- 1 We help you find the right agent
- 2 In Auchinleck, what are the rental yields?
- 3 What are the people like in Auchinleck?
- 4 Other cities in different locations you can consider to buy property
- 5 Asking price in Auchinleck for a house for sale
- 6 What is the final sale price of a house in Auchinleck?
- 7 Invest in houses for sale in Auchinleck with the right professional advice
- 8 Finding the ideal house for sale for you
- 9 FAQ
Auchinleck can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Auchinleck.
On top of this, keep reading for detailed information on the demographics of Auchinleck in East Ayrshire. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
In Auchinleck, what are the rental yields?
What is the growth in the housing market of Auchinleck?
Before committing to Auchinleck to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|1 year||3 years||5 years|
|Auchinleck growth rate||-14%||-11%||no relevant data for this city|
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Auchinleck is building housing to find your answer.
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Auchinleck this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (Scotland) alongside East Ayrshire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Auchinleck.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Auchinleck||no relevant data for this city||no relevant data for this city||no relevant data for this city||£0|
|East Ayrshire||4.95%||£546.50||no relevant data for this city||53.52%|
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Auchinleck.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (no relevant data for this city) will be useful.
What are the people like in Auchinleck?
What’s the crime rate in Auchinleck?
Within Auchinleck, the number of people committing crimes is no relevant data for this city 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 no relevant data for this city figure carefully.
What is a social grade score and how does this relate to Auchinleck?
In the city of Auchinleck and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Auchinleck has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is no relevant data for this city.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
|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|
Are the deprivation levels of the UK any different to Auchinleck?
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 Auchinleck 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.
How much do people in Auchinleck earn?
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 Auchinleck, 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.
Auchinleck in the county of East Ayrshire 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 Auchinleck 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 Auchinleck, 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.
In Auchinleck, how educated are people in general?
In Auchinleck, 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 Auchinleck 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.
In the city of Auchinleck, how much green space remains for residents?
In the city of Auchinleck, there are 12 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 Auchinleck is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In Auchinleck, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Auchinleck if 21397 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 Auchinleck such as rental yield or house appreciation.
How has the population size of Auchinleck adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Auchinleck 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 Auchinleck?
In the last decade, the population of Auchinleck has been adjusted by -1%. 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.
Other cities in different locations you can consider to buy property
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 Auchinleck 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:
- babcary in Scotland
- college-town in Scotland
- st-bees in Scotland
- barrow-upon-soar in Scotland
- bellside in Scotland
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.
Asking price in Auchinleck for a house for sale
Table showing the asking prices for houses for sale in Auchinleck
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£69,727|
|Average asking price (3 bed)||£136,605|
|Average asking price (4 bed)||£261,818|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Auchinleck, 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 investors make offers for houses for sale in Auchinleck, the average price asked by the homeowners works out to be £128,227.
In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.
Any house that looks like it is overpriced for the number of bedrooms it has in Auchinleck is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.
What is the final sale price of a house in Auchinleck?
In Auchinleck, the average sale price of a house for sale is in fact £87,282. This is dependent on the 10 year population growth of Auchinleck being -1%. Growing populations are more likely to inflate the prices of houses for sale in the city of Auchinleck.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£169,615|
|Aerage sold price (semi-detached)||£83,774|
|Aerage sold price (terraced)||£63,936|
|Aerage sold price (flat)||£38,106|
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 Auchinleck.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£870|
|Aerage sold price/sqft (new build)||£700|
|Aerage sold price/sqft (old stock)||£880|
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 £870. This means if you are just looking out the houses sold in Auchinleck in general and didn’t take into consideration the type of build. For example, a new build.
Invest in houses for sale in Auchinleck with the right professional advice
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
Finding the ideal house for sale for you
What parameters impact the final price of a house for sale in Auchinleck?
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.
Do properties in Auchinleck have the potential for renovation?
Auchinleck is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are no relevant data for this city each month, attaining a success rate of no relevant data for this city and a total population of 21397. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place
What’s the number of property sales each month in Auchinleck?
In the city of Auchinleck, there are no relevant data for this city and in the total for the UK, there are around 1.1 million property sales.
What’s the year-over-year population change in Auchinleck or similar cities?
Calculating the evolution of Auchinleck’s population requires an examination of the population transformation over a decade, amounting to -1%, and the five-year adjustment at 0%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby
prices for houses on sale in the broader vicinity of Auchinleck?
Currently, the mean asking price of a house in Auchinleck is £0, calculated using the average value per square foot
Is a house for sale in Auchinleck an expensive choice?
To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Auchinleck, the value is £87,282, whereas the UK’s mean is £286,500