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

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 Akeld?

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

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

Asking price in Akeld for a house for sale

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 Akeld is £200,209.

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 Akeld is useful when negotiating and knowing what to expect for every type of house for sale.

Average prices for the houses for sale in Akeld

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) no relevant data for this city
Average asking price (3 bed) no relevant data for this city
Average asking price (4 bed) no relevant data for this city
Average asking price (5 bed) no relevant data for this city

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

Other cities in different locations you can consider to buy property

We have prepared a list of cities that are entirely dissimilar to the region of North East, perfect if you are looking for somewhere similar to Akeld but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.

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

In Akeld, how has the number of houses changed?

Before committing to Akeld 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
Akeld growth rate -15% 28% 10%

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 Akeld is building housing to find your answer.

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Akeld, currently, £0 people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area and how much you can charge for rent in your ast (assured tenancy shorthold).

Invest in a house for sale that meets your demands

What parameters impact the final price of a house for sale in Akeld?
Here below is our list with the most important ones:

  • House for sale affordability – check out the (see house affordability guide)

    on the UK gov website to know more

  • House Location – the actual location of a house for sale drastically changes the final price of a property

  • Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.

  • Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.

  • Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.

  • Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs

  • Do you drive to the office? – If yes, ask about parking. Is it included in the house price?

  • Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.

  • Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.

Are there any important statistics about the population of Akeld?

In the city of Akeld, has the population grown or shrunk?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Akeld if 2963 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 Akeld such as rental yield or house appreciation.

How has the population size of Akeld adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Akeld by 2%. 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 2% 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 Akeld?

In the last decade, the population of Akeld has been adjusted by 3%. 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.

How much do people in Akeld 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.

£35,000.00 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 13% for Akeld.

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

Whether you view green space in Akeld 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 Akeld, the number of acres of green space for every 1000 people currently is 33 which can be measured against the UK average of 1.7.

In Akeld, how educated are people in general?

Interestingly, the percentage of people who have a degree in the city of Akeld is 22%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Akeld is £35,000.00.

Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.

Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.

However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.

Are the people of Akeld deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Akeld, currently, £0 people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

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

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits. The number of people in Akeld in grades A or B which are the highest skilled roles in the country is 13%.

Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £35,000.00 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 13%.

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

For every one thousand people living in Akeld, 7600% commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 7600% is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

Akeld within Northumberland is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Akeld will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North East). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.

This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Akeld.

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

For the city of Akeld, the average price a house sells for is £173,333. This value usually depends on the exact location of the house within Akeld as well as other factors like the population growth which is 3% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £293,664
Aerage sold price (semi-detached) £144,054
Aerage sold price (terraced) £131,100
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 Akeld.

Housing category Sale price per square foot
Aerage sold price/sqft £1,560
Aerage sold price/sqft (new build) £0
Aerage sold price/sqft (old stock) £1,490

Generalising the bottom table, the average value per square foot of a house for sale is £1,560. This value averages all of the types of houses for sale in Akeld. 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 Akeld.
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 Akeld with the right professional advice

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

  • Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
  • Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
  • Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
  • Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
  • Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
  • Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

FAQ

Is it possible to renovate a property in Akeld?

Properties in the city of Akeld may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 2 approvals every month with an approval of 91% based on a population of 2963. Compare other places in the UK to make this figure make more sense.

What is the monthly count of property transactions in Akeld?

The city of Akeld sees around 4 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.

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

Calculating the evolution of Akeld’s population requires an examination of the population transformation over a decade, amounting to 3%, and the five-year adjustment at 2%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby

What is the asking price for houses for sale in the wider region of Akeld?

The average cost per square foot for a house in Akeld is presently £0.

Is purchasing a house in Akeld considered a costly decision?

To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Akeld, the value is £173,333, whereas the UK’s mean is £286,500

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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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