Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Alvanley, Cheshire.
From the average asking price of houses for sale in Alvanley to the growth of the population in the area, all will be talked about regarding the city of Alvanley. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In Alvanley, what are the demographics like?
Is there sufficient green space in Alvanley?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Alvanley, 87.6 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Alvanley.
Are the people in Alvanley 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 £46,800.
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 Alvanley this figure is 38%.
In Alvanley, how educated are people in general?
In the city of Alvanley, 38% 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 Alvanley is £46,800.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Is the city of Alvanley deprived?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 17% for Alvanley should give you a nice idea of the deprivation in the area.
Located in Cheshire is the city of Alvanley, 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 Alvanley 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 Alvanley 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.
In Alvanley, what is the crime rate?
For the city of Alvanley, crime rate is at 67. So for every 1000 people in the area, 67 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.
What is a social grade score and how does this relate to Alvanley?
In the city of Alvanley, the social grade score of the area is 38%. 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 Alvanley.
|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|
Have the people of Alvanley grown in numbers?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Alvanley is 18,959.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Alvanley.
In Alvanley, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 3%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Alvanley is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (3%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Alvanley population difference over 10 years?
The population has adjusted in the area of Alvanley by 4% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Alvanley.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
What is the final sale price of a house in Alvanley?
For the city of Alvanley, the average price a house sells for is £251,534. This value usually depends on the exact location of the house within Alvanley as well as other factors like the population growth in Alvanley which is 4% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£352,731|
|Aerage sold price (semi-detached)||£217,703|
|Aerage sold price (terraced)||£175,617|
|Aerage sold price (flat)||£129,334|
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 Alvanley.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,440|
|Aerage sold price/sqft (new build)||£2,260|
|Aerage sold price/sqft (old stock)||£2,360|
Generalising the bottom table, the average value per square foot of a house for sale is £2,670. This value averages all of the types of houses for sale in Alvanley. 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 Alvanley.
Why you should consider the average rental yield when searching for houses for sale in Alvanley
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 Alvanley, 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)|
|Alvanley||3.3%||£1,016||no relevant data for this city||19.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Alvanley you might be interested in the number of sales per month (21) that happen in the local housing market. Comparing this figure for Alvanley with the above table gives you a good understanding of the profitability of the area.
Are there new houses being built in Alvanley to make it grow?
Whenever you are thinking about looking for houses for sale in Alvanley, 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|
|Alvanley growth rate||-1%||26%||28%|
As the population of Alvanley 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.
Asking price in Alvanley for a house for sale
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 Alvanley 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 £368,224.
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 Alvanley.
Average asking prices for houses for sale in Alvanley
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£217,043|
|Average asking price (3 bed)||£307,368|
|Average asking price (4 bed)||£524,776|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Alvanley, 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 £2,900 will help them to have a more wholistic understanding.
Advice from experts on properties for sale in Alvanley
Finding the ideal house for sale for you
What parameters impact the final price of a house for sale in Alvanley?
Here below is our list with the most important ones:
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
House Location – the actual location of a house for sale drastically changes the final price of a property
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
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
Are you considering other cities with houses for sale?
We have prepared a list of cities in North West, the same UK region of Alvanley that can help you evaluate the different houses for sale listed in the region:
- Acre in North West
- Disley in North West
- Aintree in North West
- Earlestown in North West
- Little-Bollington in North West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.