What is it like buying a house in Aylesford?

by | Nov 15, 2022

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Whenever looking for a house for sale in the UK or in Aylesford, it is vital you look at the market trends and house price fluctuations in the wider area of Kent too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Aylesford.

In this article, we will be looking at the city of Aylesford in detail so you know how to navigate the area and have a better understanding on where to invest.

In Aylesford, what are the demographics like?

Aylesford within Kent is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Aylesford 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 Aylesford.

What is a social grade score and how does this relate to Aylesford?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.

The number of people in Aylesford in grades A or B which are the highest skilled roles in the country is 21%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £50,000 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 21%.

What’s the crime rate in Aylesford?

The crime rate of Aylesford 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 86, 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 (86) is both useful and is recommended to be compared to the average.

For the city of Aylesford, what is the education level?

In the city of Aylesford, 20% 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 Aylesford is £50,000.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

Have the people of Aylesford grown in numbers?

In total, the number of people in Aylesford is 20,645. 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 Aylesford, depending on where exactly you are.

How has Aylesford 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 Aylesford has changed by 5%. 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 5% 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 Aylesford?

11% 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 Aylesford 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.

How much green space is available to residents of Aylesford?

Whether you view green space in Aylesford 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 Aylesford, the number of acres of green space for every 1000 people currently is 27.7 which can be measured against the UK average of 1.7.

How much do people in Aylesford earn?

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 (21%). 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 Aylesford, this works out to be £50,000. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

Are the deprivation levels of the UK any different to Aylesford?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Aylesford, currently, 20% 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.

In general, what do houses for sale sell for in Aylesford?

For the city of Aylesford, the average price a house sells for is £318,611. This value usually depends on the exact location of the house within Aylesford as well as other factors like the population growth in Aylesford which is 11% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £469,242
Aerage sold price (semi-detached) £334,756
Aerage sold price (terraced) £272,575
Aerage sold price (flat) £196,725

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 Aylesford.

Housing category Sale price per square foot
Aerage sold price/sqft £3,550
Aerage sold price/sqft (new build) £3,510
Aerage sold price/sqft (old stock) £3,480

Generalising the bottom table, the average value per square foot of a house for sale is £3,500. This value averages all of the types of houses for sale in Aylesford. 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 Aylesford.

What is the asking price on average of houses for sale in Aylesford?

Average asking prices for houses for sale in Aylesford

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £286,482
Average asking price (3 bed) £392,024
Average asking price (4 bed) £511,346
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Aylesford, 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 £3,440 will help them to have a more wholistic understanding.

When speaking about the city of Aylesford, £399,423 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 would be after a larger house than someone living alone in Aylesford.

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.

What’s the rental yield in general for the city of Aylesford?

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Aylesford, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; South East. As well as Kent, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Aylesford 3.7% £1,215 no relevant data for this city 16.0%
Kent 3.63% £1,229 130.16% 16.77%
South East 3.58% £1,301 127.50% 16.69%

Assuming that in the future you want to re-sell the house you will eventually purchased in Aylesford you might be interested in the number of sales per month (15) that happen in the local housing market. Comparing this figure for Aylesford with the above table gives you a good understanding of the profitability of the area.

Are there new houses being built in Aylesford to make it grow?

Before committing to Aylesford 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
Aylesford growth rate 8% 19% 18%

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 Aylesford is building housing to find your answer.

Who can help you buy a house for sale in Aylesford?

Thinking about other cities with houses for sale?

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 Aylesford:

You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK

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

A house for sale appropriate to your needs

Many criteria impact the price of houses for sale in Aylesford.
Here below are the most important ones according to Lofti’s expertise:

  • Affordability – (see what house for sale can you afford?)

    A guide from the UK government

  • 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.

  • 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

  • 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

  • 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.

  • 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

  • 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

  • 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.