How much will you pay for a house for sale in Agglethorpe?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North East $ How much will you pay for a house for sale in Agglethorpe?

Agglethorpe can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Agglethorpe.

On top of this, keep reading for detailed information on the demographics of Agglethorpe in North Yorkshire. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

What are the people like in Agglethorpe?

What is a social grade score and how does this relate to Agglethorpe?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Agglethorpe compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Agglethorpe, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 23%.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

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

Agglethorpe in the county of North Yorkshire 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 Agglethorpe is located in; North East.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Agglethorpe, 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.

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

For the city of Agglethorpe, crime rate is at 51. So for every 1000 people in the area, 51 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.

What is the population of Agglethorpe?

Population growth in Agglethorpe 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 Agglethorpe, 18,242 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 Agglethorpe 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 Agglethorpe, this change has been 2%. 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 2%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Agglethorpe?

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 2% in Agglethorpe.

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 do people in Agglethorpe earn?

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 £40,700.

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 Agglethorpe this figure is 23%.

In the city of Agglethorpe, how much green space remains for residents?

In the city of Agglethorpe, there are 19.1 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Agglethorpe is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

Is the city of Agglethorpe deprived?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 17% for Agglethorpe should give you a nice idea of the deprivation in the area.

For the city of Agglethorpe, what is the education level?

In the city of Agglethorpe, 30% 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 Agglethorpe is £40,700.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

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

When investors make offers for houses for sale in Agglethorpe, the average price asked by the homeowners works out to be £333,316.

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 Agglethorpe 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.

In the city of Agglethorpe, 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) £190,965
Average asking price (3 bed) £344,068
Average asking price (4 bed) £511,816
Average asking price (5 bed) £661,150

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Agglethorpe 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.

In general, for the city of Agglethorpe, what are the final purchase prices for the houses for sale?

As well as looking at the asking price for house for sale in Agglethorpe, 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 Agglethorpe.

Houses for sale, are sold on average in Agglethorpe, after the influence of these factors, at £266,022 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 2% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £314,389
Aerage sold price (semi-detached) £216,260
Aerage sold price (terraced) £202,389
Aerage sold price (flat) £120,703

This table above shows the average sale price for each variation of houses for sale in Agglethorpe.

Housing category Sale price per square foot
Aerage sold price/sqft £2,470
Aerage sold price/sqft (new build) £2,540
Aerage sold price/sqft (old stock) £2,390

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 Agglethorpe is £2,470.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

Why you should consider the average rental yield when searching for houses for sale in Agglethorpe

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Agglethorpe. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Agglethorpe.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (North Yorkshire), a regional level (North East) and finally on the level of the city talked about in this article, Agglethorpe.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Agglethorpe 3.1% £874 no relevant data for this city 11.0%
North Yorkshire 3.44% £909 121.00% 17.57%
North East 4.67% £757 123.96% 19.25%

You may also find it useful to compare the data above to the number of properties sold per month Agglethorpe experiences. This figure for house sales per month is 15. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

Is the housing market in Agglethorpe growing?

Before committing to Agglethorpe 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
Agglethorpe growth rate 11% 28% 28%

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 Agglethorpe is building housing to find your answer.