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What is it like buying a house in Aldbourne?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South West $ What is it like buying a house in Aldbourne?

Aldbourne 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 Aldbourne.

On top of this, keep reading for detailed information on the demographics of Aldbourne in Wiltshire. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

What are the people like in Aldbourne?

In the city of Aldbourne, has the population grown or shrunk?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Aldbourne if 23,973 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 Aldbourne such as rental yield or house appreciation.

How has the population size of Aldbourne adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Aldbourne 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 Aldbourne?

In the last decade, the population of Aldbourne has been adjusted by 7%. 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.

In Aldbourne, what is the social grade score?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Aldbourne compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Aldbourne, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 36%.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

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

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

As you read on, Aldbourne will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South West). 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 Aldbourne.

How educated are the people in Aldbourne?

In the city of Aldbourne, 35% 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 Aldbourne is £45,800.

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

How much do people in Aldbourne earn?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Aldbourne, the average income is £45,800. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 36% to decide on what the demographics are like in the area.

What’s the crime rate in Aldbourne?

In Aldbourne, for every 1000 people, there is currently a crime rate of 51. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (51 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

Is there sufficient green space in Aldbourne?

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 Aldbourne, 25.0 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 Aldbourne.

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

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 16% for Aldbourne should give you a nice idea of the deprivation in the area.

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

In Aldbourne, the average sale price of a house for sale is in fact £427,331. This is dependent on the 10 year population growth of Aldbourne being 7%. Growing populations are more likely to inflate the prices of houses for sale in the city of Aldbourne.

Housing category Total final sale price
Aerage sold price (detached) £566,158
Aerage sold price (semi-detached) £344,390
Aerage sold price (terraced) £300,141
Aerage sold price (flat) £265,779

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 Aldbourne.

Housing category Sale price per square foot
Aerage sold price/sqft £3,530
Aerage sold price/sqft (new build) £3,740
Aerage sold price/sqft (old stock) £3,430

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 £3,530. This means if you are just looking out the houses sold in Aldbourne in general and didn’t take into consideration the type of build. For example, a new build.

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

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Aldbourne determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £518,015.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Aldbourne.

Average price of houses for sale in Aldbourne

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £322,357
Average asking price (3 bed) £454,975
Average asking price (4 bed) £656,182
Average asking price (5 bed) £962,692

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 £0. 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 Aldbourne has a lack of supply of housing in certain categories.

How are rental yields of the houses for sale different to the rest of the UK in Aldbourne?

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 Aldbourne.

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 (Wiltshire) as well as the broader region; South West.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Aldbourne 3.2% £1,398 no relevant data for this city 15.0%
Wiltshire 3.55% £1,010 140.00% 20.50%
South West 3.57% £1,079 132.66% 17.35%

Also, you can compare other data to the table above such as the number of houses sold per month in Aldbourne which is 18 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 Aldbourne is to invest in. Both in terms of rental yield and capital appreciation.

In Aldbourne, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in Aldbourne, 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
Aldbourne growth rate 1% 19% 11%

As the population of Aldbourne 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.

Advice from experts on properties for sale in Aldbourne

houses for sale in other cities in the UK

See here below a list of cities in the same UK region of Aldbourne which is South West. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

Choose the right house for sale that suits your needs

Many criteria impact the price of houses for sale in Aldbourne.
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.

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