Audlem 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 Audlem.
On top of this, keep reading for detailed information on the demographics of Audlem in Cheshire. 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.
What is the final sale price of a house in Audlem?
For the city of Audlem, the average price a house sells for is £281,569. This value usually depends on the exact location of the house within Audlem as well as other factors like the population growth in Audlem which is 5% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£341,701|
|Aerage sold price (semi-detached)||£182,463|
|Aerage sold price (terraced)||£158,851|
|Aerage sold price (flat)||£144,331|
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 Audlem.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,250|
|Aerage sold price/sqft (new build)||£2,450|
|Aerage sold price/sqft (old stock)||£2,130|
Generalising the bottom table, the average value per square foot of a house for sale is £2,250. This value averages all of the types of houses for sale in Audlem. 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 Audlem.
In Audlem, what are the demographics like?
Have the people of Audlem grown in numbers?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Audlem if 9,159 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 Audlem such as rental yield or house appreciation.
How has the population size of Audlem adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Audlem 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 Audlem?
In the last decade, the population of Audlem 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.
For the city of Audlem, what is the education level?
The number of people as a percentage who have been through university and gained a degree is 33%. The ability to buy a home is greatly influenced by the number of people who have degrees. £43,300 is the amount people in Audlem 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 Audlem, 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.
What’s the crime rate in Audlem?
For every one thousand people living in Audlem, 40 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 40 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
How much green space is available to residents of Audlem?
In the city of Audlem, there are 15.2 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 Audlem is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What is the social grade score of Audlem?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Audlem, the percentage of people in the two highest categories, A and B is 30%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £43,300. This income will generally get bigger as the percentage of people in the A and B categories go up too (30%).
How much do people in Audlem earn?
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.
£43,300 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 30% for Audlem.
In Audlem, what are the deprivation levels like?
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 Audlem, in particular, the deprivation levels are 18%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
Audlem within Cheshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Audlem will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North West). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Audlem.
What is the asking price on average of houses for sale in Audlem?
In the city of Audlem, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£187,833|
|Average asking price (3 bed)||£351,500|
|Average asking price (4 bed)||£427,221|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Audlem, 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 £0 will help them to have a more wholistic understanding.
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 Audlem 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 £393,846.
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 Audlem.
Always consider average rental yield when searching for houses for sale in Audlem
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 Audlem, 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)|
|Audlem||no relevant data for this city||no relevant data for this city||no relevant data for this city||8.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Audlem you might be interested in the number of sales per month (6) that happen in the local housing market. Comparing this figure for Audlem with the above table gives you a good understanding of the profitability of the area.
Is the housing market in Audlem growing?
Whenever you are thinking about looking for houses for sale in Audlem, 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|
|Audlem growth rate||-4%||10%||24%|
As the population of Audlem 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.