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A guide on houses for sale in Aslacton

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 Aslacton

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

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

House for sale in a different UK region

If you are looking for similar places to buy a house that are just like Aslacton, examine this short list of cities below from outside of the region of East of England for some inspiration.

If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.

Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.

Choose the right house for sale that suits your needs

Many criteria impact the price of houses for sale in Aslacton.
Here below are the most important ones according to Lofti’s expertise:

  • Affordability – (see what house for sale can you afford?)

    A guide from the UK government

  • House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.

  • Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying

  • Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom

  • Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.

  • Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale

  • Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance

  • Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.

In general, what do houses for sale sell for in Aslacton?

For the city of Aslacton, the average price a house sells for is £278,698. This value usually depends on the exact location of the house within Aslacton as well as other factors like the population growth which is 17% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £331,361
Aerage sold price (semi-detached) £220,613
Aerage sold price (terraced) £190,129
Aerage sold price (flat) no relevant data for this city

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 Aslacton.

Housing category Sale price per square foot
Aerage sold price/sqft £2,610
Aerage sold price/sqft (new build) £2,370
Aerage sold price/sqft (old stock) £2,550

Generalising the bottom table, the average value per square foot of a house for sale is £2,610. This value averages all of the types of houses for sale in Aslacton. 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 Aslacton.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.

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

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

What kind of demographics does the city of Aslacton have?

In the city of Aslacton, is there a lot of green space?

Whether you view green space in Aslacton 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 Aslacton, the number of acres of green space for every 1000 people currently is 8 which can be measured against the UK average of 1.7.

What salary does the community in Aslacton take home?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £46,100.00.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Aslacton this figure is 25%.

What is the social grade score of Aslacton?

In the city of Aslacton, the social grade score of the area is 25%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Aslacton.

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

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

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Aslacton is £0.

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

For the city of Aslacton, crime rate is at 4500%. So for every 1000 people in the area, 4500% 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.

How educated are the people in Aslacton?

In the city of Aslacton, 28% 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 Aslacton is £46,100.00. 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.

Have the people of Aslacton grown in numbers?

The city of Aslacton has a total population of 15806. 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 Aslacton 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 Aslacton

Over time, in the last five years, the population of the city of Aslacton has changed by 9%. 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 9% 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 Aslacton?

In the last 10 years, there has been a shift in the population of 17%.

Comparing this to the 5 year figure of Aslacton 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.

The city of Aslacton, situated in Norfolk, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Aslacton and its demographics will be compared to its wider location (East of England). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Aslacton. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Always consider average rental yield when searching for houses for sale in Aslacton

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 Aslacton, 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 Norfolk, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Aslacton £0 £1,016 no relevant data for this city £0
Norfolk 3.75% £974.67 117.20% 16.23%
East of England 0.03 1,148.32 £1 16.58%

Assuming that in the future you want to re-sell the house you will eventually purchased in Aslacton you might be interested in the number of sales per month (9) that happen in the local housing market. Comparing this figure for Aslacton with the above table gives you a good understanding of the profitability of the area.

In Aslacton, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in Aslacton, 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
Aslacton growth rate 4% 18% 27%

As the population of Aslacton 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.

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

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

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £222,629
Average asking price (3 bed) £324,839
Average asking price (4 bed) £480,500
Average asking price (5 bed) £607,333

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 Aslacton has a lack of supply of housing in certain categories.

When investors make offers for houses for sale in Aslacton, the average price asked by the homeowners works out to be £384,850.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Aslacton is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

Frequently Asked Questions

Do properties in Aslacton have the potential for renovation?

Properties in the city of Aslacton may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 10 approvals every month with an approval of nan based on a population of 15806. Compare other places in the UK to make this figure make more sense.

How many property sales occur per month in Aslacton?

In Aslacton, the monthly property transaction count reaches 9, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

In a city like Aslacton, what’s the yearly fluctuation in population?

To work out how the population of Aslacton has changed over time, you can look at the population change over a decade which is 17% and the change in a five year period two which falls at 9%. 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 Aslacton, what is the cost of houses available for sale?

The current average price per square foot for a house in Aslacton stands at £0, considering the mean cost for each square foot of houses for sale there.

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

Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Aslacton, this value is £278,698, compared to the UK’s average of £286,500.

Find an estate agent where you’re looking to buy in Aslacton

When buying, having the right expertise when navigating Aslacton and the property market can be a great advantage. So, don’t make things harder for yourself and tackle a home purchase on your own. Browse our list of reputable estate agents below to help you on your house hunt!

Estate agent name Phone number Address of agent Email Address
Saffron Housing Trust 441508532000 SAFFRON BARN, SWAN LN Hannah Harvey (hharvey@saffronhousing.co.uk);Hannah Beeslee (hbeeslee@saffronhousing.co.uk);James Francis (jfrancis@saffronhousing.co.uk);Faith Davies (fdavies@saffronhousing.co.uk);Peter Brown (pbrown@saffronhousing.co.uk)
Barton & Co 441508338101 Bridal Cottage, Long Stratton, NR15 2XG Phone number only
Aldridge Lansdell 441508486027 The Plain, The Street, Long Stratton, Norwich, NR15 2XG 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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