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 Alpington, Norfolk.
From the average asking price of houses for sale in Alpington to the growth of the population in the area, all will be talked about regarding the city of Alpington. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What are the demographics like in the city of Alpington?
Is the city of Alpington deprived?
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 Alpington, in particular, the deprivation levels are 22%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
In Alpington, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Alpington if 23,676 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 Alpington such as rental yield or house appreciation.
How has the population size of Alpington adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Alpington by 9%. 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 9% 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 Alpington?
In the last decade, the population of Alpington has been adjusted by 17%. 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 much green space is available to residents of Alpington?
Whether you view green space in Alpington 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 Alpington, the number of acres of green space for every 1000 people currently is 26.8 which can be measured against the UK average of 1.7.
In Alpington, how educated are people in general?
In the city of Alpington, 31% 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 Alpington is £47,600. 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.
Located in Norfolk is the city of Alpington, 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 Alpington 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 Alpington 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.
In Alpington, what is the social grade score?
In the city of Alpington 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 Alpington has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 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 |
In Alpington, what is the crime rate?
For every one thousand people living in Alpington, 43 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 43 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
How much do people in Alpington earn?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Alpington, the average income is £47,600. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 29% to decide on what the demographics are like in the area.
In Alpington, what is the asking price in general for a house for sale?
On average, in Alpington, the asking price for a house for sale in the area is £394,747.
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 Alpington. 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.
Average asking prices for houses for sale in Alpington
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £259,310 |
| Average asking price (3 bed) | £331,532 |
| Average asking price (4 bed) | £512,209 |
| Average asking price (5 bed) | £697,105 |
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£3,200) for houses for sale with this table to get a good idea as to whether Alpington is the right area to buy a house in for you.
What’s the rental yield in general for the city of Alpington?
What is the growth in the housing market of Alpington?
Whenever you are thinking about looking for houses for sale in Alpington, 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 | |
|---|---|---|---|
| Alpington growth rate | -5% | 5% | 12% |
As the population of Alpington 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.
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Alpington to Norfolk and the broader suburb of the UK; East of England.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Alpington | 2.8% | £908 | no relevant data for this city | 14.0% |
| Norfolk | 3.75% | £975 | 117.20% | 16.23% |
| East of England | 3.49% | £1,148 | 126.76% | 16.58% |
Let’s assume you want to sell the house you’re looking to buy in Alpington for profit in the future, in this case, looking at the data for the number of houses sold per month in Alpington would give you an idea of whether the area is actively getting new investors. This figure is 20.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Alpington. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
In general, for the city of Alpington, what are the final purchase prices for the houses for sale?
As well as looking at the asking price for house for sale in Alpington, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Alpington.
Houses for sale, are sold on average in Alpington, after the influence of these factors, at £307,765 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 17% over the last 10 years.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £370,819 |
| Aerage sold price (semi-detached) | £249,957 |
| Aerage sold price (terraced) | £222,499 |
| Aerage sold price (flat) | £140,219 |
This table above shows the average sale price for each variation of houses for sale in Alpington.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,680 |
| Aerage sold price/sqft (new build) | £2,620 |
| Aerage sold price/sqft (old stock) | £2,620 |
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Alpington is £2,940.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Who can help you buy a house for sale in Alpington?
A house for sale appropriate to your needs
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Alpington
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affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
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Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
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Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
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Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
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EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
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Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
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Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
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Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
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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.
House for sale in the same UK region
Examine this short list of cities belonging to East of England, the same region where Alpington is located.
- Eaton in East of England
- Churchgate-Street in East of England
- Costessey in East of England
- Billingford in East of England
- Stansted-Mountfitchet in East of England
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
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