How much does a house for sale cost in Alderley Edge?

Alderley Edge 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 Cheshire.
Before looking for a house for sale in the city of Alderley Edge 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 Alderley Edge.

Always consider average rental yield when searching for houses for sale in Alderley Edge

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 Alderley Edge.

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 (Cheshire) as well as the broader region; North West.

	Average Yield	Average Asking rent	Turnover (rental)	Turnover (sale)
Alderley Edge	3.2%	£1,392	98%	14.0%
Cheshire	3.58%	£943	128.55%	20.11%
North West	4.36%	£808	120.36%	20.19%

Also, you can compare other data to the table above such as the number of houses sold per month in Alderley Edge which is 37 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 Alderley Edge is to invest in. Both in terms of rental yield and capital appreciation.

Is the housing market in Alderley Edge 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 Alderley Edge at 1 year, 3 year and 5 year intervals:

	1 year	3 years	5 years
Alderley Edge growth rate	-6%	4%	12%

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 Alderley Edge 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 Alderley Edge.

What are the asking prices for the houses for sale in the city of Alderley Edge?

Table showing the asking prices for houses for sale in Alderley Edge

Average asking price (1 bed)	£184,023
Average asking price (2 bed)	£336,385
Average asking price (3 bed)	£450,720
Average asking price (4 bed)	£768,394
Average asking price (5 bed)	£1,197,824

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£4,250) for houses for sale with this table to get a good idea as to whether Alderley Edge is the right area to buy a house in for you.

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 Alderley Edge is £523,245.

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

What are the people like in Alderley Edge?

Are the people of Alderley Edge deprived?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Alderley Edge, in particular, the deprivation levels are 16%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

What is the population of Alderley Edge?

Population growth in Alderley Edge 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 Alderley Edge, 37,921 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 Alderley Edge 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 Alderley Edge, 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 Alderley Edge?

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 5% in Alderley Edge.

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.

What’s the crime rate in Alderley Edge?

In Alderley Edge, for every 1000 people, there is currently a crime rate of 85. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (85 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

How much are those living in Alderley Edge earning?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Alderley Edge, the average income is £48,800. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 41% to decide on what the demographics are like in the area.

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

In the city of Alderley Edge, the social grade score of the area is 41%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Alderley Edge.

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

What is the education level like in Alderley Edge?

The number of people as a percentage who have been through university and gained a degree is 41%. The ability to buy a home is greatly influenced by the number of people who have degrees. £48,800 is the amount people in Alderley Edge 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 Alderley Edge, 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.

Is there sufficient green space in Alderley Edge?

Whether you view green space in Alderley Edge 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 Alderley Edge, the number of acres of green space for every 1000 people currently is 19.3 which can be measured against the UK average of 1.7.

In the city of Alderley Edge, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Cheshire for example.

These demographics for Alderley Edge may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Alderley Edge in North West.

In general, what do houses for sale sell for in Alderley Edge?

As well as looking at the asking price for house for sale in Alderley Edge, 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 Alderley Edge.

Houses for sale, are sold on average in Alderley Edge, after the influence of these factors, at £413,795 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 5% over the last 10 years.

Housing category	Total final sale price
Aerage sold price (detached)	£632,539
Aerage sold price (semi-detached)	£381,449
Aerage sold price (terraced)	£278,889
Aerage sold price (flat)	£208,265

This table above shows the average sale price for each variation of houses for sale in Alderley Edge.

Housing category	Sale price per square foot
Aerage sold price/sqft	£3,550
Aerage sold price/sqft (new build)	£4,000
Aerage sold price/sqft (old stock)	£3,410

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 Alderley Edge is £3,900.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

Who can help you buy a house for sale in Alderley Edge?

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 Alderley Edge

• 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.

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

Thinking about other cities with houses for sale?

Below are a list of towns with a similar location to Alderley Edge.
Reading these analysis will help you evaluate the different houses for sale currently listed in North West:

• Birchwood in North West
• Fishwick in North West
• Higher-Broughton in North West
• Bank-End in North West
• Aston in North West

If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.