Adur 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 Adur.
On top of this, keep reading for detailed information on the demographics of Adur in West Sussex. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
How are rental yields of the houses for sale different to the rest of the UK in Adur?
In Adur, how has the number of houses changed?
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 Adur that shows the growth in recent years.
|1 year||3 years||5 years|
|Adur growth rate||3%||20%||23%|
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 Adur is important.
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 Adur to West Sussex and the broader suburb of the UK; South East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Adur||3.8%||£1,362||no relevant data for this city||14.0%|
Let’s assume you want to sell the house you’re looking to buy in Adur for profit in the future, in this case, looking at the data for the number of houses sold per month in Adur would give you an idea of whether the area is actively getting new investors. This figure is 20.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Adur. 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.
Are there any important statistics about the population of Adur?
How educated are the people in Adur?
In the city of Adur, 26% 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 Adur is £42,100.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Are the people of Adur deprived?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Adur, in particular, the deprivation levels are 24%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
What does the population of Adur look like?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Adur if 32,639 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 Adur such as rental yield or house appreciation.
How has the population size of Adur adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Adur 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 Adur?
In the last decade, the population of Adur 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.
What’s the crime rate in Adur?
The crime rate of Adur must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 91, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (91) is both useful and is recommended to be compared to the average.
What is the city of Adur’s social grade score?
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 Adur, the percentage of people in the two highest categories, A and B is 23%. 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 £42,100. This income will generally get bigger as the percentage of people in the A and B categories go up too (23%).
Is there sufficient green space in Adur?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Adur currently has 6.6 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Adur in this case.
Adur in the county of West Sussex 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 Adur is located in; South East.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Adur, 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.
What salary does the community in Adur take home?
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 £42,100.
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 Adur this figure is 23%.
What is the asking price on average of houses for sale in Adur?
Average price of houses for sale in Adur
|Average asking price (1 bed)||£226,872|
|Average asking price (2 bed)||£338,270|
|Average asking price (3 bed)||£481,451|
|Average asking price (4 bed)||£644,882|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Adur, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 £2,150 will help them to have a more wholistic understanding.
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Adur is £465,864.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Adur is useful when negotiating and knowing what to expect for every type of house for sale.
In Adur, what do houses for sale tend to sell for?
As well as looking at the asking price for house for sale in Adur, 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 Adur.
Houses for sale, are sold on average in Adur, after the influence of these factors, at £370,275 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)||£524,717|
|Aerage sold price (semi-detached)||£389,012|
|Aerage sold price (terraced)||£351,249|
|Aerage sold price (flat)||£233,124|
This table above shows the average sale price for each variation of houses for sale in Adur.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,950|
|Aerage sold price/sqft (new build)||£2,030|
|Aerage sold price/sqft (old stock)||£3,875|
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 Adur is £3,995.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.