How much will you pay for a house for sale in Allerton?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North West $ How much will you pay for a house for sale in Allerton?

Allerton 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 West Yorkshire.
Before looking for a house for sale in the city of Allerton 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 Allerton.

In general, for the city of Allerton, what are the final purchase prices for the houses for sale?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Allerton. In Allerton, this sale price works out to be £156,758. As an example, a factor like population growth over the last 10 years which works out to be 5% in Allerton and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £238,903
Average sold price (semi-detached) £148,092
Average sold price (terraced) £119,549
Average sold price (flat) £92,329

Above, the exact type of house is also shown to vary in price in a table in Allerton. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.

Housing category Sale price per square foot
Average sold price/sqft £1,820
Average sold price/sqft (new build) £1,970
Average sold price/sqft (old stock) £1,690

In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Allerton which is £1,820. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.

How are rental yields of the houses for sale different to the rest of the UK in Allerton?

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 Allerton, 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 West Yorkshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Allerton no relevant data for this city no relevant data for this city no relevant data for this city 32.0%
West Yorkshire 4.55% £778 125.25% 21.88%
North West 4.36% £808 120.36% 20.19%

Assuming that in the future you want to re-sell the house you will eventually purchased in Allerton you might be interested in the number of sales per month (17) that happen in the local housing market. Comparing this figure for Allerton with the above table gives you a good understanding of the profitability of the area.

Are there new houses being built in Allerton to make it grow?

Whenever you are thinking about looking for houses for sale in Allerton, think about how the city is growing and how this may impact the overall growth of the area.

Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.

1 year 3 years 5 years
Allerton growth rate 3% 13% 25%

As the population of Allerton grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.

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

The average asking price for the houses for sale in the city of Allerton

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £139,784
Average asking price (3 bed) £209,283
Average asking price (4 bed) £348,072
Average asking price (5 bed) no relevant data for this city

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Allerton 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 £0 should also give you an overview of what the asking price for houses for sale are in general.

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 Allerton 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 £211,359.

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 Allerton.

Are there any important statistics about the population of Allerton?

Is the city of Allerton 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 Allerton, in particular, the deprivation levels are 27%.

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’s the crime rate in Allerton?

For the city of Allerton, crime rate is at 124. So for every 1000 people in the area, 124 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

In Allerton, how educated are people in general?

In Allerton, the proportion of people who have a degree is 22%. 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 Allerton is £38,800.

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.

How much green space is available to residents of Allerton?

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 Allerton currently has 8.0 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 Allerton in this case.

How much do people in Allerton 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 Allerton. Compare the area’s average household income of £38,800 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 14% for more conclusive data on the affluence of the area.

Have the people of Allerton grown in numbers?

Population growth in Allerton 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 Allerton, 15,713 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 Allerton 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 Allerton, this change has been 2%. 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 2%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Allerton?

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 Allerton.

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 a social grade score and how does it relate to Allerton?

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 Allerton in grades A or B which are the highest skilled roles in the country is 14%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £38,800 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 14%.

The city of Allerton, situated in West Yorkshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Allerton and its demographics will be compared to its wider location (North West). 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 Allerton. So, taking a good look at the data is essential to understand the area you are considering to buy in.