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 Aldwick, West Sussex.
From the average asking price of houses for sale in Aldwick, to the growth of the population in the area, all will be talked about regarding the city of Aldwick. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Who can help you buy a house for sale in Aldwick?
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
What kind of demographics does the city of Aldwick have?
What’s a social grade score and how does it relate to Aldwick?
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 Aldwick, the percentage of people in the two highest categories, A and B is 15%. 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 £35,000.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (15%).
Aldwick within West Sussex is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Aldwick will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South East). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Aldwick.
For the city of Aldwick, what is the education level?
The number of people as a percentage who have been through university and gained a degree is 20%. The ability to buy a home is greatly influenced by the number of people who have degrees. £35,000.00 is the amount people in Aldwick 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 Aldwick, 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.
In general, do people commit a lot of crime in Aldwick?
Within Aldwick, the number of people committing crimes is 12300% 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 12300% figure carefully.
In the city of Aldwick, is there a lot of green space?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Aldwick, 4 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Aldwick.
How much are those living in Aldwick 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 (15%). 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 Aldwick, this works out to be £35,000.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Have the people of Aldwick 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 Aldwick if 39509 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 Aldwick such as rental yield or house appreciation.
How has the population size of Aldwick adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Aldwick by 3%. 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 3% 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 Aldwick?
In the last decade, the population of Aldwick has been adjusted by 8%. 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.
How deprived is the population of Aldwick?
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 £0 for Aldwick should give you a nice idea of the deprivation in the area.
Finding the ideal house for sale for you
What parameters impact the final price of a house for sale in Aldwick?
Here below is our list with the most important ones:
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
House Location – the actual location of a house for sale drastically changes the final price of a property
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
In general, for the city of Aldwick, what are the final purchase prices for the houses for sale?
For the city of Aldwick, the average price a house sells for is £285,422. This value usually depends on the exact location of the house within Aldwick as well as other factors like the population growth which is 8% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£404,568|
|Aerage sold price (semi-detached)||£283,623|
|Aerage sold price (terraced)||£256,132|
|Aerage sold price (flat)||£147,240|
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Aldwick.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,050|
|Aerage sold price/sqft (new build)||£3,120|
|Aerage sold price/sqft (old stock)||£2,940|
Generalising the bottom table, the average value per square foot of a house for sale is £3,380. This value averages all of the types of houses for sale in Aldwick. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Aldwick.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.
What’s the rental yield in general for the city of Aldwick?
Is the housing market in Aldwick growing?
Before committing to Aldwick 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|
|Aldwick growth rate||-1%||12%||21%|
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 Aldwick is building housing to find your answer.
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Aldwick, currently, £0 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).
Asking price in Aldwick for a house for sale
On average, in Aldwick, the asking price for a house for sale in the area is £376,960.
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 Aldwick. 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.
Average price of houses for sale in Aldwick
|Average asking price (1 bed)||£146,555|
|Average asking price (2 bed)||£299,963|
|Average asking price (3 bed)||£407,627|
|Average asking price (4 bed)||£580,306|
|Average asking price (5 bed)||£840,450|
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 £3,710. 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 Aldwick has a lack of supply of housing in certain categories.
House for sale in a different UK region
If you are looking for similar places to buy a house that are just like Aldwick, examine this short list of cities below from outside of the region of South East for some inspiration.
- ashover in South East
- forest-hall in South East
- green-tye in South East
- crowthorne in South East
- barnsbury in South East
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
If you are a landlord, should you renovate a property in the city of Aldwick?
If planning permissions are abundant in the vicinity of Aldwick, it may look promising for landlords looking to renovate. With 17 getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 39509. A comparative analysis against other locations across the UK will lend you a good perspective of this data.
What’s the number of property sales each month in Aldwick?
The city of Aldwick sees around 28 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.
What is the population change each year in a city like Aldwick?
For a comprehensive analysis of Aldwick’s population trends, observe the population fluctuation over a decade, indicated by 8%, and the five-year alteration represented by 3%. Perhaps also look at data from another nearby city too so you can see a comparison.
What is the asking price for houses for sale in the wider region of Aldwick?
The average asking price of a house in Aldwick is currently £3,710 based on the average price per square foot.
Does opting for a house for sale in Aldwick come with a hefty price tag?
To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Aldwick, the value is £285,422, whereas the UK’s mean is £286,500