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Ancrum – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Scotland $ Ancrum – What to look for in houses for sale?

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Whenever looking for a house for sale in the UK or in Ancrum, it is vital you look at the market trends and house price fluctuations in the wider area of Scottish Borders too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Ancrum.

In this article, we will be looking at the city of Ancrum in detail so you know how to navigate the area and have a better understanding on where to invest.

What is the final sale price of a house in Ancrum?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Ancrum. In Ancrum, this sale price works out to be £139,671. As an example, a factor like population growth over the last 10 years which works out to be 1% in Ancrum and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £293,725
Average sold price (semi-detached) £148,710
Average sold price (terraced) £121,425
Average sold price (flat) £72,809

Above, the exact type of house is also shown to vary in price in a table in Ancrum. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.

Housing category Sale price per square foot
Average sold price/sqft £1,200
Average sold price/sqft (new build) £1,110
Average sold price/sqft (old stock) £1,240

In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Ancrum which is £1,200. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.

Choose the right house for sale that suits your needs

What parameters impact the final price of a house for sale in Ancrum?
Here below is our list with the most important ones:

  • House for sale affordability – check out the (see house affordability guide)

    on the UK gov website to know more

  • House Location – the actual location of a house for sale drastically changes the final price of a property

  • Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.

  • Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.

  • Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.

  • Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs

  • Do you drive to the office? – If yes, ask about parking. Is it included in the house price?

  • Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.

  • Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.

Thinking of a different city and perhaps a different location?

We have prepared a list of cities that are entirely dissimilar to the region of Scotland, perfect if you are looking for somewhere similar to Ancrum but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.

What kind of demographics does the city of Ancrum have?

Have the people of Ancrum grown in numbers?

In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Ancrum is 6138.

Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.

The most important variable is the location of the houses for sale in the city of Ancrum.

In Ancrum, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 1%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here

This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.

Making predictions about the future growth of Ancrum is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.

Comparing this figure for the 5 year growth (1%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.

Ancrum population difference over 10 years?

The population has adjusted in the area of Ancrum by 1% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.

This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Ancrum.

To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.

For the city of Ancrum, what is the education level?

In the city of Ancrum, 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 Ancrum 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%.

How much are those living in Ancrum 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 Ancrum. 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.

What’s the crime rate in Ancrum?

In Ancrum, 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.

What’s a social grade score and how does it relate to Ancrum?

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 Ancrum 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.

In the city of Ancrum, how much green space remains for residents?

In the city of Ancrum, there are 34 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 Ancrum is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

The city of Ancrum, situated in Scottish Borders, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Ancrum 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 Ancrum. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Is the city of Ancrum deprived?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Ancrum is no relevant data for this city.

What is the asking price on average of houses for sale in Ancrum?

Average price of houses for sale in Ancrum

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

After looking at this table about prices of houses for sale in Ancrum, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more holistic understanding.

When speaking about the city of Ancrum, £172,024 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 in Ancrum would be after a larger house than someone living alone.

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.

Get professional help on the houses for sale in Ancrum

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

  • Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
  • Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
  • Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
  • Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
  • Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
  • Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

How are rental yields of the houses for sale different to the rest of the UK in Ancrum?

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 Ancrum, 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 Scottish Borders, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Ancrum no relevant data for this city no relevant data for this city no relevant data for this city £1
Scottish Borders no relevant data for this city no relevant data for this city no relevant data for this city 49.64%
Scotland 0.05 871.42 £1 59.40%

Assuming that in the future you want to re-sell the house you will eventually purchased in Ancrum you might be interested in the number of sales per month (no relevant data for this city) that happen in the local housing market. Comparing this figure for Ancrum with the above table gives you a good understanding of the profitability of the area.

Are there new houses being built in Ancrum to make it grow?

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 Ancrum that shows the growth in recent years.

1 year 3 years 5 years
Ancrum growth rate -4% 40% 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 Ancrum is important.

F.A.Q.

Is it possible to renovate a property in Ancrum?

If planning permissions are abundant in the vicinity of Ancrum, it may look promising for landlords looking to renovate. With no relevant data for this city getting approved on a monthly basis, and a success rate of no relevant data for this city, these prospects flourish against a population of 6138. A comparative analysis against other locations across the UK will lend you a good perspective of this data.

In Ancrum, how many property sales per month are there?

In Ancrum, the monthly property transaction count reaches no relevant data for this city, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

What is the population change each year in a city like Ancrum?

For a comprehensive analysis of Ancrum’s population trends, observe the population fluctuation over a decade, indicated by 1%, and the five-year alteration represented by 1%. Perhaps also look at data from another nearby city too so you can see a comparison.

prices for houses on sale in the broader vicinity of Ancrum?

Currently, the mean asking price of a house in Ancrum is £0, calculated using the average value per square foot

Does opting for a house for sale in Ancrum come with a hefty price tag?

Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Ancrum, this stands at £139,671, whereas the UK’s mean is £286,500.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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