Alverdiscott 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 Alverdiscott.
On top of this, keep reading for detailed information on the demographics of Alverdiscott in Devon. 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.
In Alverdiscott, what do houses for sale tend to sell for?
As well as looking at the asking price for house for sale in Alverdiscott, 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 Alverdiscott.
Houses for sale, are sold on average in Alverdiscott, after the influence of these factors, at £284,030 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)||£327,460|
|Aerage sold price (semi-detached)||£244,074|
|Aerage sold price (terraced)||£206,041|
|Aerage sold price (flat)||£160,888|
This table above shows the average sale price for each variation of houses for sale in Alverdiscott.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,770|
|Aerage sold price/sqft (new build)||£2,740|
|Aerage sold price/sqft (old stock)||£2,680|
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 Alverdiscott is £2,770.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
In Alverdiscott, 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.
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 Alverdiscott.
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)|
|Alverdiscott||2.6%||£823||no relevant data for this city||9.0%|
Also, you can compare other data to the table above such as the number of houses sold per month in Alverdiscott which is 17 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 Alverdiscott is to invest in. Both in terms of rental yield and capital appreciation.
In Alverdiscott, how has the number of houses changed?
Whenever you are thinking about looking for houses for sale in Alverdiscott, 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|
|Alverdiscott growth rate||4%||14%||22%|
As the population of Alverdiscott 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.
Are there any important statistics about the population of Alverdiscott?
In Alverdiscott, 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 Alverdiscott if 25,086 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 Alverdiscott such as rental yield or house appreciation.
How has the population size of Alverdiscott adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Alverdiscott 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 Alverdiscott?
In the last decade, the population of Alverdiscott 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.
Is the education level of Alverdiscott important when buying a house?
In the city of Alverdiscott, 22% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Alverdiscott is £39,900. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
The city of Alverdiscott, 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 Alverdiscott 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 Alverdiscott. So, taking a good look at the data is essential to understand the area you are considering to buy in.
What salary does the community in Alverdiscott take home?
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 (20%). 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 Alverdiscott, this works out to be £39,900. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
In Alverdiscott, what is the crime rate?
For every one thousand people living in Alverdiscott, 78 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 78 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 Alverdiscott, what are the deprivation levels like?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Alverdiscott is 23%.
What is the city of Alverdiscott’s social grade score?
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 Alverdiscott in grades A or B which are the highest skilled roles in the country is 20%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £39,900 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 20%.
How much green space is available to residents of Alverdiscott?
In the city of Alverdiscott, there are 7.2 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 Alverdiscott is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What are the asking prices for the houses for sale in the city of Alverdiscott?
The average asking price for the houses for sale in the city of Alverdiscott
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£244,809|
|Average asking price (3 bed)||£345,472|
|Average asking price (4 bed)||£496,044|
|Average asking price (5 bed)||£582,917|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Alverdiscott and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.
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 Alverdiscott 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 £373,349.
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 Alverdiscott.
Get professional help on the houses for sale in Alverdiscott
Finding the ideal house for sale for you
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 Alverdiscott.
Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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.
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.
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.
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.
Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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
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.
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
House for sale in the same UK region
See here below a list of cities in the same UK region of Alverdiscott which is South West. You might want to consider these as alternatives for your next real estate investment:
- Chard-Junction in South West
- Goonbell in South West
- Edgcumbe in South West
- Budleigh-Salterton in South West
- Beaford in South West
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.