As a landlord, whenever you are looking at houses for sale in Northumberland, you could find varying prices throughout an area like Ancroft. 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 Ancroft 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 Ancroft will be revealed. Keep reading.
Always consider average rental yield when searching for houses for sale in Ancroft
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 Ancroft, 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 Northumberland, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Ancroft | no relevant data for this city | no relevant data for this city | no relevant data for this city | 16.0% |
| Northumberland | 4.28% | £659 | 106.75% | 18.57% |
| 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 Ancroft you might be interested in the number of sales per month (10) that happen in the local housing market. Comparing this figure for Ancroft with the above table gives you a good understanding of the profitability of the area.
Are there new houses being built in Ancroft to make it grow?
The growth of an area like Ancroft 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 | |
|---|---|---|---|
| Ancroft growth rate | 13% | 19% | 28% |
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 Ancroft if you want to find out the exact reasons for the housing change.
In Ancroft, what are the demographics like?
Is the city of Ancroft 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 Ancroft, in particular, the deprivation levels are 25%.
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 education level like in Ancroft?
In Ancroft, the proportion of people who have a degree is 20%. 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 Ancroft is £30,800.
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.
Located in Northumberland is the city of Ancroft, in a large part of the UK; Scotland. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Ancroft has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Ancroft which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
What’s crime like in Ancroft?
Within Ancroft, the number of people committing crimes is 82 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 82 figure carefully.
What does the population of Ancroft look like?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Ancroft if 18,041 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 Ancroft such as rental yield or house appreciation.
How has the population size of Ancroft adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Ancroft 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 Ancroft?
In the last decade, the population of Ancroft 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.
Do the people of Ancroft get to enjoy 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 Ancroft currently has 28.5 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 Ancroft in this case.
What is the social grade score of Ancroft?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Ancroft, the percentage of people in the two highest categories, A and B is 13%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £30,800. This income will generally get bigger as the percentage of people in the A and B categories go up too (13%).
How much do people in Ancroft 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 Ancroft. Compare the area’s average household income of £30,800 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 13% for more conclusive data on the affluence of the area.
In general, what do houses for sale sell for in Ancroft?
In Ancroft, the average sale price of a house for sale is in fact £162,160. This is dependent on the 10 year population growth of Ancroft being 3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Ancroft.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £272,966 |
| Aerage sold price (semi-detached) | £134,052 |
| Aerage sold price (terraced) | £139,738 |
| Aerage sold price (flat) | £102,032 |
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 Ancroft.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,630 |
| Aerage sold price/sqft (new build) | £1,920 |
| Aerage sold price/sqft (old stock) | £1,570 |
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 £1,630. This means if you are just looking out the houses sold in Ancroft in general and didn’t take into consideration the type of build. For example, a new build.
What are the asking prices for the houses for sale in the city of Ancroft?
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 Ancroft 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 £186,929.
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 Ancroft.
The average asking price for the houses for sale in the city of Ancroft
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £140,536 |
| Average asking price (3 bed) | £203,864 |
| Average asking price (4 bed) | no relevant data for this city |
| 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 Ancroft has a lack of supply of housing in certain categories.
Invest in houses for sale in Ancroft with the right professional advice
Invest in a house for sale that meets your demands
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 Ancroft.
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Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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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.
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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.
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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.
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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.
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Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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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
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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.
Thinking about other cities with houses for sale?
Examine this short list of cities belonging to Scotland, the same region where Ancroft is located.
- Banff in Scotland
- Annan in Scotland
- Aberfoyle in Scotland
- Bellside in Scotland
- Bankshill in Scotland
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.
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.
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