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 Alciston, East Sussex.
From the average asking price of houses for sale in Alciston to the growth of the population in the area, all will be talked about regarding the city of Alciston. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What are the demographics like in the city of Alciston?
What is the social grade score of Alciston?
In the city of Alciston, the social grade score of the area is 21%. 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 Alciston.
|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|
In Alciston, 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 Alciston if 11,451 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 Alciston such as rental yield or house appreciation.
How has the population size of Alciston adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Alciston by 4%. 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 4% 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 Alciston?
In the last decade, the population of Alciston has been adjusted by 10%. 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 crime like in Alciston?
Within Alciston, the number of people committing crimes is 76 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 76 figure carefully.
Are the people of Alciston 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 Alciston, 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.
How much green space is available to residents of Alciston?
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 Alciston currently has 19.6 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 Alciston in this case.
How much do people in Alciston earn?
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 £38,600.
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 Alciston this figure is 21%.
Alciston in the county of East 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 Alciston 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 Alciston, 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.
Is the education level of Alciston important when buying a house?
In the city of Alciston, 24% 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 Alciston is £38,600.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
How are rental yields of the houses for sale different to the rest of the UK in Alciston?
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Alciston.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (East Sussex) as well as the broader region; South East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Alciston||no relevant data for this city||no relevant data for this city||no relevant data for this city||22.0%|
Also, you can compare other data to the table above such as the number of houses sold per month in Alciston which is 14 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Alciston is to invest in. Both in terms of rental yield and capital appreciation.
Are there more or fewer houses being built in Alciston?
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 Alciston at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Alciston growth rate||-1%||19%||23%|
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 Alciston 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 Alciston.
In Alciston, what is the asking price in general for a house for sale?
In the city of Alciston, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£346,155|
|Average asking price (3 bed)||£396,667|
|Average asking price (4 bed)||£530,833|
|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 Alciston 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.
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 Alciston is £384,730.
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 Alciston is useful when negotiating and knowing what to expect for every type of house for sale.
What is the final sale price of a house in Alciston?
As well as looking at the asking price for house for sale in Alciston, 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 Alciston.
Houses for sale, are sold on average in Alciston, after the influence of these factors, at £298,184 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 10% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£398,387|
|Aerage sold price (semi-detached)||£277,168|
|Aerage sold price (terraced)||£262,381|
|Aerage sold price (flat)||£154,234|
This table above shows the average sale price for each variation of houses for sale in Alciston.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,430|
|Aerage sold price/sqft (new build)||£3,070|
|Aerage sold price/sqft (old stock)||£3,380|
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 Alciston is £3,430.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.