Whenever looking for a house for sale in the UK or in Aythorpe Roding, it is vital you look at the market trends and house price fluctuations in the wider area of Essex 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 Aythorpe Roding.
In this article, we will be looking at the city of Aythorpe Roding in detail so you know how to navigate the area and have a better understanding on where to invest.
Are there any important statistics about the population of Aythorpe Roding?
In the city of Aythorpe Roding, how much green space remains for residents?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Aythorpe Roding, 9.1 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Aythorpe Roding.
In general, do people commit a lot of crime in Aythorpe Roding?
The crime rate of Aythorpe Roding must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 82, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (82) is both useful and is recommended to be compared to the average.
Is the education level of Aythorpe Roding important when buying a house?
The number of people as a percentage who have been through university and gained a degree is 26%. The ability to buy a home is greatly influenced by the number of people who have degrees. £49,800 is the amount people in Aythorpe Roding are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Aythorpe Roding, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
What is the social grade score of Aythorpe Roding?
In the city of Aythorpe Roding, the social grade score of the area is 30%. 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 Aythorpe Roding.
|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|
How much do people in Aythorpe Roding 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 Aythorpe Roding, the average income is £49,800. 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 30% to decide on what the demographics are like in the area.
In Aythorpe Roding, what are the deprivation levels like?
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 Aythorpe Roding, in particular, the deprivation levels are 18%.
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 the city of Aythorpe Roding, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Essex for example.
These demographics for Aythorpe Roding may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Aythorpe Roding in East of England.
What is the population of Aythorpe Roding?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Aythorpe Roding if 24,925 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 Aythorpe Roding such as rental yield or house appreciation.
How has the population size of Aythorpe Roding adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Aythorpe Roding 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 Aythorpe Roding?
In the last decade, the population of Aythorpe Roding has been adjusted by 18%. 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.
What is the asking price on average of houses for sale in Aythorpe Roding?
Table showing the asking prices for houses for sale in Aythorpe Roding
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£341,108|
|Average asking price (3 bed)||£457,962|
|Average asking price (4 bed)||£638,454|
|Average asking price (5 bed)||£932,727|
After looking at this table about prices of houses for sale in Aythorpe Roding, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £4,190 will help them to have a more wholistic understanding.
On average, in Aythorpe Roding, the asking price for a house for sale in the area is £540,338.
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 Aythorpe Roding. 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 general, what do houses for sale sell for in Aythorpe Roding?
As well as looking at the asking price for house for sale in Aythorpe Roding, 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 Aythorpe Roding.
Houses for sale, are sold on average in Aythorpe Roding, after the influence of these factors, at £420,509 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 18% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£529,132|
|Aerage sold price (semi-detached)||£365,773|
|Aerage sold price (terraced)||£332,805|
|Aerage sold price (flat)||£192,081|
This table above shows the average sale price for each variation of houses for sale in Aythorpe Roding.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,530|
|Aerage sold price/sqft (new build)||£3,410|
|Aerage sold price/sqft (old stock)||£3,490|
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 Aythorpe Roding is £3,860.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
In Aythorpe Roding, what are the rental yields?
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 Aythorpe Roding, 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 Essex, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|East of England||3.49%||£1,148||126.76%||16.58%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Aythorpe Roding you might be interested in the number of sales per month (22) that happen in the local housing market. Comparing this figure for Aythorpe Roding with the above table gives you a good understanding of the profitability of the area.
Is the housing market in Aythorpe Roding growing?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Aythorpe Roding that shows the growth in recent years.
|1 year||3 years||5 years|
|Aythorpe Roding growth rate||9%||18%||21%|
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Aythorpe Roding is important.