Auchentiber might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of East Ayrshire.
Before looking for a house for sale in the city of Auchentiber we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Auchentiber.
What are the demographics like in the city of Auchentiber?
For the city of Auchentiber, what is the education level?
In Auchentiber, 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 Auchentiber 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.
How much green space is available to residents of Auchentiber?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Auchentiber, no relevant data for this city is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Auchentiber.
The city of Auchentiber, situated in East Ayrshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Auchentiber 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 Auchentiber. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How much are those living in Auchentiber earning?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (no relevant data for this city). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Auchentiber, this works out to be no relevant data for this city. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
What is a social grade score and how does this relate to Auchentiber?
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 Auchentiber, the percentage of people in the two highest categories, A and B is no relevant data for this city. 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 no relevant data for this city. This income will generally get bigger as the percentage of people in the A and B categories go up too (no relevant data for this city).
What is the population of Auchentiber?
Population growth in Auchentiber is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Auchentiber, 17,128 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Auchentiber in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Auchentiber, this change has been -1%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of -1%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Auchentiber?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be -3% in Auchentiber.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
In general, do people commit a lot of crime in Auchentiber?
In Auchentiber, for every 1000 people, there is currently a crime rate of 1. 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 (1 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.
How deprived is the population of Auchentiber?
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 Auchentiber 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.
What are the asking prices for the houses for sale in the city of Auchentiber?
On average, in Auchentiber, the asking price for a house for sale in the area is £121,489.
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 Auchentiber. 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.
Table showing the asking prices for houses for sale in Auchentiber
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£98,115|
|Average asking price (3 bed)||£122,725|
|Average asking price (4 bed)||no relevant data for this city|
|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 (£0) for houses for sale with this table to get a good idea as to whether Auchentiber is the right area to buy a house in for you.
In Auchentiber, what do houses for sale tend to sell for?
In Auchentiber, the average sale price of a house for sale is in fact £101,433. This is dependent on the 10 year population growth of Auchentiber being -3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Auchentiber.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£191,102|
|Aerage sold price (semi-detached)||£99,973|
|Aerage sold price (terraced)||£78,543|
|Aerage sold price (flat)||£60,861|
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 Auchentiber.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,120|
|Aerage sold price/sqft (new build)||£1,000|
|Aerage sold price/sqft (old stock)||£1,130|
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 £1,120. This means if you are just looking out the houses sold in Auchentiber in general and didn’t take into consideration the type of build. For example, a new build.
How are rental yields of the houses for sale different to the rest of the UK in Auchentiber?
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Auchentiber to East Ayrshire and the broader suburb of the UK; Scotland.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Auchentiber||no relevant data for this city||no relevant data for this city||no relevant data for this city||59.0%|
|East Ayrshire||4.95%||£547||no relevant data for this city||53.52%|
Let’s assume you want to sell the house you’re looking to buy in Auchentiber for profit in the future, in this case, looking at the data for the number of houses sold per month in Auchentiber would give you an idea of whether the area is actively getting new investors. This figure is 22.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Auchentiber. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
Is the housing market in Auchentiber growing?
Whenever you are thinking about looking for houses for sale in Auchentiber, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Auchentiber growth rate||-10%||27%||no relevant data for this city|
As the population of Auchentiber grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.