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.
In Alderley Edge, what is the asking price in general for a house for sale?
When speaking about the city of Alderley Edge, £523,245 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 in Alderley Edge would be after a larger house than someone living alone.
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 prices for the 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|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Alderley Edge and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £4,250 should also give you an overview of what the asking price for houses for sale are in general.
houses for sale in other cities and regions in the UK
If you are looking for similar places to buy a house that are just like Alderley Edge, examine this short list of cities below from outside of the region of North West for some inspiration.
- bar-end in North West
- chelmsford in North West
- balmore in North West
- reading in North West
- fawdon in North West
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
In general, for the city of Alderley Edge, what are the final purchase prices for the houses for sale?
In Alderley Edge, the average sale price of a house for sale is in fact £413,795. This is dependent on the 10 year population growth of Alderley Edge being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Alderley Edge.
|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|
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the 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|
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £3,900. This means if you are just looking out the houses sold in Alderley Edge in general and didn’t take into consideration the type of build. For example, a new build.
Always consider average rental yield when searching for houses for sale in Alderley Edge
Are there new houses being built in Alderley Edge to make it grow?
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.
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Alderley Edge, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; North West. As well as Cheshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Assuming that in the future you want to re-sell the house you will eventually purchased in Alderley Edge you might be interested in the number of sales per month (33) that happen in the local housing market. Comparing this figure for Alderley Edge with the above table gives you a good understanding of the profitability of the area.
Get professional help on the houses for sale in Alderley Edge
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
Choose the right house for sale that suits your needs
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Alderley Edge.
Affordability – check this article from the UK government to find out (see what house for sale you can afford)
Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
What kind of demographics does the city of Alderley Edge have?
In the city of Alderley Edge, how much green space remains for residents?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Alderley Edge currently has 19 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Alderley Edge in this case.
Are the deprivation levels of the UK any different to Alderley Edge?
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 Alderley Edge is £0 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.
How much do people in Alderley Edge earn?
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 (41%). 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 Alderley Edge, this works out to be £48,800.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Located in Cheshire is the city of Alderley Edge, 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 Alderley Edge 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 Alderley Edge 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.
What is the social grade score of Alderley Edge?
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 Alderley Edge in grades A or B which are the highest skilled roles in the country is 41%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £48,800.00 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 41%.
What is the population of Alderley Edge?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Alderley Edge if 37921 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Alderley Edge such as rental yield or house appreciation.
How has the population size of Alderley Edge adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Alderley Edge by 3%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 3% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Alderley Edge?
In the last decade, the population of Alderley Edge has been adjusted by 5%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
Is the crime rate bad in the city of Alderley Edge?
Within Alderley Edge, the number of people committing crimes is 8500% 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 8500% figure carefully.
Is the education level of Alderley Edge important when buying a house?
In the city of Alderley Edge, 41% 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 Alderley Edge is £48,800.00.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Frequently Asked Questions (FAQ)
Do properties in Alderley Edge have the potential for renovation?
Amidst the urban landscape of Alderley Edge, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 28 and on the other hand, there is a planning success rate of nan. It is also useful to take into consideration the population size of the area (37921).
What’s the number of property sales each month in Alderley Edge?
In Alderley Edge, the monthly property transaction count reaches 33, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.
What’s the year-over-year population change in Alderley Edge or similar cities?
To assess the shifts in Alderley Edge’s population over time, analyse how the population has altered. Look at the ten year change of population of 5%, alongside the five-year change of 3%.
What is the asking price for houses for sale in the wider region of Alderley Edge?
Currently, the mean asking price of a house in Alderley Edge is £4,250, calculated using the average value per square foot
Does opting for a house for sale in Alderley Edge come with a hefty price tag?
To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Alderley Edge, the value is £413,795, whereas the UK’s mean is £286,500