Whenever looking for a house for sale in the UK or in Alvecote, 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 Alvecote.
In this article, we will be looking at the city of Alvecote 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 Alvecote?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Alvecote. In Alvecote, this sale price works out to be £247,441. As an example, a factor like population growth over the last 10 years which works out to be 2% in Alvecote and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£329,652|
|Average sold price (semi-detached)||£216,286|
|Average sold price (terraced)||£171,970|
|Average sold price (flat)||£118,998|
Above, the exact type of house is also shown to vary in price in a table in Alvecote. 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||£2,470|
|Average sold price/sqft (new build)||£2,580|
|Average sold price/sqft (old stock)||£2,260|
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 Alvecote which is £2,470. 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.
Other cities in different locations you can consider to buy property
If you are looking for a list of cities that are different to the City of Alvecote and in different UK region to West Midlands. You might want to consider these as alternatives for your next real estate investment:
- farnham-common in West Midlands
- belton in West Midlands
- east-molesey in West Midlands
- halewood in West Midlands
- down-thomas in West Midlands
Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.
On average, what is the figure for the asking price of a house for sale in Alvecote?
When speaking about the city of Alvecote, £329,223 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Alvecote would be after a larger house than someone living alone.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
Table showing the asking prices for houses for sale in Alvecote
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£181,398|
|Average asking price (3 bed)||£302,543|
|Average asking price (4 bed)||£451,019|
|Average asking price (5 bed)||£653,987|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Alvecote is £0. This should show you the general prices overall and for individual types of houses too.
In Alvecote, what are the rental yields?
What is the growth in the housing market of Alvecote?
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 Alvecote at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Alvecote growth rate||-2%||no relevant data for this city||26%|
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 Alvecote 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 Alvecote.
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Alvecote. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Alvecote.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Staffordshire), a regional level (West Midlands) and finally on the level of the city talked about in this article, Alvecote.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
You may also find it useful to compare the data above to the number of properties sold per month Alvecote experiences. This figure for house sales per month is 15. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
Professional advice for houses for sale in Alvecote
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
In Alvecote, what are the demographics like?
Alvecote within Staffordshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Alvecote will be looked at by comparing it to the local region, as well as comparing it to the wider region too (West Midlands). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Alvecote.
What is a social grade score and how does this relate to Alvecote?
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 Alvecote in grades A or B which are the highest skilled roles in the country is 18%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £38,300.00 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 18%.
What is the population of Alvecote?
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 Alvecote is 22298.
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 Alvecote.
In Alvecote, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 1%. 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 Alvecote 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 (1%) 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.
Alvecote population difference over 10 years?
The population has adjusted in the area of Alvecote by 2% 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 Alvecote.
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.
Is the education level of Alvecote important when buying a house?
In the city of Alvecote, 19% 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 Alvecote is £38,300.00. 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.
In Alvecote, what is the crime rate?
In Alvecote, for every 1000 people, there is currently a crime rate of 8800%. 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 (8800% 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.
How much green space is available to residents of Alvecote?
In the city of Alvecote, there are 13 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 Alvecote is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
How much do people in Alvecote earn?
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 (18%). 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 Alvecote, this works out to be £38,300.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Is the city of Alvecote 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 Alvecote is £0 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.
A house for sale appropriate to your needs
What parameters impact the final price of a house for sale in Alvecote?
Here below is our list with the most important ones:
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
House Location – the actual location of a house for sale drastically changes the final price of a property
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
Frequently Asked Questions (FAQ)
Is it possible to renovate a property in Alvecote?
Amidst the urban landscape of Alvecote, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 11 and on the other hand, there is a planning success rate of 93%. It is also useful to take into consideration the population size of the area (22298).
In Alvecote, how many property sales per month are there?
Alvecote boasts a monthly total of 15 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link
What’s the annual population shift in a city such as Alvecote?
When evaluating the population trajectory of Alvecote, explore the decade-spanning population shift of 2% and the five-year modification of population of 1%. By drawing comparisons, see if demographic changes in your chosen area is
What is the asking price for houses for sale in the wider region of Alvecote?
The average cost per square foot for a house in Alvecote is presently £0.
Does opting for a house for sale in Alvecote come with a hefty price tag?
To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Alvecote this number is £247,441 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house