As a landlord, whenever you are looking at houses for sale in Norfolk, you could find varying prices throughout an area like Aslacton. 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 Aslacton 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 Aslacton will be revealed. Keep reading.
On average, what is the figure for the asking price of a house for sale in Aslacton?
Average asking prices for houses for sale in 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|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Aslacton and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Aslacton determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £384,850.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Aslacton.
In Aslacton, what are the demographics like?
What is the population of Aslacton?
In total, the number of people in Aslacton is 15,806. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Aslacton, depending on where exactly you are.
How has Aslacton changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Aslacton has changed by 9%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 9% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Aslacton?
17% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Aslacton have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
Is the crime rate bad in the city of Aslacton?
For the city of Aslacton, crime rate is at 45. So for every 1000 people in the area, 45 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.
For the city of Aslacton, what is the education level?
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. 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.
Aslacton in the county of Norfolk is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Aslacton is located in; East of England.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Aslacton, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
What is the city of Aslacton’s social grade score?
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 Aslacton, the percentage of people in the two highest categories, A and B is 25%. 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 £46,100. This income will generally get bigger as the percentage of people in the A and B categories go up too (25%).
How deprived is the population of Aslacton?
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 Aslacton is 18% 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 Aslacton earning?
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.
£46,100 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 25% for Aslacton.
In the city of Aslacton, is there a lot of green space?
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 Aslacton currently has 8.2 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 Aslacton in this case.
What’s the rental yield in general for the city of Aslacton?
In Aslacton, how has the number of houses changed?
Before committing to Aslacton to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|1 year||3 years||5 years|
|Aslacton growth rate||4%||18%||27%|
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Aslacton is building housing to find your answer.
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 Aslacton to Norfolk and the broader suburb of the UK; East of England.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Aslacton||3.2%||£1,016||no relevant data for this city||12.0%|
|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 Aslacton for profit in the future, in this case, looking at the data for the number of houses sold per month in Aslacton would give you an idea of whether the area is actively getting new investors. This figure is 10.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Aslacton. 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 Aslacton, what do houses for sale tend to sell for?
In Aslacton, the average sale price of a house for sale is in fact £278,698. This is dependent on the 10 year population growth of Aslacton being 17%. Growing populations are more likely to inflate the prices of houses for sale in the city of Aslacton.
|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 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 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|
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 £2,610. This means if you are just looking out the houses sold in Aslacton in general and didn’t take into consideration the type of build. For example, a new build.
Advice from experts on properties for sale in Aslacton
A house for sale that is right for you
When browsing houses for sale in Aslacton 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 – 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
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.
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.
Are you considering other cities with houses for sale?
Examine this short list of cities belonging to East of England, the same region where Aslacton is located.
- Eastwick in East of England
- Carlton-Colville in East of England
- Abbess-Roding in East of England
- Ashfield in East of England
- Beyton 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.