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 Alderholt, Dorset.
From the average asking price of houses for sale in Alderholt to the growth of the population in the area, all will be talked about regarding the city of Alderholt. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In Alderholt, what is the asking price in general for a house for sale?
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 Alderholt 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 £504,490.
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 Alderholt.
Average asking prices for houses for sale in Alderholt
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£301,163|
|Average asking price (3 bed)||£460,160|
|Average asking price (4 bed)||£636,227|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Alderholt, 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 £0 will help them to have a more wholistic understanding.
What are the demographics like in the city of Alderholt?
Do the people of Alderholt get to enjoy 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 Alderholt currently has 17.8 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 Alderholt in this case.
What does the population of Alderholt look like?
The city of Alderholt has a total population of 14,097. 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 Alderholt 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 Alderholt
Over time, in the last five years, the population of the city of Alderholt has changed by 1%. 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 1% 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 Alderholt?
In the last 10 years, there has been a shift in the population of 2%.
Comparing this to the 5 year figure of Alderholt 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.
Located in Dorset is the city of Alderholt, in a large part of the UK; South West. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Alderholt has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Alderholt which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
How much do people in Alderholt 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 (31%). 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 Alderholt, this works out to be £46,500. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Is the city of Alderholt deprived?
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 17% for Alderholt should give you a nice idea of the deprivation in the area.
What is the city of Alderholt’s social grade score?
In the city of Alderholt, the social grade score of the area is 31%. 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 Alderholt.
|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|
Is the education level of Alderholt important when buying a house?
In Alderholt, the proportion of people who have a degree is 32%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Alderholt is £46,500.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
In general, do people commit a lot of crime in Alderholt?
For every one thousand people living in Alderholt, 61 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 61 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
In general, what do houses for sale sell for in Alderholt?
As well as looking at the asking price for house for sale in Alderholt, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Alderholt.
Houses for sale, are sold on average in Alderholt, after the influence of these factors, at £358,653 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 2% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£444,715|
|Aerage sold price (semi-detached)||£302,468|
|Aerage sold price (terraced)||£265,492|
|Aerage sold price (flat)||£156,340|
This table above shows the average sale price for each variation of houses for sale in Alderholt.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,410|
|Aerage sold price/sqft (new build)||£3,440|
|Aerage sold price/sqft (old stock)||£3,330|
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Alderholt is £3,410.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Why you should consider the average rental yield when searching for houses for sale in Alderholt
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Alderholt. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Alderholt.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Dorset), a regional level (South West) and finally on the level of the city talked about in this article, Alderholt.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Alderholt||2.7%||£1,144||no relevant data for this city||17.0%|
You may also find it useful to compare the data above to the number of properties sold per month Alderholt experiences. This figure for house sales per month is 10. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
What is the growth in the housing market of Alderholt?
Before committing to Alderholt 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|
|Alderholt growth rate||no relevant data for this city||22%||22%|
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 Alderholt is building housing to find your answer.