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A guide on houses for sale in Allendale Town

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North East $ A guide on houses for sale in Allendale Town

Allendale Town 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 Northumberland.
Before looking for a house for sale in the city of Allendale Town 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 Allendale Town.

What are the demographics like in the city of Allendale Town?

In Allendale Town, what is the crime rate?

Within Allendale Town, the number of people committing crimes is 40 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 40 figure carefully.

Are the people of Allendale Town 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 18% for Allendale Town should give you a nice idea of the deprivation in the area.

Is the education level of Allendale Town important when buying a house?

The number of people as a percentage who have been through university and gained a degree is 36%. The ability to buy a home is greatly influenced by the number of people who have degrees. £39,900 is the amount people in Allendale Town 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 Allendale Town, 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.

Have the people of Allendale Town grown in numbers?

Population growth in Allendale Town 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 Allendale Town, 7,733 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 Allendale Town 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 Allendale Town, 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 Allendale Town?

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 3% in Allendale Town.

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 are those living in Allendale Town earning?

As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (28%). All in all, the area becomes a more desirable place to live in.

This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Allendale Town, this works out to be £39,900. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

What’s a social grade score and how does it relate to Allendale Town?

In the city of Allendale Town and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.

In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.

When trying to determine if the area of Allendale Town has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 28%.

Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)

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

The city of Allendale Town, situated in Northumberland, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Allendale Town and its demographics will be compared to its wider location (North East). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Allendale Town. So, taking a good look at the data is essential to understand the area you are considering to buy in.

How much green space is available to residents of Allendale Town?

Whether you view green space in Allendale Town 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 Allendale Town, the number of acres of green space for every 1000 people currently is 74.8 which can be measured against the UK average of 1.7.

In general, what do houses for sale sell for in Allendale Town?

For the city of Allendale Town, the average price a house sells for is £217,882. This value usually depends on the exact location of the house within Allendale Town as well as other factors like the population growth in Allendale Town which is 3% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £321,295
Aerage sold price (semi-detached) £185,898
Aerage sold price (terraced) £154,200
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 Allendale Town.

Housing category Sale price per square foot
Aerage sold price/sqft £1,950
Aerage sold price/sqft (new build) £2,030
Aerage sold price/sqft (old stock) £1,880

Generalising the bottom table, the average value per square foot of a house for sale is £1,950. This value averages all of the types of houses for sale in Allendale Town. 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 Allendale Town.

In Allendale Town, what is the asking price in general for a house for sale?

When speaking about the city of Allendale Town, £343,577 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Allendale Town.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

Average asking prices for houses for sale in Allendale Town

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £180,455
Average asking price (3 bed) £325,357
Average asking price (4 bed) £437,857
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 Allendale Town has a lack of supply of housing in certain categories.

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

The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.

Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Allendale Town.

The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Northumberland) as well as the broader region; North East.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Allendale Town no relevant data for this city no relevant data for this city no relevant data for this city 13.0%
Northumberland 4.28% £659 106.75% 18.57%
North East 4.67% £757 123.96% 19.25%

Also, you can compare other data to the table above such as the number of houses sold per month in Allendale Town which is 5 and get a better understanding of the housing market.

This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Allendale Town is to invest in. Both in terms of rental yield and capital appreciation.

Are there more or fewer houses being built in Allendale Town?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Allendale Town at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Allendale Town growth rate 9% 35% 40%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Allendale Town gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Allendale Town.

Who can help you buy a house for sale in Allendale Town?

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

House for sale in the same UK region

We have prepared a list of cities in North East, the same UK region of Allendale Town that can help you evaluate the different houses for sale listed in the region:

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

Choose the right house for sale that suits your needs

What parameters impact the final price of a house for sale in Allendale Town?
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.

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