Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in South Alloa, Clackmannanshire.
From the average asking price of houses for sale in South Alloa to the growth of the population in the area, all will be talked about regarding the city of South Alloa. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Why you should consider the average rental yield when searching for houses for sale in South Alloa
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 South Alloa to Clackmannanshire and the broader suburb of the UK; Scotland.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|South Alloa||5.1%||£748||no relevant data for this city||73.0%|
|Clackmannanshire||5.10%||£748||no relevant data for this city||64.83%|
Let’s assume you want to sell the house you’re looking to buy in South Alloa for profit in the future, in this case, looking at the data for the number of houses sold per month in South Alloa would give you an idea of whether the area is actively getting new investors. This figure is 44.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in South Alloa. 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 South Alloa growing?
Before committing to South Alloa 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|
|South Alloa growth rate||12%||18%||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 South Alloa is building housing to find your answer.
What are the asking prices for the houses for sale in the city of South Alloa?
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 South Alloa 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 £174,587.
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 South Alloa.
Average price of houses for sale in South Alloa
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£130,960|
|Average asking price (3 bed)||£167,485|
|Average asking price (4 bed)||£327,375|
|Average asking price (5 bed)||no relevant data for this city|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in South Alloa and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.
In general, what do houses for sale sell for in South Alloa?
As well as looking at the asking price for house for sale in South Alloa, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in South Alloa.
Houses for sale, are sold on average in South Alloa, after the influence of these factors, at £136,769 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 5% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£245,568|
|Aerage sold price (semi-detached)||£139,997|
|Aerage sold price (terraced)||£117,231|
|Aerage sold price (flat)||£100,801|
This table above shows the average sale price for each variation of houses for sale in South Alloa.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,650|
|Aerage sold price/sqft (new build)||£1,400|
|Aerage sold price/sqft (old stock)||£1,640|
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in South Alloa is £1,650.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Are there any important statistics about the population of South Alloa?
Is the crime rate bad in the city of South Alloa?
For every one thousand people living in South Alloa, no relevant data for this city commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of no relevant data for this city is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
How much green space is available to residents of South Alloa?
Whether you view green space in South Alloa as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In South Alloa, the number of acres of green space for every 1000 people currently is 20.4 which can be measured against the UK average of 1.7.
Have the people of South Alloa grown in numbers?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of South Alloa if 31,299 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 South Alloa such as rental yield or house appreciation.
How has the population size of South Alloa adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of South Alloa by 1%. 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 1% 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 South Alloa?
In the last decade, the population of South Alloa has been adjusted by 5%. 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.
For the city of South Alloa, what is the education level?
The number of people as a percentage who have been through university and gained a degree is no relevant data for this city. The ability to buy a home is greatly influenced by the number of people who have degrees. no relevant data for this city is the amount people in South Alloa are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in South Alloa, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
Are the people of South Alloa deprived?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of no relevant data for this city for South Alloa should give you a nice idea of the deprivation in the area.
How much are those living in South Alloa 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 South Alloa, 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.
In South Alloa, what is the social grade score?
In the city of South Alloa, the social grade score of the area is no relevant data for this city. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of South Alloa.
|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|
South Alloa in the county of Clackmannanshire 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 South Alloa 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 South Alloa, 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.
Get professional help on the houses for sale in South Alloa
A house for sale that is right for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in South Alloa
affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
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.
Are you considering other cities with houses for sale?
We have prepared a list of cities in Scotland, the same UK region of South Alloa that can help you evaluate the different houses for sale listed in the region:
- Largs in Scotland
- Aberdeen in Scotland
- Lochwinnoch in Scotland
- Craigmillar in Scotland
- Grangemouth in Scotland
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.