Ault Hucknall 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 Ault Hucknall.
On top of this, keep reading for detailed information on the demographics of Ault Hucknall in Derbyshire. 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.
Always consider average rental yield when searching for houses for sale in Ault Hucknall
In Ault Hucknall, how has the number of houses changed?
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 Ault Hucknall at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Ault Hucknall growth rate||-2%||10%||26%|
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 Ault Hucknall 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 Ault Hucknall.
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 Ault Hucknall.
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 (Derbyshire) as well as the broader region; East Midlands.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Ault Hucknall||no relevant data for this city||no relevant data for this city||no relevant data for this city||18.0%|
Also, you can compare other data to the table above such as the number of houses sold per month in Ault Hucknall which is 24 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 Ault Hucknall is to invest in. Both in terms of rental yield and capital appreciation.
In Ault Hucknall, what are the demographics like?
Ault Hucknall in the county of Derbyshire 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 Ault Hucknall 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 Ault Hucknall, 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.
For the city of Ault Hucknall, what is the education level?
In the city of Ault Hucknall, 17% 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 Ault Hucknall is £34,500. 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.
What’s a social grade score and how does it relate to Ault Hucknall?
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 Ault Hucknall in grades A or B which are the highest skilled roles in the country is 13%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £34,500 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 13%.
Is the crime rate bad in the city of Ault Hucknall?
The crime rate of Ault Hucknall 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 128, 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 (128) is both useful and is recommended to be compared to the average.
Is there sufficient green space in Ault Hucknall?
In the city of Ault Hucknall, there are 63.8 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 Ault Hucknall is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
How much are those living in Ault Hucknall 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 Ault Hucknall. Compare the area’s average household income of £34,500 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 13% for more conclusive data on the affluence of the area.
What does the population of Ault Hucknall look like?
Population growth in Ault Hucknall is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Ault Hucknall, 21,703 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Ault Hucknall in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Ault Hucknall, this change has been 4%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 4%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Ault Hucknall?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 6% in Ault Hucknall.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
In Ault Hucknall, what are the deprivation levels like?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 34% for Ault Hucknall should give you a nice idea of the deprivation in the area.
Asking price in Ault Hucknall for a house for sale
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 Ault Hucknall 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 £232,351.
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 Ault Hucknall.
Average price of houses for sale in Ault Hucknall
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£162,979|
|Average asking price (3 bed)||£206,797|
|Average asking price (4 bed)||£330,312|
|Average asking price (5 bed)||no relevant data for this city|
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £2,320. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Ault Hucknall has a lack of supply of housing in certain categories.
In Ault Hucknall, what do houses for sale tend to sell for?
In Ault Hucknall, houses for sale are sold at an average of £155,138. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Ault Hucknall. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£234,769|
|Aerage sold price (semi-detached)||£137,098|
|Aerage sold price (terraced)||£96,468|
|Aerage sold price (flat)||no relevant data for this city|
As you can see above, for Ault Hucknall, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 6% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,750|
|Aerage sold price/sqft (new build)||£2,160|
|Aerage sold price/sqft (old stock)||£1,600|
Looking at the second table about Ault Hucknall, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Ault Hucknall is £2,040.
Get professional help on the houses for sale in Ault Hucknall
Other cities you can consider looking for with houses for sale
We have prepared a list of cities in East Midlands, the same UK region of Ault Hucknall that can help you evaluate the different houses for sale listed in the region:
- Chapeltown in East Midlands
- Aspley in East Midlands
- Doncaster in East Midlands
- Allestree in East Midlands
- Auckley in East Midlands
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
Choose the right house for sale that suits your needs
When browsing houses for sale in Ault Hucknall you should think about lots of different criteria:
House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale
Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
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.
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