As a landlord, whenever you are looking at houses for sale in Cambridgeshire, you could find varying prices throughout an area like Aldreth. 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 Aldreth 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 Aldreth will be revealed. Keep reading.
On average, what is the figure for the asking price of a house for sale in Aldreth?
In the city of Aldreth, 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)||£259,464|
|Average asking price (3 bed)||£342,966|
|Average asking price (4 bed)||£486,350|
|Average asking price (5 bed)||£551,531|
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 £3,120. 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 Aldreth has a lack of supply of housing in certain categories.
On average, in Aldreth, the asking price for a house for sale in the area is £367,378.
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 Aldreth. 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.
In Aldreth, what do houses for sale tend to sell for?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Aldreth. In Aldreth, this sale price works out to be £297,657. As an example, a factor like population growth over the last 10 years which works out to be 8% in Aldreth and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£366,503|
|Average sold price (semi-detached)||£257,486|
|Average sold price (terraced)||£231,226|
|Average sold price (flat)||£146,663|
Above, the exact type of house is also shown to vary in price in a table in Aldreth. 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||£2,820|
|Average sold price/sqft (new build)||£2,730|
|Average sold price/sqft (old stock)||£2,770|
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 Aldreth which is £2,970. 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.
What’s the rental yield in general for the city of Aldreth?
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 Aldreth.
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 (Cambridgeshire) as well as the broader region; East of England.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|East of England||3.49%||£1,148||126.76%||16.58%|
Also, you can compare other data to the table above such as the number of houses sold per month in Aldreth which is 32 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 Aldreth is to invest in. Both in terms of rental yield and capital appreciation.
Are there more or fewer houses being built in Aldreth?
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 Aldreth at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Aldreth growth rate||-3%||9%||11%|
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 Aldreth 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 Aldreth.
What are the demographics like in the city of Aldreth?
What is the social grade score of Aldreth?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Aldreth, the percentage of people in the two highest categories, A and B is 28%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £47,700. This income will generally get bigger as the percentage of people in the A and B categories go up too (28%).
In Aldreth, how educated are people in general?
In the city of Aldreth, 29% 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 Aldreth is £47,700.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In the city of Aldreth, has the population grown or shrunk?
Population growth in Aldreth 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 Aldreth, 38,013 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 Aldreth 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 Aldreth, this change has been 3%. 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 3%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Aldreth?
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 8% in Aldreth.
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.
How much green space is available to residents of Aldreth?
Whether you view green space in Aldreth as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Aldreth, the number of acres of green space for every 1000 people currently is 9.2 which can be measured against the UK average of 1.7.
How deprived is the population of Aldreth?
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 Aldreth, 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.
What salary does the community in Aldreth take home?
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 Aldreth. Compare the area’s average household income of £47,700 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 28% for more conclusive data on the affluence of the area.
In general, do people commit a lot of crime in Aldreth?
In Aldreth, for every 1000 people, there is currently a crime rate of 62. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (62 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
Aldreth within Cambridgeshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Aldreth will be looked at by comparing it to the local region, as well as comparing it to the wider region too (East of England). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Aldreth.