What is it like buying a house in Acton Trussell?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in West Midlands $ What is it like buying a house in Acton Trussell?

Whenever looking for a house for sale in the UK or in Acton Trussell, it is vital you look at the market trends and house price fluctuations in the wider area of Staffordshire 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 Acton Trussell.

In this article, we will be looking at the city of Acton Trussell in detail so you know how to navigate the area and have a better understanding on where to invest.

Are there any important statistics about the population of Acton Trussell?

What is the social grade score of Acton Trussell?

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 Acton Trussell in grades A or B which are the highest skilled roles in the country is 32%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £48,200 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 32%.

The city of Acton Trussell, situated in Staffordshire, is a particularly impressive part of the UK because of the specific demographics of the location.

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

In the city of Acton Trussell, has the population grown or shrunk?

In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Acton Trussell is 16,609.

Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.

The most important variable is the location of the houses for sale in the city of Acton Trussell.

In Acton Trussell, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 4%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here

This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.

Making predictions about the future growth of Acton Trussell is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.

Comparing this figure for the 5 year growth (4%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.

Acton Trussell population difference over 10 years?

The population has adjusted in the area of Acton Trussell by 6% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.

This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Acton Trussell.

To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.

Are the people of Acton Trussell deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Acton Trussell, currently, 20% people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

How much are those living in Acton Trussell earning?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £48,200.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Acton Trussell this figure is 32%.

For the city of Acton Trussell, what is the education level?

Interestingly, the percentage of people who have a degree in the city of Acton Trussell 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 Acton Trussell is £48,200.

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.

How much green space is available to residents of Acton Trussell?

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 Acton Trussell currently has 20.8 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 Acton Trussell in this case.

Is the crime rate bad in the city of Acton Trussell?

In Acton Trussell, for every 1000 people, there is currently a crime rate of 44. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (44 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

What is the final sale price of a house in Acton Trussell?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Acton Trussell. In Acton Trussell, this sale price works out to be £284,786. As an example, a factor like population growth over the last 10 years which works out to be 6% in Acton Trussell and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £319,916
Average sold price (semi-detached) £216,832
Average sold price (terraced) £219,354
Average sold price (flat) £101,314

Above, the exact type of house is also shown to vary in price in a table in Acton Trussell. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.

Housing category Sale price per square foot
Average sold price/sqft £2,410
Average sold price/sqft (new build) £2,390
Average sold price/sqft (old stock) £2,300

In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Acton Trussell which is £2,410. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.

Asking price in Acton Trussell for a house for sale

On average, in Acton Trussell, the asking price for a house for sale in the area is £383,421.

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 Acton Trussell. 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.

Table showing the asking prices for houses for sale in Acton Trussell

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £269,541
Average asking price (3 bed) £300,854
Average asking price (4 bed) £430,923
Average asking price (5 bed) £572,690

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

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

What is the growth in the housing market of Acton Trussell?

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 Acton Trussell that shows the growth in recent years.

1 year 3 years 5 years
Acton Trussell growth rate 1% 5% 16%

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 Acton Trussell is important.

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 Acton Trussell.

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 (Staffordshire) as well as the broader region; West Midlands.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Acton Trussell no relevant data for this city no relevant data for this city no relevant data for this city 14.0%
Staffordshire 3.76% £767 113.22% 20.39%
West Midlands 3.89% £877 119.29% 20.00%

Also, you can compare other data to the table above such as the number of houses sold per month in Acton Trussell which is 13 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 Acton Trussell is to invest in. Both in terms of rental yield and capital appreciation.