As a landlord, whenever you are looking at houses for sale in Glamorgan, you could find varying prices throughout an area like Cardiff. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Cardiff to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Cardiff will be revealed. Keep reading.
In Cardiff, what do houses for sale tend to sell for?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Cardiff. In Cardiff, this sale price works out to be £235,098. As an example, a factor like population growth over the last 10 years which works out to be 8% in Cardiff and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£352,345|
|Average sold price (semi-detached)||£238,700|
|Average sold price (terraced)||£212,245|
|Average sold price (flat)||£139,841|
Above, the exact type of house is also shown to vary in price in a table in Cardiff. 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||£2,539|
|Average sold price/sqft (new build)||£2,476|
|Average sold price/sqft (old stock)||£2,393|
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 Cardiff which is £2,786. 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.
How are rental yields of the houses for sale different to the rest of the UK in Cardiff?
In Cardiff, how has the number of houses changed?
The growth of an area like Cardiff 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|
|Cardiff growth rate||2%||17%||26%|
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 Cardiff if you want to find out the exact reasons for the housing change.
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Cardiff this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (Wales) alongside Glamorgan then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Cardiff.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Cardiff.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (226) will be useful.
On average, what is the figure for the asking price of a house for sale in Cardiff?
Table showing the asking prices for houses for sale in Cardiff
|Average asking price (1 bed)||£141,315|
|Average asking price (2 bed)||£216,327|
|Average asking price (3 bed)||£303,806|
|Average asking price (4 bed)||£455,419|
|Average asking price (5 bed)||£655,463|
After looking at this table about prices of houses for sale in Cardiff, 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 £2,310 will help them to have a more wholistic understanding.
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 Cardiff is £290,241.
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 Cardiff is useful when negotiating and knowing what to expect for every type of house for sale.
What kind of demographics does the city of Cardiff have?
Located in Glamorgan is the city of Cardiff, in a large part of the UK; Wales. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Cardiff has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Cardiff which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
What salary does the community in Cardiff take home?
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.
£42,729 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 29% for Cardiff.
For the city of Cardiff, what is the education level?
The number of people as a percentage who have been through university and gained a degree is 35%. The ability to buy a home is greatly influenced by the number of people who have degrees. £42,729 is the amount people in Cardiff 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 Cardiff, 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.
How much green space is available to residents of Cardiff?
In the city of Cardiff, there are 14.4 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 Cardiff is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What’s a social grade score and how does it relate to Cardiff?
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 Cardiff, the percentage of people in the two highest categories, A and B is 29%. 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 £42,729. This income will generally get bigger as the percentage of people in the A and B categories go up too (29%).
How deprived is the population of Cardiff?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Cardiff, currently, 25% 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.
In Cardiff, how has the population changed?
The city of Cardiff has a total population of 315,480. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Cardiff is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Cardiff
Over time, in the last five years, the population of the city of Cardiff has changed by 3%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 3% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Cardiff?
In the last 10 years, there has been a shift in the population of 8%.
Comparing this to the 5 year figure of Cardiff can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
Is the crime rate bad in the city of Cardiff?
The crime rate of Cardiff 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 175, 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 (175) is both useful and is recommended to be compared to the average.