Aycliffe 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 Aycliffe.
On top of this, keep reading for detailed information on the demographics of Aycliffe in Durham. 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.
Why you should consider the average rental yield when searching for houses for sale in Aycliffe
In Aycliffe, how has the number of houses changed?
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 Aycliffe at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Aycliffe growth rate||-12%||-8%||7%|
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 Aycliffe 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 Aycliffe.
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 Aycliffe to Durham and the broader suburb of the UK; North East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Let’s assume you want to sell the house you’re looking to buy in Aycliffe for profit in the future, in this case, looking at the data for the number of houses sold per month in Aycliffe would give you an idea of whether the area is actively getting new investors. This figure is 20.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Aycliffe. 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.
On average, what is the figure for the asking price of a house for sale in Aycliffe?
Average asking prices for houses for sale in Aycliffe
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£95,459|
|Average asking price (3 bed)||£148,538|
|Average asking price (4 bed)||£268,802|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Aycliffe, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more wholistic understanding.
When investors make offers for houses for sale in Aycliffe, the average price asked by the homeowners works out to be £158,687.
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 Aycliffe 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.
Are there any important statistics about the population of Aycliffe?
Aycliffe within Durham is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Aycliffe 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 Aycliffe.
Are the people in Aycliffe earning a lot?
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 (17%). 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 Aycliffe, this works out to be £35,700. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Is the education level of Aycliffe important when buying a house?
In the city of Aycliffe, 20% 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 Aycliffe is £35,700.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Is there sufficient green space in Aycliffe?
In the city of Aycliffe, there are 18.7 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 Aycliffe is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Are the deprivation levels of the UK any different to Aycliffe?
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 28% for Aycliffe should give you a nice idea of the deprivation in the area.
What is a social grade score and how does this relate to Aycliffe?
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 Aycliffe in grades A or B which are the highest skilled roles in the country is 17%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £35,700 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 17%.
Have the people of Aycliffe grown in numbers?
Population growth in Aycliffe 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 Aycliffe, 29,219 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 Aycliffe 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 Aycliffe, this change has been 3%. 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 3%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Aycliffe?
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 4% in Aycliffe.
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.
In Aycliffe, what is the crime rate?
For every one thousand people living in Aycliffe, 131 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 131 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.
In general, what do houses for sale sell for in Aycliffe?
For the city of Aycliffe, the average price a house sells for is £145,087. This value usually depends on the exact location of the house within Aycliffe as well as other factors like the population growth in Aycliffe which is 4% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£202,345|
|Aerage sold price (semi-detached)||£123,378|
|Aerage sold price (terraced)||£88,573|
|Aerage sold price (flat)||£60,704|
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 Aycliffe.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,510|
|Aerage sold price/sqft (new build)||£1,730|
|Aerage sold price/sqft (old stock)||£1,400|
Generalising the bottom table, the average value per square foot of a house for sale is £1,510. This value averages all of the types of houses for sale in Aycliffe. 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 Aycliffe.
Who can help you buy a house for sale in Aycliffe?
Finding the ideal house for sale for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Aycliffe
affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
Are you considering other cities with houses for sale?
You can assess the various houses for sale offered in the area by consulting this list of cities in North East, the same UK region as Aycliffe:
- Beningbrough in North East
- Bedburn in North East
- Ganstead in North East
- Helmsley in North East
- Burmantofts in North East
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.