Alsager – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in West Midlands $ Alsager – What to look for in houses for sale?

Alsager 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 Alsager.

On top of this, keep reading for detailed information on the demographics of Alsager in Cheshire. 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 general, for the city of Alsager, what are the final purchase prices for the houses for sale?

In Alsager, houses for sale are sold at an average of £182,291. 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 Alsager. 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) £256,501
Aerage sold price (semi-detached) £154,884
Aerage sold price (terraced) £124,955
Aerage sold price (flat) £123,051

As you can see above, for Alsager, 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 5% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £2,010
Aerage sold price/sqft (new build) £2,360
Aerage sold price/sqft (old stock) £1,840

Looking at the second table about Alsager, 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 Alsager is £2,010.

What are the asking prices for the houses for sale in the city of Alsager?

When investors make offers for houses for sale in Alsager, the average price asked by the homeowners works out to be £232,673.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Alsager is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

Table showing the asking prices for houses for sale in Alsager

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £167,324
Average asking price (3 bed) £222,006
Average asking price (4 bed) £365,529
Average asking price (5 bed) no relevant data for this city

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Alsager has a lack of supply of housing in certain categories.

Are there any important statistics about the population of Alsager?

Alsager in the county of Cheshire is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Alsager is located in; West Midlands.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Alsager, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

In Alsager, what are the deprivation levels like?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 28% for Alsager should give you a nice idea of the deprivation in the area.

Is the education level of Alsager important when buying a house?

In the city of Alsager, 19% 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 Alsager is £40,700.

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

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

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Alsager compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Alsager, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 22%.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

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

What’s the crime rate in Alsager?

For the city of Alsager, crime rate is at 60. So for every 1000 people in the area, 60 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.

What does the population of Alsager look like?

In total, the number of people in Alsager is 53,401. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.

Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.

You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Alsager, depending on where exactly you are.

How has Alsager changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Alsager has changed by 3%. Read more here

It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 3% is a recent change or not.
Click here to know more on the UK population trends.

In the last decade, what is the difference in population in Alsager?

5% has been the population growth change in the past 10 years.

Usually, this is more of a conservative figure compared to the five year change of a city.

Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.

The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Alsager have seen a more desirable way of working, moving to make themselves more comfortable in their careers.

For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

In the city of Alsager, how much green space remains for residents?

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 Alsager currently has 27.0 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 Alsager in this case.

How much do people in Alsager earn?

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 £40,700.

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 Alsager this figure is 22%.

Why you should consider the average rental yield when searching for houses for sale in Alsager

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Alsager, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; West Midlands. As well as Cheshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Alsager 3.7% £721 122% 26.0%
Cheshire 3.58% £943 128.55% 20.11%
West Midlands 3.89% £877 119.29% 20.00%

Assuming that in the future you want to re-sell the house you will eventually purchased in Alsager you might be interested in the number of sales per month (55) that happen in the local housing market. Comparing this figure for Alsager with the above table gives you a good understanding of the profitability of the area.

What is the growth in the housing market of Alsager?

Before committing to Alsager to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Alsager growth rate -3% 3% 17%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Alsager is building housing to find your answer.