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Auchtermuchty – What to look for in houses for sale?

by | Nov 15, 2022

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

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Whenever looking for a house for sale in the UK or in Auchtermuchty, it is vital you look at the market trends and house price fluctuations in the wider area of Fife 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 Auchtermuchty.

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

In general, what do houses for sale sell for in Auchtermuchty?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Auchtermuchty. In Auchtermuchty, this sale price works out to be £149,861. As an example, a factor like population growth over the last 10 years which works out to be 3% in Auchtermuchty and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £280,426
Average sold price (semi-detached) £155,040
Average sold price (terraced) £126,476
Average sold price (flat) £83,949

Above, the exact type of house is also shown to vary in price in a table in Auchtermuchty. 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 £1,460
Average sold price/sqft (new build) £1,350
Average sold price/sqft (old stock) £1,440

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 Auchtermuchty which is £1,460. 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.

In Auchtermuchty, what is the asking price in general for a house for sale?

Table showing the asking prices for houses for sale in Auchtermuchty

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

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 Auchtermuchty has a lack of supply of housing in certain categories.

On average, in Auchtermuchty, the asking price for a house for sale in the area is £191,444.

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 Auchtermuchty. 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.

Thinking of a different city and perhaps a different location?

You can consult our list below that goes over a list of cities not necessarily in Scotland, allowing you to find similar places to Auchtermuchty:

You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK

What are the people like in Auchtermuchty?

Is the crime rate bad in the city of Auchtermuchty?

For the city of Auchtermuchty, crime rate is at no relevant data for this city. So for every 1000 people in the area, no relevant data for this city commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

In the city of Auchtermuchty, has the population grown or shrunk?

The city of Auchtermuchty has a total population of 6832. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Auchtermuchty is growing.

A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.

Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.

The five year population change of Auchtermuchty

Over time, in the last five years, the population of the city of Auchtermuchty has changed by 2%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here

In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 2% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.

What is the difference in population over the last 10 years in Auchtermuchty?

In the last 10 years, there has been a shift in the population of 3%.

Comparing this to the 5 year figure of Auchtermuchty can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.

New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.

A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.

In the city of Auchtermuchty, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Fife for example.

These demographics for Auchtermuchty may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Auchtermuchty in Scotland.

How much green space is available to residents of Auchtermuchty?

In the city of Auchtermuchty, there are 8 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 Auchtermuchty is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

What is a social grade score and how does this relate to Auchtermuchty?

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 Auchtermuchty 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.

How much are those living in Auchtermuchty earning?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is no relevant data for this city.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Auchtermuchty this figure is no relevant data for this city.

How deprived is the population of Auchtermuchty?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Auchtermuchty, currently, no relevant data for this city people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

In Auchtermuchty, how educated are people in general?

In the city of Auchtermuchty, 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 Auchtermuchty 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%.

A house for sale appropriate to your needs

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 Auchtermuchty.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)
  • 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.
  • 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.
  • 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.
  • 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.
  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
  • 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
  • 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.
Auchtermuchty

Get professional help on the houses for sale in Auchtermuchty

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

Why you should consider the average rental yield when searching for houses for sale in Auchtermuchty

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Auchtermuchty, currently, no relevant data for this city people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area and how much you can charge for rent in your ast (assured tenancy shorthold).

Are there more or fewer houses being built in Auchtermuchty?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Auchtermuchty at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Auchtermuchty growth rate 32% 4% no relevant data for this city

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Auchtermuchty gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Auchtermuchty.

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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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