Aislaby might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of North Yorkshire.
Before looking for a house for sale in the city of Aislaby we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Aislaby.
In general, what do houses for sale sell for in Aislaby?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Aislaby. In Aislaby, this sale price works out to be £241,975. As an example, a factor like population growth over the last 10 years which works out to be 7% in Aislaby and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£292,970|
|Average sold price (semi-detached)||£203,225|
|Average sold price (terraced)||£190,746|
|Average sold price (flat)||£197,441|
Above, the exact type of house is also shown to vary in price in a table in Aislaby. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£2,450|
|Average sold price/sqft (new build)||£2,760|
|Average sold price/sqft (old stock)||£2,320|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Aislaby which is £2,570. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
Are there any important statistics about the population of Aislaby?
Aislaby 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 Aislaby 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 Aislaby, 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 the city of Aislaby, has the population grown or shrunk?
Population growth in Aislaby 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 Aislaby, 10,870 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 Aislaby 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 Aislaby, this change has been 4%. 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 4%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Aislaby?
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 7% in Aislaby.
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.
Is the city of Aislaby deprived?
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 Aislaby is 21% 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 educated are the people in Aislaby?
In the city of Aislaby, 27% 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 Aislaby is £38,200. 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.
What is a social grade score and how does this relate to Aislaby?
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 Aislaby, the percentage of people in the two highest categories, A and B is 21%. 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 £38,200. This income will generally get bigger as the percentage of people in the A and B categories go up too (21%).
Is the crime rate bad in the city of Aislaby?
The crime rate of Aislaby 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 67, 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 (67) is both useful and is recommended to be compared to the average.
How much do people in Aislaby earn?
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.
£38,200 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 21% for Aislaby.
Is there sufficient green space in Aislaby?
Whether you view green space in Aislaby 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 Aislaby, the number of acres of green space for every 1000 people currently is 11.5 which can be measured against the UK average of 1.7.
What are the asking prices for the houses for sale in the city of Aislaby?
In the city of Aislaby, 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)||£220,328|
|Average asking price (3 bed)||£289,032|
|Average asking price (4 bed)||£477,329|
|Average asking price (5 bed)||no relevant data for this city|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Aislaby 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 £2,700 should also give you an overview of what the asking price for houses for sale are in general.
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Aislaby is £319,381.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Aislaby is useful when negotiating and knowing what to expect for every type of house for sale.
In Aislaby, what are the rental yields?
Are there new houses being built in Aislaby to make it grow?
Whenever you are thinking about looking for houses for sale in Aislaby, 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|
|Aislaby growth rate||12%||24%||30%|
As the population of Aislaby 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.
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 Aislaby, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; North East. As well as North Yorkshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Aislaby||no relevant data for this city||no relevant data for this city||no relevant data for this city||10.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Aislaby you might be interested in the number of sales per month (7) that happen in the local housing market. Comparing this figure for Aislaby with the above table gives you a good understanding of the profitability of the area.