Arkendale 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 Arkendale 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 Arkendale.
What are the asking prices for the houses for sale in the city of Arkendale?
Average asking prices for houses for sale in Arkendale
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£250,675|
|Average asking price (3 bed)||£348,408|
|Average asking price (4 bed)||£545,298|
|Average asking price (5 bed)||£874,583|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Arkendale is £0. This should show you the general prices overall and for individual types of houses too.
On average, in Arkendale, the asking price for a house for sale in the area is £402,208.
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 Arkendale. 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 Arkendale?
In Arkendale, houses for sale are sold at an average of £321,649. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Arkendale. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£443,489|
|Aerage sold price (semi-detached)||£270,944|
|Aerage sold price (terraced)||£237,694|
|Aerage sold price (flat)||£155,642|
As you can see above, for Arkendale, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 3% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,950|
|Aerage sold price/sqft (new build)||£3,030|
|Aerage sold price/sqft (old stock)||£2,860|
Looking at the second table about Arkendale, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Arkendale is £2,950.
In Arkendale, what are the demographics like?
In the city of Arkendale, is there a lot of green space?
In the city of Arkendale, there are 36.9 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 Arkendale is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
How much do people in Arkendale earn?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Arkendale. Compare the area’s average household income of £45,600 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 29% for more conclusive data on the affluence of the area.
What is the education level like in Arkendale?
In the city of Arkendale, 33% 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 Arkendale is £45,600.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What’s a social grade score and how does it relate to Arkendale?
In the city of Arkendale 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 Arkendale has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 29%.
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 Arkendale, situated in North Yorkshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Arkendale 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 Arkendale. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How deprived is the population of Arkendale?
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 Arkendale is 16% 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.
What’s crime like in Arkendale?
Within Arkendale, the number of people committing crimes is 64 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 64 figure carefully.
What does the population of Arkendale look like?
The city of Arkendale has a total population of 18,370. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Arkendale is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Arkendale
Over time, in the last five years, the population of the city of Arkendale has changed by 1%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 1% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Arkendale?
In the last 10 years, there has been a shift in the population of 3%.
Comparing this to the 5 year figure of Arkendale can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
Always consider average rental yield when searching for houses for sale in Arkendale
Is the housing market in Arkendale growing?
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 Arkendale at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Arkendale growth rate||-1%||14%||3%|
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 Arkendale 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 Arkendale.
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Arkendale to North Yorkshire and the broader suburb of the UK; North East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Arkendale||no relevant data for this city||no relevant data for this city||no relevant data for this city||15.0%|
Let’s assume you want to sell the house you’re looking to buy in Arkendale for profit in the future, in this case, looking at the data for the number of houses sold per month in Arkendale would give you an idea of whether the area is actively getting new investors. This figure is 19.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Arkendale. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.