What is it like buying a house in Allithwaite?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North West $ What is it like buying a house in Allithwaite?

Allithwaite 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 Allithwaite.

On top of this, keep reading for detailed information on the demographics of Allithwaite in Cumbria. 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.

In Allithwaite, what is the asking price in general for a house for sale?

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 Allithwaite is £338,752.

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

Average asking prices for houses for sale in Allithwaite

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £251,852
Average asking price (3 bed) £384,130
Average asking price (4 bed) no relevant data for this city
Average asking price (5 bed) no relevant data for this city

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 (£0) for houses for sale with this table to get a good idea as to whether Allithwaite is the right area to buy a house in for you.

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

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 Allithwaite.

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

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Allithwaite no relevant data for this city no relevant data for this city no relevant data for this city 16.0%
Cumbria 4.20% £674 116.50% 17.79%
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 Allithwaite which is 11 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 Allithwaite is to invest in. Both in terms of rental yield and capital appreciation.

In Allithwaite, 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 Allithwaite at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Allithwaite growth rate 3% 23% 26%

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 Allithwaite 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 Allithwaite.

In general, what do houses for sale sell for in Allithwaite?

For the city of Allithwaite, the average price a house sells for is £262,278. This value usually depends on the exact location of the house within Allithwaite as well as other factors like the population growth in Allithwaite which is 1% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £333,633
Aerage sold price (semi-detached) £226,307
Aerage sold price (terraced) £210,192
Aerage sold price (flat) £141,542

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 Allithwaite.

Housing category Sale price per square foot
Aerage sold price/sqft £2,410
Aerage sold price/sqft (new build) £2,560
Aerage sold price/sqft (old stock) £2,330

Generalising the bottom table, the average value per square foot of a house for sale is £2,410. This value averages all of the types of houses for sale in Allithwaite. 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 Allithwaite.

What are the demographics like in the city of Allithwaite?

Is the education level of Allithwaite important when buying a house?

In the city of Allithwaite, 37% 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 Allithwaite is £39,300.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

Is the crime rate bad in the city of Allithwaite?

The crime rate of Allithwaite 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 35, 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 (35) is both useful and is recommended to be compared to the average.

Do the people of Allithwaite get to enjoy green space?

In the city of Allithwaite, there are 20.3 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 Allithwaite is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

In Allithwaite, what is the social grade score?

In the city of Allithwaite, the social grade score of the area is 25%. 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 Allithwaite.

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

Are the people in Allithwaite earning a lot?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£39,300 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 25% for Allithwaite.

Are the deprivation levels of the UK any different to Allithwaite?

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 Allithwaite, 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.

Have the people of Allithwaite grown in numbers?

The city of Allithwaite has a total population of 9,827. 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 Allithwaite 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 Allithwaite

Over time, in the last five years, the population of the city of Allithwaite has changed by 1%. 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 1% 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 Allithwaite?

In the last 10 years, there has been a shift in the population of 1%.

Comparing this to the 5 year figure of Allithwaite 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.

Allithwaite in the county of Cumbria is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Allithwaite is located in; North West.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Allithwaite, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.