- 1 We help you find the right agent
- 2 Thinking of a different city and perhaps a different location?
- 3 What kind of demographics does the city of Aldeburgh have?
- 4 Choose the right house for sale that suits your needs
- 5 In general, what do houses for sale sell for in Aldeburgh?
- 6 Asking price in Aldeburgh for a house for sale
- 7 Who can help you buy a house for sale in Aldeburgh?
- 8 How are rental yields of the houses for sale different to the rest of the UK in Aldeburgh?
- 9 Frequently Asked Questions (FAQ)
Aldeburgh might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Suffolk.
Before looking for a house for sale in the city of Aldeburgh we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Aldeburgh.
Thinking of a different city and perhaps a different location?
You can consult our list below that goes over a list of cities not necessarily in East of England, allowing you to find similar places to Aldeburgh:
- horsehay in East of England
- egremont in East of England
- brenkley in East of England
- ancton in East of England
- dumbleton in East of England
You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK
What kind of demographics does the city of Aldeburgh have?
What is the population of Aldeburgh?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Aldeburgh if 2444 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Aldeburgh such as rental yield or house appreciation.
How has the population size of Aldeburgh adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Aldeburgh by 3%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 3% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Aldeburgh?
In the last decade, the population of Aldeburgh has been adjusted by 4%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
Is the crime rate bad in the city of Aldeburgh?
For the city of Aldeburgh, crime rate is at 47. So for every 1000 people in the area, 47 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 Aldeburgh, what are the deprivation levels like?
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 Aldeburgh is £0 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.
How much are those living in Aldeburgh 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 Aldeburgh. Compare the area’s average household income of £37,400.00 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 0.24 for more conclusive data on the affluence of the area.
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 94 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.
What is the social grade score of 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 0.24.
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|
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, how educated are people in general?
In the city of Aldeburgh, 32% 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 Aldeburgh is £37,400.00. 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.
Choose the right house for sale that suits your needs
When browsing houses for sale in Aldeburgh 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 – it 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. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
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.
In general, what do houses for sale sell for in Aldeburgh?
In Aldeburgh, the average sale price of a house for sale is in fact £459,450. This is dependent on the 10 year population growth of Aldeburgh being 4%. Growing populations are more likely to inflate the prices of houses for sale in the city of Aldeburgh.
|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 list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in 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|
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £4,360. This means if you are just looking out the houses sold in Aldeburgh in general and didn’t take into consideration the type of build. For example, a new build.
Asking price in Aldeburgh for a house for sale
Average price of 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 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 £0. 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 Aldeburgh has a lack of supply of housing in certain categories.
On average, in Aldeburgh, the asking price for a house for sale in the area is £534,808.
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 Aldeburgh. 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.
Who can help you buy a house for sale in Aldeburgh?
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
How are rental yields of the houses for sale different to the rest of the UK in Aldeburgh?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Aldeburgh, currently, £0 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 and how much you can charge for rent in your ast (assured tenancy shorthold).
Are there more or fewer houses being built in Aldeburgh?
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 Aldeburgh at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Aldeburgh growth rate||18%||38%||34%|
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 Aldeburgh 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 Aldeburgh.
Frequently Asked Questions (FAQ)
Are there opportunities for property renovation in Aldeburgh?
Properties in the city of Aldeburgh may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 4 approvals every month with an approval of nan based on a population of 2444. Compare other places in the UK to make this figure make more sense.
How many property sales occur per month in Aldeburgh?
In the city of Aldeburgh, there are 3 and in the total for the UK, there are around 1.1 million property sales.
In a city like Aldeburgh, what’s the yearly fluctuation in population?
To assess the shifts in Aldeburgh’s population over time, analyse how the population has altered. Look at the ten year change of population of 4%, alongside the five-year change of 3%.
prices for houses on sale in the broader vicinity of Aldeburgh?
The average cost per square foot for a house in Aldeburgh is presently £0.
Is purchasing a house in Aldeburgh considered a costly decision?
Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Aldeburgh, this stands at £459,450, whereas the UK’s mean is £286,500.