Whenever looking for a house for sale in the UK or in Adwalton, it is vital you look at the market trends and house price fluctuations in the wider area of West Yorkshire 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 Adwalton.
In this article, we will be looking at the city of Adwalton in detail so you know how to navigate the area and have a better understanding on where to invest.
What are the asking prices for the houses for sale in the city of Adwalton?
Average asking prices for houses for sale in Adwalton
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£166,161|
|Average asking price (3 bed)||£242,780|
|Average asking price (4 bed)||£368,049|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Adwalton, 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.
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Adwalton determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £247,450.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Adwalton.
What kind of demographics does the city of Adwalton have?
Have the people of Adwalton grown in numbers?
The city of Adwalton has a total population of 10,971. 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 Adwalton 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 Adwalton
Over time, in the last five years, the population of the city of Adwalton has changed by 3%. 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 3% 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 Adwalton?
In the last 10 years, there has been a shift in the population of 6%.
Comparing this to the 5 year figure of Adwalton 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.
In Adwalton, what is the crime rate?
The crime rate of Adwalton 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 88, 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 (88) is both useful and is recommended to be compared to the average.
Located in West Yorkshire is the city of Adwalton, in a large part of the UK; North West. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Adwalton has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Adwalton which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
Do the people of Adwalton get to enjoy green space?
Whether you view green space in Adwalton 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 Adwalton, the number of acres of green space for every 1000 people currently is 20.4 which can be measured against the UK average of 1.7.
Are the people in Adwalton earning a lot?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £42,100.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Adwalton this figure is 22%.
How educated are the people in Adwalton?
In Adwalton, the proportion of people who have a degree is 24%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Adwalton is £42,100.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
What is the city of Adwalton’s social grade score?
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 Adwalton in grades A or B which are the highest skilled roles in the country is 22%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £42,100 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 22%.
Are the deprivation levels of the UK any different to Adwalton?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Adwalton is 20%.
Why you should consider the average rental yield when searching for houses for sale in Adwalton
Are there more or fewer houses being built in Adwalton?
The growth of an area like Adwalton can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
|1 year||3 years||5 years|
|Adwalton growth rate||-5%||14%||29%|
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Adwalton if you want to find out the exact reasons for the housing change.
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 Adwalton to West Yorkshire and the broader suburb of the UK; North West.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Adwalton||no relevant data for this city||no relevant data for this city||no relevant data for this city||22.0%|
Let’s assume you want to sell the house you’re looking to buy in Adwalton for profit in the future, in this case, looking at the data for the number of houses sold per month in Adwalton would give you an idea of whether the area is actively getting new investors. This figure is 12.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Adwalton. 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.
In general, what do houses for sale sell for in Adwalton?
As well as looking at the asking price for house for sale in Adwalton, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Adwalton.
Houses for sale, are sold on average in Adwalton, after the influence of these factors, at £197,660 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 6% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£332,793|
|Aerage sold price (semi-detached)||£189,777|
|Aerage sold price (terraced)||£132,557|
|Aerage sold price (flat)||£108,741|
This table above shows the average sale price for each variation of houses for sale in Adwalton.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,130|
|Aerage sold price/sqft (new build)||£2,430|
|Aerage sold price/sqft (old stock)||£1,960|
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Adwalton is £2,130.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Get professional help on the houses for sale in Adwalton
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Adwalton.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
Thinking about other cities with houses for sale?
Examine this short list of cities belonging to North West, the same region where Adwalton is located.
- Dallam in North West
- Burneside in North West
- Bowness-On-Windermere in North West
- Bank-Fold in North West
- Audenshaw in North West
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase