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 Aldingbourne, West Sussex.
From the average asking price of houses for sale in Aldingbourne, to the growth of the population in the area, all will be talked about regarding the city of Aldingbourne. 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 Aldingbourne?
For the city of Aldingbourne, what is the education level?
In the city of Aldingbourne, 26% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Aldingbourne is £39,400. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
Aldingbourne 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 Aldingbourne 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 Aldingbourne, 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.
Are the people of Aldingbourne 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 Aldingbourne, in particular, the deprivation levels are 22%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
Are the people in Aldingbourne earning a lot?
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 (22%). 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 Aldingbourne, this works out to be £39,400. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
In the city of Aldingbourne, has the population grown or shrunk?
In total, the number of people in Aldingbourne is 32,437. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Aldingbourne, depending on where exactly you are.
How has Aldingbourne changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Aldingbourne has changed by 3%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 3% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Aldingbourne?
7% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Aldingbourne have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
What’s a social grade score and how does it relate to Aldingbourne?
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 Aldingbourne, the percentage of people in the two highest categories, A and B is 22%. 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 £39,400. This income will generally get bigger as the percentage of people in the A and B categories go up too (22%).
In Aldingbourne, what is the crime rate?
The crime rate of Aldingbourne 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 81, 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 (81) is both useful and is recommended to be compared to the average.
In the city of Aldingbourne, is there a lot of green space?
Whether you view green space in Aldingbourne 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 Aldingbourne, the number of acres of green space for every 1000 people currently is 15.3 which can be measured against the UK average of 1.7.
Why you should consider the average rental yield when searching for houses for sale in Aldingbourne
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 Aldingbourne this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (South East) alongside West Sussex 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 Aldingbourne.
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) | |
|---|---|---|---|---|
| Aldingbourne | 3.6% | £1,368 | 122% | 10.0% |
| West Sussex | 3.49% | £1,280 | 132.83% | 17.69% |
| South East | 3.58% | £1,301 | 127.50% | 16.69% |
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 Aldingbourne.
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 (25) will be useful.
Are there more or fewer houses being built in Aldingbourne?
Whenever you are thinking about looking for houses for sale in Aldingbourne, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Aldingbourne growth rate | 4% | 20% | 20% |
As the population of Aldingbourne grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
Finding the ideal house for sale for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Aldingbourne
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affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
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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.
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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.
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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.
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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.
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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
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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?
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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.
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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.
Other cities you can consider looking for with houses for sale
See here below a list of cities in the same UK region of Aldingbourne which is South East. You might want to consider these as alternatives for your next real estate investment:
- Haywards-Heath in South East
- Ashurst in South East
- Cowden in South East
- Balmerlawn in South East
- Banbury in South East
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
In general, what do houses for sale sell for in Aldingbourne?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Aldingbourne. In Aldingbourne, this sale price works out to be £356,861. As an example, a factor like population growth over the last 10 years which works out to be 7% in Aldingbourne and impacts house prices of the houses for sale.
| Housing category | Total final sale price |
|---|---|
| Average sold price (detached) | £475,381 |
| Average sold price (semi-detached) | £306,108 |
| Average sold price (terraced) | £270,107 |
| Average sold price (flat) | £189,146 |
Above, the exact type of house is also shown to vary in price in a table in Aldingbourne. 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 | £3,510 |
| Average sold price/sqft (new build) | £3,430 |
| Average sold price/sqft (old stock) | £3,480 |
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 Aldingbourne which is £3,770. 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.
Asking price in Aldingbourne for a house for sale
In the city of Aldingbourne, what is the average asking price for the houses for sale?
| Average asking price (1 bed) | £206,833 |
| Average asking price (2 bed) | £321,758 |
| Average asking price (3 bed) | £446,612 |
| Average asking price (4 bed) | £570,092 |
| Average asking price (5 bed) | £823,122 |
After looking at this table about prices of houses for sale in Aldingbourne, 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 £4,030 will help them to have a more holistic understanding.
On average, in Aldingbourne, the asking price for a house for sale in the area is £458,878.
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 Aldingbourne. 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.
Get professional help on the houses for sale in Aldingbourne
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
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