As a landlord, whenever you are looking at houses for sale in Moray, you could find varying prices throughout an area like Alves. 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 Alves 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 Alves will be revealed. Keep reading.
What are the demographics like in the city of Alves?
Is the crime rate bad in the city of Alves?
In Alves, for every 1000 people, there is currently a crime rate of no relevant data for this city. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (no relevant data for this city for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
Are the people of Alves 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 Alves, 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.
What is the social grade score of Alves?
In the city of Alves, 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 Alves.
|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 Alves, how educated are people in general?
In Alves, 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 Alves 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.
The city of Alves, situated in Moray, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Alves 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 Alves. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Are the people in Alves earning a lot?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Alves, the average income is no relevant data for this city. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of no relevant data for this city to decide on what the demographics are like in the area.
Have the people of Alves 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 Alves if 34,019 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 Alves such as rental yield or house appreciation.
How has the population size of Alves adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Alves by 0%. 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 0% 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 Alves?
In the last decade, the population of Alves has been adjusted by 2%. 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.
How much green space is available to residents of Alves?
In the city of Alves, there are 18.9 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 Alves is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Why you should consider the average rental yield when searching for houses for sale in Alves
Is the housing market in Alves growing?
The growth of an area like Alves 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|
|Alves growth rate||9%||5%||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 Alves if you want to find out the exact reasons for the housing change.
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 Alves, 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 Moray, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Alves||no relevant data for this city||no relevant data for this city||no relevant data for this city||34.0%|
|Moray||no relevant data for this city||no relevant data for this city||no relevant data for this city||38.71%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Alves you might be interested in the number of sales per month (40) that happen in the local housing market. Comparing this figure for Alves with the above table gives you a good understanding of the profitability of the area.
In general, for the city of Alves, what are the final purchase prices for the houses for sale?
As well as looking at the asking price for house for sale in Alves, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Alves.
Houses for sale, are sold on average in Alves, after the influence of these factors, at £168,319 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 2% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£243,343|
|Aerage sold price (semi-detached)||£163,888|
|Aerage sold price (terraced)||£125,428|
|Aerage sold price (flat)||£96,143|
This table above shows the average sale price for each variation of houses for sale in Alves.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,620|
|Aerage sold price/sqft (new build)||£1,450|
|Aerage sold price/sqft (old stock)||£1,630|
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Alves is £1,650.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Asking price in Alves for a house for sale
Average asking prices for houses for sale in Alves
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£126,039|
|Average asking price (3 bed)||£202,500|
|Average asking price (4 bed)||£303,450|
|Average asking price (5 bed)||no relevant data for this city|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£1,690) for houses for sale with this table to get a good idea as to whether Alves is the right area to buy a house in for you.
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 Alves 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 £211,111.
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 Alves.
Get professional help on the houses for sale in Alves
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
houses for sale in other cities in the UK
Below are a list of towns with a similar location to Alves.
Reading these analysis will help you evaluate the different houses for sale currently listed in Scotland:
- Altonhill in Scotland
- Aldclune in Scotland
- Auchbreck in Scotland
- Alva in Scotland
- Bridge-Of-Craigisla in Scotland
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
Choose the right house for sale that suits your needs
Many criteria impact the price of houses for sale in Alves.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.