As a landlord, whenever you are looking at houses for sale in Clackmannanshire, you could find varying prices throughout an area like Alloa. 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 Alloa 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 Alloa will be revealed. Keep reading.
On average, what is the figure for the asking price of a house for sale in Alloa?
The average asking price for the houses for sale in the city of Alloa
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£101,388|
|Average asking price (3 bed)||£167,913|
|Average asking price (4 bed)||£263,846|
|Average asking price (5 bed)||no relevant data for this city|
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Alloa has a lack of supply of housing in certain categories.
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Alloa is £139,609.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Alloa is useful when negotiating and knowing what to expect for every type of house for sale.
Are there any important statistics about the population of Alloa?
Alloa in the county of Clackmannanshire 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 Alloa 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 Alloa, 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.
What is the education level like in Alloa?
In the city of Alloa, no relevant data for this city of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Alloa is no relevant data for this city. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
In Alloa, what is the social grade score?
In the city of Alloa, the social grade score of the area is no relevant data for this city. 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 Alloa.
|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|
In Alloa, how has the population changed?
The city of Alloa has a total population of 37,056. 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 Alloa 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 Alloa
Over time, in the last five years, the population of the city of Alloa has changed by 0%. 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 0% 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 Alloa?
In the last 10 years, there has been a shift in the population of 0%.
Comparing this to the 5 year figure of Alloa 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.
How much do people in Alloa 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.
no relevant data for this city 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 no relevant data for this city for Alloa.
Do the people of Alloa get to enjoy green space?
Whether you view green space in Alloa as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Alloa, the number of acres of green space for every 1000 people currently is 19.8 which can be measured against the UK average of 1.7.
How deprived is the population of Alloa?
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 Alloa 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.
Is the crime rate bad in the city of Alloa?
For the city of Alloa, 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 general, what do houses for sale sell for in Alloa?
In Alloa, houses for sale are sold at an average of £126,459. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Alloa. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£215,872|
|Aerage sold price (semi-detached)||£139,288|
|Aerage sold price (terraced)||£101,366|
|Aerage sold price (flat)||£75,141|
As you can see above, for Alloa, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 0% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,400|
|Aerage sold price/sqft (new build)||£1,170|
|Aerage sold price/sqft (old stock)||£1,400|
Looking at the second table about Alloa, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Alloa is £1,400.
Why you should consider the average rental yield when searching for houses for sale in Alloa
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 Alloa. 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 Alloa.
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 (Clackmannanshire), a regional level (Scotland) and finally on the level of the city talked about in this article, Alloa.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Alloa||no relevant data for this city||no relevant data for this city||no relevant data for this city||74.0%|
|Clackmannanshire||5.10%||£748||no relevant data for this city||64.83%|
You may also find it useful to compare the data above to the number of properties sold per month Alloa experiences. This figure for house sales per month is 45. 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.
Is the housing market in Alloa growing?
The growth of an area like Alloa can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
|1 year||3 years||5 years|
|Alloa growth rate||3%||9%||no relevant data for this city|
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Alloa if you want to find out the exact reasons for the housing change.