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 Aird Dhail, Western Isles.
From the average asking price of houses for sale in Aird Dhail to the growth of the population in the area, all will be talked about regarding the city of Aird Dhail. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What’s the rental yield in general for the city of Aird Dhail?
What is the growth in the housing market of Aird Dhail?
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 Aird Dhail that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Aird Dhail growth rate | 24% | 22% | 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 Aird Dhail is important.
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 Aird Dhail, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Scotland. As well as Western Isles, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Aird Dhail | no relevant data for this city | no relevant data for this city | no relevant data for this city | 52.0% |
| Western Isles | no relevant data for this city | no relevant data for this city | no relevant data for this city | 52.00% |
| Scotland | 5.48% | £871 | 125.36% | 59.40% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Aird Dhail you might be interested in the number of sales per month (11) that happen in the local housing market. Comparing this figure for Aird Dhail with the above table gives you a good understanding of the profitability of the area.
What is the asking price on average of houses for sale in Aird Dhail?
On average, in Aird Dhail, the asking price for a house for sale in the area is £159,688.
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 Aird Dhail. 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.
Average asking prices for houses for sale in Aird Dhail
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | no relevant data for this city |
| Average asking price (3 bed) | no relevant data for this city |
| 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 in terms of the house asking price, the average asking price for the house for sale in the whole of Aird Dhail is £0. This should show you the general prices overall and for individual types of houses too.
In Aird Dhail, what are the demographics like?
The city of Aird Dhail, situated in Western Isles, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Aird Dhail and its demographics will be compared to its wider location (Scotland). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Aird Dhail. So, taking a good look at the data is essential to understand the area you are considering to buy in.
What is a social grade score and how does this relate to Aird Dhail?
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 Aird Dhail 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.
How much do people in Aird Dhail earn?
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 no relevant data for this city.
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 Aird Dhail this figure is no relevant data for this city.
Have the people of Aird Dhail grown in numbers?
The city of Aird Dhail has a total population of 14,355. 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 Aird Dhail 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 Aird Dhail
Over time, in the last five years, the population of the city of Aird Dhail has changed by -2%. 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 -2% 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 Aird Dhail?
In the last 10 years, there has been a shift in the population of -4%.
Comparing this to the 5 year figure of Aird Dhail 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.
In Aird Dhail, what are the deprivation levels like?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Aird Dhail, currently, no relevant data for this city people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
How much green space is available to residents of Aird Dhail?
In the city of Aird Dhail, there are 43.5 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 Aird Dhail is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Is the education level of Aird Dhail important when buying a house?
In the city of Aird Dhail, no relevant data for this city 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 Aird Dhail is no relevant data for this city.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In general, do people commit a lot of crime in Aird Dhail?
For every one thousand people living in Aird Dhail, no relevant data for this city 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 no relevant data for this city 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.
What is the final sale price of a house in Aird Dhail?
For the city of Aird Dhail, the average price a house sells for is £125,613. This value usually depends on the exact location of the house within Aird Dhail as well as other factors like the population growth in Aird Dhail which is -4% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £132,606 |
| Aerage sold price (semi-detached) | £93,516 |
| Aerage sold price (terraced) | £97,450 |
| Aerage sold price (flat) | no relevant data for this city |
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 Aird Dhail.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,160 |
| Aerage sold price/sqft (new build) | £970 |
| Aerage sold price/sqft (old stock) | £1,170 |
Generalising the bottom table, the average value per square foot of a house for sale is £1,160. This value averages all of the types of houses for sale in Aird Dhail. 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 Aird Dhail.
Who can help you buy a house for sale in Aird Dhail?
A house for sale appropriate to your needs
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Aird Dhail
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affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
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Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
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Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
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Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
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EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
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Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
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Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
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Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
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Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.
Are you considering other cities with houses for sale?
Examine this short list of cities belonging to Scotland, the same region where Aird Dhail is located.
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.
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