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A guide on houses for sale in Aldham

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ A guide on houses for sale in Aldham

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Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Aldham, Suffolk.

From the average asking price of houses for sale in Aldham, to the growth of the population in the area, all will be talked about regarding the city of Aldham. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

What is the final sale price of a house in Aldham?

In Aldham, houses for sale are sold at an average of £345,194. 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 Aldham. 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) £429,073
Aerage sold price (semi-detached) £282,327
Aerage sold price (terraced) £241,252
Aerage sold price (flat) £189,710

As you can see above, for Aldham, 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 8% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £3,160
Aerage sold price/sqft (new build) £3,635
Aerage sold price/sqft (old stock) £3,060

Looking at the second table about Aldham, 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 Aldham is £3,345.

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

What is the growth in the housing market of Aldham?

The growth of an area like Aldham can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.

Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.

1 year 3 years 5 years
Aldham growth rate 4% 23% 17%

Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.

Make sure you do your own research specific to the city of Aldham if you want to find out the exact reasons for the housing change.

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. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.

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 into all the details of Aldham.

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 (Suffolk) as well as the broader region; East of England.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Aldham £0 £1,227 no relevant data for this city £0
Suffolk 3.69% £991.67 125.38% 14.64%
East of England 0.03 1,148.32 £1 16.58%

Also, you can compare other data to the table above such as the number of houses sold per month in Aldham which is 13 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 Aldham 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 Aldham?

When speaking about the city of Aldham, £447,472 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Aldham would be after a larger house than someone living alone.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

The average asking price for the houses for sale in the city of Aldham

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £293,293
Average asking price (3 bed) £391,988
Average asking price (4 bed) £581,565
Average asking price (5 bed) £808,950

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 £2,020. 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 Aldham has a lack of supply of housing in certain categories.

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

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 in different locations you can consider to buy property

Below is a list of towns that differ from Aldham.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to East of England:

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

In Aldham, what are the demographics like?

Located in Suffolk is the city of Aldham, in a large part of the UK; East of England. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.

Below, the population of Aldham has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.

The knowledge below is based on a lot of different variables relevant to the city of Aldham which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.

Is there sufficient green space in Aldham?

In the city of Aldham, there are 25 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 Aldham is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

Have the people of Aldham grown in numbers?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Aldham if 45289 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 Aldham such as rental yield or house appreciation.

How has the population size of Aldham adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Aldham by 4%. 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 4% 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 Aldham?

In the last decade, the population of Aldham has been adjusted by 8%. 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.

How deprived is the population of Aldham?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Aldham, 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.

What is the social grade score of Aldham?

In the city of Aldham 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 Aldham has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 0.29.

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

Is the crime rate bad in the city of Aldham?

Within Aldham, the number of people committing crimes is 47.5 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 47.5 figure carefully.

How much do people in Aldham earn?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£46,050.00 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 0.29 for Aldham.

What is the education level like in Aldham?

In the city of Aldham, 30% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.

Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Aldham is £46,050.00.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

Choose the right house for sale that suits your needs

When browsing houses for sale in Aldham 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.

F.A.Q.

Do properties in Aldham have the potential for renovation?

If planning permissions are abundant in the vicinity of Aldham, it may look promising for landlords looking to renovate. With 23 getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 45289. A comparative analysis against other locations across the UK will lend you a good perspective of this data.

What’s the number of property sales each month in Aldham?

In Aldham, the monthly property transaction count reaches 13, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

What’s the annual population shift in a city such as Aldham?

To work out how the population of Aldham has changed over time, you can look at the population change over a decade which is 8% and the change in a five year period two which falls at 4%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population

In the larger vicinity of Aldham, what is the cost of houses available for sale?

The current average price per square foot for a house in Aldham stands at £2,020, considering the mean cost for each square foot of houses for sale there.

Does opting for a house for sale in Aldham come with a hefty price tag?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Aldham, this figure stands at £345,194, while the UK average is £286,500.

Find an estate agent in the city of Aldham

In order to buy a house in Aldham you might need the service of an estate agent. To simplify the pain of looking for the nearest agent we have built a list of estate agents in your area, taking you straight to their website

Name of the Agent Phone Number Address Email Address
Philip James Estates 441376563656 1386 London Road Chris Gill (christopher@philipjamesestates.co.uk);Graham Howorth (graham@philipjamesestates.co.uk);Beverley Condron (beverley@philipjamesestates.co.uk)
Heritage nan 54 High Street Andy Mcmanus (andy@essexheritage.co.uk)
Frost and Partners 441473679807 62 High Street, Hadleigh, IP7 5EF Phone number only
Chapman Stickels 441473559930 The Corn Exchange, Market Place, Hadleigh, IP7 5DN Phone number only
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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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