As a landlord, whenever you are looking at houses for sale in Fife, you could find varying prices throughout an area like Abercrombie. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Abercrombie to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Abercrombie will be revealed. Keep reading.
What is the final sale price of a house in Abercrombie?
For the city of Abercrombie, the average price a house sells for is £207,142. This value usually depends on the exact location of the house within Abercrombie as well as other factors like the population growth which is 3% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£273,473|
|Aerage sold price (semi-detached)||£190,523|
|Aerage sold price (terraced)||£210,141|
|Aerage sold price (flat)||£157,298|
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 Abercrombie.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,930|
|Aerage sold price/sqft (new build)||£1,840|
|Aerage sold price/sqft (old stock)||£1,910|
Generalising the bottom table, the average value per square foot of a house for sale is £1,930. This value averages all of the types of houses for sale in Abercrombie. 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 Abercrombie.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.
A house for sale that is right for you
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 Abercrombie.
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.
Who can help you buy a house for sale in Abercrombie?
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
Always consider average rental yield when searching for houses for sale in Abercrombie
What is the growth in the housing market of Abercrombie?
Before committing to Abercrombie to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|1 year||3 years||5 years|
|Abercrombie growth rate||-3%||33%||no relevant data for this city|
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Abercrombie is building housing to find your answer.
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Abercrombie. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Abercrombie.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Fife), a regional level (Scotland) and finally on the level of the city talked about in this article, Abercrombie.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Abercrombie||no relevant data for this city||no relevant data for this city||no relevant data for this city||£0|
|Fife||3.80%||£564.00||no relevant data for this city||63.00%|
You may also find it useful to compare the data above to the number of properties sold per month Abercrombie experiences. This figure for house sales per month is no relevant data for this city. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
Thinking of a different city and perhaps a different location?
If you are looking for similar places to buy a house that are just like Abercrombie, examine this short list of cities below from outside of the region of Scotland for some inspiration.
- grangemouth in Scotland
- orkney in Scotland
- hornsey in Scotland
- accrington in Scotland
- boston-spa in Scotland
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.
What kind of demographics does the city of Abercrombie have?
In the city of Abercrombie, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Fife for example.
These demographics for Abercrombie may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Abercrombie in Scotland.
In general, do people commit a lot of crime in Abercrombie?
The crime rate of Abercrombie 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 no relevant data for this city, 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 (no relevant data for this city) is both useful and is recommended to be compared to the average.
What is the social grade score of Abercrombie?
In the city of Abercrombie and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Abercrombie has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is no relevant data for this city.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
|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|
How much do people in Abercrombie 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 Abercrombie. Compare the area’s average household income of no relevant data for this city 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 no relevant data for this city for more conclusive data on the affluence of the area.
In Abercrombie, what are the deprivation levels like?
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 Abercrombie is no relevant data for this city 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.
Have the people of Abercrombie 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 Abercrombie if 8765 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 Abercrombie such as rental yield or house appreciation.
How has the population size of Abercrombie adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Abercrombie by 2%. 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 2% 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 Abercrombie?
In the last decade, the population of Abercrombie has been adjusted by 3%. 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 Abercrombie, what is the education level?
The number of people as a percentage who have been through university and gained a degree is no relevant data for this city. The ability to buy a home is greatly influenced by the number of people who have degrees. no relevant data for this city is the amount people in Abercrombie 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 Abercrombie, 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.
In the city of Abercrombie, how much green space remains for residents?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Abercrombie, the city has 38 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Abercrombie.
In Abercrombie, what is the asking price in general for a house for sale?
Average prices for the houses for sale in Abercrombie
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£195,975|
|Average asking price (3 bed)||£292,304|
|Average asking price (4 bed)||no relevant data for this city|
|Average asking price (5 bed)||no relevant data for this city|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Abercrombie is £0. This should show you the general prices overall and for individual types of houses too.
On average, in Abercrombie, the asking price for a house for sale in the area is £250,452.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Abercrombie. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
Frequently Asked Questions (FAQ)
Do properties in Abercrombie have the potential for renovation?
Properties in the city of Abercrombie may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are no relevant data for this city approvals every month with an approval of no relevant data for this city based on a population of 8765. Compare other places in the UK to make this figure make more sense.
What’s the number of property sales each month in Abercrombie?
Abercrombie boasts a monthly total of no relevant data for this city property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link
What’s the year-over-year population change in Abercrombie or similar cities?
To assess the shifts in Abercrombie’s population over time, analyse how the population has altered. Look at the ten year change of population of 3%, alongside the five-year change of 2%.
How much are houses for sale priced at in the extended region of Abercrombie?
The average cost per square foot for a house in Abercrombie is presently £0.
Is investing in a house for sale in Abercrombie a financially demanding choice?
To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Abercrombie this number is £207,142 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house