Alfold 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 Alfold.
On top of this, keep reading for detailed information on the demographics of Alfold in Surrey. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
What is the final sale price of a house in Alfold?
In Alfold, the average sale price of a house for sale is in fact £524,253. This is dependent on the 10 year population growth of Alfold being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Alfold.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £692,603 |
| Aerage sold price (semi-detached) | £447,755 |
| Aerage sold price (terraced) | £334,147 |
| Aerage sold price (flat) | £242,013 |
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Alfold.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £4,400 |
| Aerage sold price/sqft (new build) | £4,570 |
| Aerage sold price/sqft (old stock) | £4,310 |
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £4,660. This means if you are just looking out the houses sold in Alfold in general and didn’t take into consideration the type of build. For example, a new build.
Always consider average rental yield when searching for houses for sale in Alfold
Is the housing market in Alfold growing?
Before committing to Alfold 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 | |
|---|---|---|---|
| Alfold growth rate | 6% | 13% | 26% |
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 Alfold is building housing to find your answer.
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 Alfold to Surrey and the broader suburb of the UK; South East.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Alfold | 3.1% | £1,646 | no relevant data for this city | 9.0% |
| Surrey | 3.38% | £1,657 | 117.61% | 16.05% |
| South East | 3.58% | £1,301 | 127.50% | 16.69% |
Let’s assume you want to sell the house you’re looking to buy in Alfold for profit in the future, in this case, looking at the data for the number of houses sold per month in Alfold would give you an idea of whether the area is actively getting new investors. This figure is 11.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Alfold. 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.
What are the people like in Alfold?
What is the education level like in Alfold?
The number of people as a percentage who have been through university and gained a degree is 35%. The ability to buy a home is greatly influenced by the number of people who have degrees. £54,000 is the amount people in Alfold 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 Alfold, 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.
What salary does the community in Alfold take home?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£54,000 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 35% for Alfold.
In Alfold, how has the population changed?
The city of Alfold has a total population of 14,488. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Alfold is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Alfold
Over time, in the last five years, the population of the city of Alfold has changed by 2%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 2% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Alfold?
In the last 10 years, there has been a shift in the population of 5%.
Comparing this to the 5 year figure of Alfold can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
In the city of Alfold, is there a lot of green space?
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 Alfold currently has 39.0 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 Alfold in this case.
The city of Alfold, situated in Surrey, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Alfold and its demographics will be compared to its wider location (South East). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Alfold. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In Alfold, what are the deprivation levels like?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Alfold is 15%.
In Alfold, what is the social grade score?
In the city of Alfold, the social grade score of the area is 35%. 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 Alfold.
| 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 general, do people commit a lot of crime in Alfold?
The crime rate of Alfold 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 54, 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 (54) is both useful and is recommended to be compared to the average.
houses for sale in other cities in the UK
You can assess the various houses for sale offered in the area by consulting this list of cities in South East, the same UK region as Alfold:
- Bramshill in South East
- Camberley in South East
- Holland in South East
- College-Town in South East
- Borstal in South East
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
In Alfold, what is the asking price in general for a house for sale?
Average prices for the houses for sale in Alfold
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £391,685 |
| Average asking price (3 bed) | £584,621 |
| Average asking price (4 bed) | £873,833 |
| Average asking price (5 bed) | £1,519,583 |
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Alfold 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 £4,920 should also give you an overview of what the asking price for houses for sale are in general.
When speaking about the city of Alfold, £644,631 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Alfold would be after a larger house than someone living alone.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
A house for sale that is right for you
Many criteria impact the price of houses for sale in Alfold.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
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Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
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Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
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Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
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Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
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Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
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Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
Who can help you buy a house for sale in Alfold?
Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.
Below, you can find a list of professionals that come in handy when looking for houses for sale:
- Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
- Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
- Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
- Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
- Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
- Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment
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