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At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Allaleigh to help you find the perfect agent for you
Allaleigh 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 Allaleigh.
On top of this, keep reading for detailed information on the demographics of Allaleigh in Devon. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
Are you considering other cities with houses for sale?
Below is a list of towns that differ from Allaleigh.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to South West:
- bexhill in South West
- austhorpe in South West
- beachamwell in South West
- denny in South West
- york in South West
If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.
Get professional help on the houses for sale in Allaleigh
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
Choose the right house for sale that suits your needs
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Allaleigh.
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Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
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Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
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Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
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EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
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Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
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Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
On average, what is the figure for the asking price of a house for sale in Allaleigh?
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 Allaleigh 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 £494,008.
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 Allaleigh.
Average price of houses for sale in Allaleigh
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £315,536 |
| Average asking price (3 bed) | £461,888 |
| Average asking price (4 bed) | £690,167 |
| Average asking price (5 bed) | no relevant data for this city |
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Allaleigh is the right area to buy a house in for you.
In general, what do houses for sale sell for in Allaleigh?
In Allaleigh, the average sale price of a house for sale is in fact £347,666. This is dependent on the 10 year population growth of Allaleigh being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Allaleigh.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £457,175 |
| Aerage sold price (semi-detached) | £303,282 |
| Aerage sold price (terraced) | £290,101 |
| Aerage sold price (flat) | £211,371 |
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 Allaleigh.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £3,230 |
| Aerage sold price/sqft (new build) | £3,140 |
| Aerage sold price/sqft (old stock) | £3,130 |
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 £3,230. This means if you are just looking out the houses sold in Allaleigh in general and didn’t take into consideration the type of build. For example, a new build.
In Allaleigh, what are the rental yields?
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. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.
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 into all the details of Allaleigh.
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 (Devon) as well as the broader region; South West.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Allaleigh | £0 | £1,112 | no relevant data for this city | £0 |
| Devon | 3.48% | £949.47 | 131.12% | 16.20% |
| South West | 0.04 | 1,078.69 | £1 | 17.35% |
Also, you can compare other data to the table above such as the number of houses sold per month in Allaleigh which is 12 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 Allaleigh is to invest in. Both in terms of rental yield and capital appreciation.
What is the growth in the housing market of Allaleigh?
The growth of an area like Allaleigh can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Allaleigh growth rate | 7% | 18% | 23% |
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Allaleigh if you want to find out the exact reasons for the housing change.
What kind of demographics does the city of Allaleigh have?
In Allaleigh, what are the deprivation levels like?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Allaleigh, in particular, the deprivation levels are £0.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
Located in Devon is the city of Allaleigh, 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 Allaleigh 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 Allaleigh 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.
In Allaleigh, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Allaleigh if 17416 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 Allaleigh such as rental yield or house appreciation.
How has the population size of Allaleigh adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Allaleigh by 4%. 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 4% 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 Allaleigh?
In the last decade, the population of Allaleigh has been adjusted by 5%. 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 general, do people commit a lot of crime in Allaleigh?
The crime rate of Allaleigh 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 5400%, 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 (5400%) is both useful and is recommended to be compared to the average.
Is the education level of Allaleigh important when buying a house?
In Allaleigh, the proportion of people who have a degree is 39%. 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 Allaleigh is £40,500.00.
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 the city of Allaleigh, how much green space remains for residents?
In the city of Allaleigh, there are 19 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Allaleigh is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In Allaleigh, what is the social grade score?
In the city of Allaleigh and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Allaleigh has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 29%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
| 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 |
How much are those living in Allaleigh 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 (29%). 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 Allaleigh, this works out to be £40,500.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
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