Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Abertridwr, Caerphilly.
From the average asking price of houses for sale in Abertridwr to the growth of the population in the area, all will be talked about regarding the city of Abertridwr. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What’s the rental yield in general for the city of Abertridwr?
Is the housing market in Abertridwr growing?
The growth of an area like Abertridwr can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Abertridwr growth rate | 11% | 28% | 36% |
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Abertridwr if you want to find out the exact reasons for the housing change.
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 Abertridwr, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Wales. As well as Caerphilly, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Abertridwr | 4.4% | £824 | 140% | 19.0% |
| Caerphilly | 4.40% | £824 | 140.00% | 17.50% |
| Wales | 4.28% | £861 | 133.18% | 14.84% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Abertridwr you might be interested in the number of sales per month (40) that happen in the local housing market. Comparing this figure for Abertridwr with the above table gives you a good understanding of the profitability of the area.
What kind of demographics does the city of Abertridwr have?
How much do people in Abertridwr earn?
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 Abertridwr. Compare the area’s average household income of £32,600 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 17% for more conclusive data on the affluence of the area.
What does the population of Abertridwr look like?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Abertridwr if 55,303 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 Abertridwr such as rental yield or house appreciation.
How has the population size of Abertridwr adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Abertridwr by 1%. 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 1% 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 Abertridwr?
In the last decade, the population of Abertridwr has been adjusted by 2%. 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.
In the city of Abertridwr, is there a lot of green space?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Abertridwr, 21.1 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Abertridwr.
Is the education level of Abertridwr important when buying a house?
In Abertridwr, the proportion of people who have a degree is 21%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Abertridwr is £32,600.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
The city of Abertridwr, situated in Caerphilly, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Abertridwr and its demographics will be compared to its wider location (Wales). 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 Abertridwr. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Are the people of Abertridwr deprived?
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 Abertridwr is 32%.
What is the city of Abertridwr’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 Abertridwr 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 Abertridwr, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 17%.
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 Abertridwr?
For the city of Abertridwr, crime rate is at 82. So for every 1000 people in the area, 82 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 Abertridwr, what do houses for sale tend to sell for?
In Abertridwr, the average sale price of a house for sale is in fact £175,061. This is dependent on the 10 year population growth of Abertridwr being 2%. Growing populations are more likely to inflate the prices of houses for sale in the city of Abertridwr.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £266,228 |
| Aerage sold price (semi-detached) | £167,040 |
| Aerage sold price (terraced) | £133,898 |
| Aerage sold price (flat) | £99,477 |
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Abertridwr.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,950 |
| Aerage sold price/sqft (new build) | £2,170 |
| Aerage sold price/sqft (old stock) | £1,830 |
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £1,950. This means if you are just looking out the houses sold in Abertridwr in general and didn’t take into consideration the type of build. For example, a new build.
On average, what is the figure for the asking price of a house for sale in Abertridwr?
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Abertridwr is £226,844.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Abertridwr is useful when negotiating and knowing what to expect for every type of house for sale.
Average price of houses for sale in Abertridwr
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £188,775 |
| Average asking price (3 bed) | £216,638 |
| Average asking price (4 bed) | £369,363 |
| Average asking price (5 bed) | £495,909 |
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Abertridwr 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.
Advice from experts on properties for sale in Abertridwr
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
A house for sale appropriate to your needs
Many criteria impact the price of houses for sale in Abertridwr.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
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Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
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Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
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Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
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Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
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Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
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Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
Thinking about other cities with houses for sale?
We have prepared a list of cities in Wales, the same UK region of Abertridwr that can help you evaluate the different houses for sale listed in the region:
- Betws-Y-Coed in Wales
- Aberdesach in Wales
- Clydach-Vale in Wales
- Cwmbach in Wales
- Gelli in Wales
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
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