK; East Midlands.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Let’s assume you want to sell the house you’re looking to buy in Aubourn for profit in the future, in this case, looking at the data for the number of houses sold per month in Aubourn would give you an idea of whether the area is actively getting new investors. This figure is 30.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Aubourn. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
What is the final sale price of a house in Aubourn?
As well as looking at the asking price for house for sale in Aubourn, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Aubourn.
Houses for sale, are sold on average in Aubourn, after the influence of these factors, at £185,907 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 9% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£279,321|
|Aerage sold price (semi-detached)||£173,912|
|Aerage sold price (terraced)||£117,971|
|Aerage sold price (flat)||£97,529|
This table above shows the average sale price for each variation of houses for sale in Aubourn.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,010|
|Aerage sold price/sqft (new build)||£2,330|
|Aerage sold price/sqft (old stock)||£1,870|
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Aubourn is £2,010.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Professional advice for houses for sale in Aubourn
Are you considering other cities with houses for sale?
Below are a list of towns with a similar location to Aubourn.
Reading these analysis will help you evaluate the different houses for sale currently listed in East Midlands:
- Buckminster in East Midlands
- Ab-Kettleby in East Midlands
- Adlingfleet in East Midlands
- Calke in East Midlands
- Gamston 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.
A house for sale that is right for you
What parameters impact the final price of a house for sale in Aubourn?
Here below is our list with the most important ones:
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
House Location – the actual location of a house for sale drastically changes the final price of a property
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
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