What is it like buying a house in Bettws?

by | Nov 15, 2022

Home $ House for sale in the UK $ What is it like buying a house in Bettws?

Bettws 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 Bettws.

On top of this, keep reading for detailed information on the demographics of Bettws in Newport. 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.

What are the people like in Bettws?

In Bettws, what is the social grade score?

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 Bettws, the percentage of people in the two highest categories, A and B is 14%. 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 £37,300. This income will generally get bigger as the percentage of people in the A and B categories go up too (14%).

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

As you read on, Bettws 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 Bettws.

In Bettws, what is the crime rate?

In Bettws, for every 1000 people, there is currently a crime rate of 186. 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 (186 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.

Is there sufficient green space in Bettws?

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 Bettws currently has 8.5 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 Bettws in this case.

How much are those living in Bettws 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 £37,300.

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 Bettws this figure is 14%.

In Bettws, how educated are people in general?

In the city of Bettws, 21% 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 Bettws is £37,300. 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.

Is the city of Bettws 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 Bettws is 33% 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.

In Bettws, how has the population changed?

Population growth in Bettws 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 Bettws, 50,638 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 Bettws 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 Bettws, this change has been 6%. 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 6%. Click here to know more on the UK population trends.

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

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 Bettws.

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.

Asking price in Bettws for a house for sale

Average asking prices for houses for sale in Bettws

Average asking price (1 bed) £110,711
Average asking price (2 bed) £143,075
Average asking price (3 bed) £209,894
Average asking price (4 bed) £317,659
Average asking price (5 bed) no relevant data for this city

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

On average, in Bettws, the asking price for a house for sale in the area is £207,231.

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 Bettws. 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.

In general, for the city of Bettws, what are the final purchase prices for the houses for sale?

In Bettws, the average sale price of a house for sale is in fact £171,392. This is dependent on the 10 year population growth of Bettws being 8%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bettws.

Housing category Total final sale price
Aerage sold price (detached) £286,265
Aerage sold price (semi-detached) £181,212
Aerage sold price (terraced) £132,376
Aerage sold price (flat) £98,637

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 Bettws.

Housing category Sale price per square foot
Aerage sold price/sqft £1,850
Aerage sold price/sqft (new build) £2,090
Aerage sold price/sqft (old stock) £1,730

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 £1,850. This means if you are just looking out the houses sold in Bettws in general and didn’t take into consideration the type of build. For example, a new build.

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

If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.

This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.

The table below represents this data and compares Bettws to Newport and the broader suburb of the UK; Wales.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Bettws 4.8% £832 140% 23.0%
Newport 4.20% £851 118.67% 17.23%
Wales 4.28% £861 133.18% 14.84%

Let’s assume you want to sell the house you’re looking to buy in Bettws for profit in the future, in this case, looking at the data for the number of houses sold per month in Bettws would give you an idea of whether the area is actively getting new investors. This figure is 39.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Bettws. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.

The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.

In Bettws, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in Bettws, think about how the city is growing and how this may impact the overall growth of the area.

Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.

1 year 3 years 5 years
Bettws growth rate -4% 21% 20%

As the population of Bettws grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.