Whenever looking for a house for sale in the UK or in Ackleton, it is vital you look at the market trends and house price fluctuations in the wider area of Shropshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Ackleton.
In this article, we will be looking at the city of Ackleton in detail so you know how to navigate the area and have a better understanding on where to invest.
In general, what do houses for sale sell for in Ackleton?
In Ackleton, houses for sale are sold at an average of £218,332. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Ackleton. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£324,601|
|Aerage sold price (semi-detached)||£177,700|
|Aerage sold price (terraced)||£145,326|
|Aerage sold price (flat)||£113,461|
As you can see above, for Ackleton, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 6% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,310|
|Aerage sold price/sqft (new build)||£1,980|
|Aerage sold price/sqft (old stock)||£2,200|
Looking at the second table about Ackleton, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Ackleton is £2,310.
In Ackleton, what are the demographics like?
Are the people of Ackleton deprived?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Ackleton is 23% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
Located in Shropshire is the city of Ackleton, in a large part of the UK; West Midlands. 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 Ackleton 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 Ackleton 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.
What’s crime like in Ackleton?
For the city of Ackleton, crime rate is at 86. So for every 1000 people in the area, 86 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
In Ackleton, how has the population changed?
The city of Ackleton has a total population of 44,689. 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 Ackleton 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 Ackleton
Over time, in the last five years, the population of the city of Ackleton has changed by 3%. 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 3% 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 Ackleton?
In the last 10 years, there has been a shift in the population of 6%.
Comparing this to the 5 year figure of Ackleton 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.
Is the education level of Ackleton important when buying a house?
Interestingly, the percentage of people who have a degree in the city of Ackleton is 29%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Ackleton is £41,300.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
What’s a social grade score and how does it relate to Ackleton?
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 Ackleton in grades A or B which are the highest skilled roles in the country is 24%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £41,300 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 24%.
How much are those living in Ackleton earning?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Ackleton. Compare the area’s average household income of £41,300 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 24% for more conclusive data on the affluence of the area.
Is there sufficient green space in Ackleton?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Ackleton, the city has 16.3 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Ackleton.
In Ackleton, what is the asking price in general for a house for sale?
On average, in Ackleton, the asking price for a house for sale in the area is £302,233.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Ackleton. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
The average asking price for the houses for sale in the city of Ackleton
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£205,126|
|Average asking price (3 bed)||£289,540|
|Average asking price (4 bed)||£437,523|
|Average asking price (5 bed)||no relevant data for this city|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Ackleton 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.
How are rental yields of the houses for sale different to the rest of the UK in Ackleton?
In Ackleton, how has the number of houses changed?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Ackleton that shows the growth in recent years.
|1 year||3 years||5 years|
|Ackleton growth rate||-5%||13%||21%|
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Ackleton is important.
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Ackleton to Shropshire and the broader suburb of the UK; West Midlands.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Let’s assume you want to sell the house you’re looking to buy in Ackleton for profit in the future, in this case, looking at the data for the number of houses sold per month in Ackleton would give you an idea of whether the area is actively getting new investors. This figure is 24.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Ackleton. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.