How much does a house for sale cost in Allaleigh?

As a landlord, whenever you are looking at houses for sale in Devon, you could find varying prices throughout an area like Allaleigh. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Allaleigh to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Allaleigh will be revealed. Keep reading.

What is the final sale price of a house in Allaleigh?

As well as looking at the asking price for house for sale in Allaleigh, 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 Allaleigh.

Houses for sale, are sold on average in Allaleigh, after the influence of these factors, at £347,666 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 5% over the last 10 years.

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

This table above shows the average sale price for each variation of 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

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 Allaleigh is £3,230.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

What kind of demographics does the city of Allaleigh have?

What’s crime like 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 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.

Is there sufficient green space in Allaleigh?

Whether you view green space in Allaleigh 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 Allaleigh, the number of acres of green space for every 1000 people currently is 19.4 which can be measured against the UK average of 1.7.

How much are those living in Allaleigh earning?

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.

£40,500 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 29% for Allaleigh.

What is the city of Allaleigh’s social grade score?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Allaleigh, the percentage of people in the two highest categories, A and B is 29%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £40,500. This income will generally get bigger as the percentage of people in the A and B categories go up too (29%).

The city of Allaleigh, situated in Devon, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Allaleigh and its demographics will be compared to its wider location (South West). 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 Allaleigh. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Are the people of Allaleigh deprived?

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 19%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

What is the population of Allaleigh?

The city of Allaleigh has a total population of 17,416. 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 Allaleigh 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 Allaleigh

Over time, in the last five years, the population of the city of Allaleigh has changed by 4%. 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 4% 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 Allaleigh?

In the last 10 years, there has been a shift in the population of 5%.

Comparing this to the 5 year figure of Allaleigh 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.

How educated are the people in Allaleigh?

In the city of Allaleigh, 39% 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 Allaleigh is £40,500.

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

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

What is the growth in the housing market of Allaleigh?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Allaleigh at 1 year, 3 year and 5 year intervals:

	1 year	3 years	5 years
Allaleigh growth rate	7%	18%	23%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Allaleigh gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Allaleigh.

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 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	2.7%	£1,112	no relevant data for this city	12.0%
Devon	3.48%	£949	131.12%	16.20%
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 Allaleigh which is 14 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.

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

After looking at this table about prices of houses for sale in Allaleigh, 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.

Professional advice for houses for sale in Allaleigh

A house for sale that is right for you

When browsing houses for sale in Allaleigh you should think about lots of different criteria:

• House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

• Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

• House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

• Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

• energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

• Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale

• Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

• Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

• Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

houses for sale in other cities in the UK

We have prepared a list of cities in South West, the same UK region of Allaleigh that can help you evaluate the different houses for sale listed in the region:

• Common-Moor in South West
• Ashill in South West
• Shipton-Bellinger in South West
• Goodrington in South West
• Berkley in South West

Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.

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