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How much does a house for sale cost in Aldeburgh?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ How much does a house for sale cost in Aldeburgh?

Whenever looking for a house for sale in the UK or in Aldeburgh, it is vital you look at the market trends and house price fluctuations in the wider area of Suffolk 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 Aldeburgh.

In this article, we will be looking at the city of Aldeburgh in detail so you know how to navigate the area and have a better understanding on where to invest.

What kind of demographics does the city of Aldeburgh have?

What does the population of Aldeburgh look like?

The city of Aldeburgh has a total population of 2,444. 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 Aldeburgh 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 Aldeburgh

Over time, in the last five years, the population of the city of Aldeburgh has changed by 3%. 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 3% 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 Aldeburgh?

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

Comparing this to the 5 year figure of Aldeburgh 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.

Are the deprivation levels of the UK any different to Aldeburgh?

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 Aldeburgh, in particular, the deprivation levels are 18%.

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

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

In the city of Aldeburgh 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 Aldeburgh has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 24%.

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 is the education level like in Aldeburgh?

The number of people as a percentage who have been through university and gained a degree is 32%. The ability to buy a home is greatly influenced by the number of people who have degrees. £37,400 is the amount people in Aldeburgh 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 Aldeburgh, 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.

In general, do people commit a lot of crime in Aldeburgh?

The crime rate of Aldeburgh 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 47, 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 (47) is both useful and is recommended to be compared to the average.

How much green space is available to residents of Aldeburgh?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Aldeburgh currently has 93.5 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Aldeburgh in this case.

How much are those living in Aldeburgh earning?

As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (24%). All in all, the area becomes a more desirable place to live in.

This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Aldeburgh, this works out to be £37,400. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

In the city of Aldeburgh, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Suffolk for example.

These demographics for Aldeburgh may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Aldeburgh in East of England.

In Aldeburgh, what do houses for sale tend to sell for?

For the city of Aldeburgh, the average price a house sells for is £459,450. This value usually depends on the exact location of the house within Aldeburgh as well as other factors like the population growth in Aldeburgh which is 4% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £597,651
Aerage sold price (semi-detached) £362,050
Aerage sold price (terraced) £389,836
Aerage sold price (flat) £367,983

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 Aldeburgh.

Housing category Sale price per square foot
Aerage sold price/sqft £4,360
Aerage sold price/sqft (new build) £3,600
Aerage sold price/sqft (old stock) £4,210

Generalising the bottom table, the average value per square foot of a house for sale is £4,360. This value averages all of the types of houses for sale in Aldeburgh. 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 Aldeburgh.

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

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Aldeburgh is £534,808.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Aldeburgh is useful when negotiating and knowing what to expect for every type of house for sale.

Table showing the asking prices for houses for sale in Aldeburgh

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) no relevant data for this city
Average asking price (3 bed) £514,286
Average asking price (4 bed) no relevant data for this city
Average asking price (5 bed) no relevant data for this city

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Aldeburgh is £0. This should show you the general prices overall and for individual types of houses too.

What’s the rental yield in general for the city of Aldeburgh?

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Aldeburgh, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East of England. As well as Suffolk, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Aldeburgh no relevant data for this city no relevant data for this city no relevant data for this city 11.0%
Suffolk 3.69% £992 125.38% 14.64%
East of England 3.49% £1,148 126.76% 16.58%

Assuming that in the future you want to re-sell the house you will eventually purchased in Aldeburgh you might be interested in the number of sales per month (3) that happen in the local housing market. Comparing this figure for Aldeburgh with the above table gives you a good understanding of the profitability of the area.

Are there new houses being built in Aldeburgh to make it grow?

Whenever you are thinking about looking for houses for sale in Aldeburgh, think about how the city is growing and how this may impact the overall growth of the area.

Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.

1 year 3 years 5 years
Aldeburgh growth rate 18% 38% 34%

As the population of Aldeburgh grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.

Professional advice for houses for sale in Aldeburgh

House for sale in the same UK region

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

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.

Choose the right house for sale that suits your needs

What parameters impact the final price of a house for sale in Aldeburgh?
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.

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

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