How much will you pay for a house for sale in Began?

by | Nov 15, 2022

Home $ House for sale in the UK $ How much will you pay for a house for sale in Began?

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 Began, Cardiff.

From the average asking price of houses for sale in Began to the growth of the population in the area, all will be talked about regarding the city of Began. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

Always consider average rental yield when searching for houses for sale in Began

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 Began.

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 (Cardiff) as well as the broader region; Wales.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Began 4.6% £1,031 no relevant data for this city 12.0%
Cardiff 4.60% £1,031 no relevant data for this city 12.00%
Wales 4.28% £861 133.18% 14.84%

Also, you can compare other data to the table above such as the number of houses sold per month in Began which is 21 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 Began is to invest in. Both in terms of rental yield and capital appreciation.

Are there new houses being built in Began to make it grow?

The growth of an area like Began 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
Began growth rate 7% 17% 33%

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 Began if you want to find out the exact reasons for the housing change.

In general, what do houses for sale sell for in Began?

For the city of Began, the average price a house sells for is £205,195. This value usually depends on the exact location of the house within Began as well as other factors like the population growth in Began which is 8% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £317,342
Aerage sold price (semi-detached) £198,473
Aerage sold price (terraced) £167,984
Aerage sold price (flat) £113,404

The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Began.

Housing category Sale price per square foot
Aerage sold price/sqft £2,310
Aerage sold price/sqft (new build) £2,630
Aerage sold price/sqft (old stock) £2,100

Generalising the bottom table, the average value per square foot of a house for sale is £2,630. This value averages all of the types of houses for sale in Began. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Began.

What are the people like in Began?

What does the population of Began look like?

Population growth in Began is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Began, 41,998 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Began in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Began, this change has been 4%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 4%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Began?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 8% in Began.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

What’s a social grade score and how does it relate to Began?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Began, the percentage of people in the two highest categories, A and B is 15%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £34,100. This income will generally get bigger as the percentage of people in the A and B categories go up too (15%).

Are the deprivation levels of the UK any different to Began?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Began, currently, 34% 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.

What’s crime like in Began?

The crime rate of Began must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.

For example, the area has a crime rate of 123, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.

Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.

Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (123) is both useful and is recommended to be compared to the average.

Are the people in Began earning a lot?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£34,100 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 15% for Began.

In the city of Began, 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 Began currently has 14.5 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 Began in this case.

Began within Cardiff is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Began will be looked at by comparing it to the local region, as well as comparing it to the wider region too (Wales). 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 Began.

In Began, how educated are people in general?

The number of people as a percentage who have been through university and gained a degree is 19%. The ability to buy a home is greatly influenced by the number of people who have degrees. £34,100 is the amount people in Began are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Began, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

What is the asking price on average of houses for sale in Began?

When investors make offers for houses for sale in Began, the average price asked by the homeowners works out to be £268,579.

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 Began 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.

Average asking prices for houses for sale in Began

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £195,182
Average asking price (3 bed) £260,287
Average asking price (4 bed) £396,995
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Began, 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 £2,940 will help them to have a more wholistic understanding.