Achnacroish 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 Argyll and Bute.
Before looking for a house for sale in the city of Achnacroish 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 Achnacroish.
What is the asking price on average of houses for sale in Achnacroish?
When speaking about the city of Achnacroish, £208,726 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Achnacroish.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
Average asking prices for houses for sale in Achnacroish
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£166,071|
|Average asking price (3 bed)||£216,250|
|Average asking price (4 bed)||£333,500|
|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 in terms of the house asking price, the average asking price for the house for sale in the whole of Achnacroish is £0. This should show you the general prices overall and for individual types of houses too.
Why you should consider the average rental yield when searching for houses for sale in Achnacroish
In Achnacroish, how has the number of houses changed?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Achnacroish that shows the growth in recent years.
|1 year||3 years||5 years|
|Achnacroish growth rate||-11%||17%||no relevant data for this city|
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Achnacroish is important.
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 Achnacroish.
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 (Argyll and Bute) as well as the broader region; Scotland.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Achnacroish||no relevant data for this city||no relevant data for this city||no relevant data for this city||35.0%|
|Argyll and Bute||5.10%||£554||no relevant data for this city||38.47%|
Also, you can compare other data to the table above such as the number of houses sold per month in Achnacroish which is 12 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 Achnacroish is to invest in. Both in terms of rental yield and capital appreciation.
In general, what do houses for sale sell for in Achnacroish?
In Achnacroish, the average sale price of a house for sale is in fact £164,502. This is dependent on the 10 year population growth of Achnacroish being -4%. Growing populations are more likely to inflate the prices of houses for sale in the city of Achnacroish.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£278,637|
|Aerage sold price (semi-detached)||£190,900|
|Aerage sold price (terraced)||£148,817|
|Aerage sold price (flat)||£123,744|
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Achnacroish.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,920|
|Aerage sold price/sqft (new build)||£1,780|
|Aerage sold price/sqft (old stock)||£1,860|
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £1,920. This means if you are just looking out the houses sold in Achnacroish in general and didn’t take into consideration the type of build. For example, a new build.
Are there any important statistics about the population of Achnacroish?
What is the social grade score of Achnacroish?
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 Achnacroish in grades A or B which are the highest skilled roles in the country is no relevant data for this city. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, no relevant data for this city 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 no relevant data for this city.
Is the city of Achnacroish 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 Achnacroish, in particular, the deprivation levels are no relevant data for this city.
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 Achnacroish 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 Achnacroish if 10,692 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 Achnacroish such as rental yield or house appreciation.
How has the population size of Achnacroish adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Achnacroish 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 Achnacroish?
In the last decade, the population of Achnacroish has been adjusted by -4%. 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.
Achnacroish in the county of Argyll and Bute 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 Achnacroish is located in; Scotland.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Achnacroish, 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.
In Achnacroish, what is the crime rate?
For the city of Achnacroish, crime rate is at no relevant data for this city. So for every 1000 people in the area, no relevant data for this city 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 the city of Achnacroish, is there a lot of green space?
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 Achnacroish currently has 21.2 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 Achnacroish in this case.
How much are those living in Achnacroish earning?
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 Achnacroish. 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.
For the city of Achnacroish, what is the education level?
In Achnacroish, the proportion of people who have a degree is no relevant data for this city. 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 Achnacroish is no relevant data for this city.
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.