What is it like buying a house in Auckley?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East Midlands $ What is it like buying a house in Auckley?

As a landlord, whenever you are looking at houses for sale in South Yorkshire, you could find varying prices throughout an area like Auckley. 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 Auckley 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 Auckley will be revealed. Keep reading.

Are there any important statistics about the population of Auckley?

Are the people in Auckley 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 £44,600.

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 Auckley this figure is 26%.

What’s a social grade score and how does it relate to Auckley?

In the city of Auckley and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.

In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.

When trying to determine if the area of Auckley has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 26%.

Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)

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’s crime like in Auckley?

The crime rate of Auckley 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 57, 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 (57) is both useful and is recommended to be compared to the average.

In the city of Auckley, how much green space remains for residents?

In the city of Auckley, there are 8.6 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 Auckley is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

In Auckley, how educated are people in general?

In the city of Auckley, 27% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Auckley is £44,600. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

Are the people of Auckley deprived?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Auckley, in particular, the deprivation levels are 19%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

The city of Auckley, situated in South Yorkshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Auckley 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 Auckley. So, taking a good look at the data is essential to understand the area you are considering to buy in.

What is the population of Auckley?

The city of Auckley has a total population of 19,790. 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 Auckley 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 Auckley

Over time, in the last five years, the population of the city of Auckley has changed by 2%. 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 2% 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 Auckley?

In the last 10 years, there has been a shift in the population of 4%.

Comparing this to the 5 year figure of Auckley 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.

Always consider average rental yield when searching for houses for sale in Auckley

Are there more or fewer houses being built in Auckley?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Auckley that shows the growth in recent years.

1 year 3 years 5 years
Auckley growth rate -9% 8% 20%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Auckley is important.

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 Auckley.

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 (South Yorkshire) as well as the broader region; East Midlands.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Auckley no relevant data for this city no relevant data for this city no relevant data for this city 12.0%
South Yorkshire 4.41% £714 106.44% 22.07%
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 Auckley which is 18 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 Auckley is to invest in. Both in terms of rental yield and capital appreciation.

On average, what is the figure for the asking price of a house for sale in Auckley?

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 Auckley 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 £297,727.

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 Auckley.

In the city of Auckley, what is the average asking price for the houses for sale?

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £163,000
Average asking price (3 bed) £260,519
Average asking price (4 bed) £383,816
Average asking price (5 bed) £449,500

After looking at this table about prices of houses for sale in Auckley, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 wholistic understanding.

In general, what do houses for sale sell for in Auckley?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Auckley. In Auckley, this sale price works out to be £230,054. As an example, a factor like population growth over the last 10 years which works out to be 4% in Auckley and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £257,344
Average sold price (semi-detached) £161,662
Average sold price (terraced) £133,406
Average sold price (flat) £83,438

Above, the exact type of house is also shown to vary in price in a table in Auckley. 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 £1,940
Average sold price/sqft (new build) £2,000
Average sold price/sqft (old stock) £1,840

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 Auckley which is £1,940. 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.

Invest in houses for sale in Auckley with the right professional advice

Choose the right house for sale that suits your needs

Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Auckley.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)

  • Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.

  • Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.

  • Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.

  • EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.

  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

  • Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month

  • Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.

Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.

Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.

Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:

  • Lender – This practitioner can lend you money to finalise a house purchase
  • Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
  • Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
  • Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
  • Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
  • Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase

Other cities you can consider looking for with houses for sale

Below are a list of towns with a similar location to Auckley.
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.