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How much will you pay for a house for sale in Castell-y-bwch?

by | Nov 15, 2022

Home $ House for sale in the UK $ How much will you pay for a house for sale in Castell-y-bwch?

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Castell-y-bwch might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Torfaen.
Before looking for a house for sale in the city of Castell-y-bwch we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Castell-y-bwch.

What are the people like in Castell-y-bwch?

Are the deprivation levels of the UK any different to Castell-y-bwch?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Castell-y-bwch, currently, £0 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 a social grade score and how does it relate to Castell-y-bwch?

In the city of Castell-y-bwch, the social grade score of the area is 14%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Castell-y-bwch.

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

Have the people of Castell-y-bwch grown in numbers?

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 Castell-y-bwch is 47345.

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 Castell-y-bwch.

In Castell-y-bwch, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 3%. 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 Castell-y-bwch 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 (3%) 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.

Castell-y-bwch population difference over 10 years?

The population has adjusted in the area of Castell-y-bwch by 4% 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 Castell-y-bwch.

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.

What is the education level like in Castell-y-bwch?

Interestingly, the percentage of people who have a degree in the city of Castell-y-bwch is 19%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Castell-y-bwch is £35,200.00.

Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.

Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.

However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.

In the city of Castell-y-bwch, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Torfaen for example.

These demographics for Castell-y-bwch may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Castell-y-bwch in Wales.

What’s the crime rate in Castell-y-bwch?

Within Castell-y-bwch, the number of people committing crimes is 10500% per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 10500% figure carefully.

In the city of Castell-y-bwch, 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 Castell-y-bwch, 10 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 Castell-y-bwch.

Are the people in Castell-y-bwch earning a lot?

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 (14%). 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 Castell-y-bwch, this works out to be £35,200.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

House for sale in a different UK region

If you are looking for a list of cities that are different to the City of Castell-y-bwch and in different UK region to Wales. You might want to consider these as alternatives for your next real estate investment:

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.

Always consider average rental yield when searching for houses for sale in Castell-y-bwch

Are there more or fewer houses being built in Castell-y-bwch?

The growth of an area like Castell-y-bwch 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
Castell-y-bwch growth rate 3% 9% 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 Castell-y-bwch if you want to find out the exact reasons for the housing change.

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 Castell-y-bwch. 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 Castell-y-bwch.

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 (Torfaen), a regional level (Wales) and finally on the level of the city talked about in this article, Castell-y-bwch.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Castell-y-bwch £0 £820 no relevant data for this city £0
Torfaen 4.40% £820.00 no relevant data for this city 25.00%
Wales 0.04 861.19 £1 14.84%

You may also find it useful to compare the data above to the number of properties sold per month Castell-y-bwch experiences. This figure for house sales per month is 31. 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.

A house for sale that is right for you

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Castell-y-bwch

  • affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)

  • Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.

  • Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.

  • Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.

  • EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.

  • Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase

  • Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?

  • Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.

  • Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

In Castell-y-bwch, 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 Castell-y-bwch. In Castell-y-bwch, this sale price works out to be £186,126. As an example, a factor like population growth over the last 10 years which works out to be 4% in Castell-y-bwch and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £272,885
Average sold price (semi-detached) £171,815
Average sold price (terraced) £134,450
Average sold price (flat) £89,570

Above, the exact type of house is also shown to vary in price in a table in Castell-y-bwch. 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 £1,980
Average sold price/sqft (new build) £2,310
Average sold price/sqft (old stock) £1,710

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 Castell-y-bwch which is £2,150. 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.

Advice from experts on properties for sale in Castell-y-bwch

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

  • Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
  • Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
  • Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
  • Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
  • Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
  • Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

What are the asking prices for the houses for sale in the city of Castell-y-bwch?

When speaking about the city of Castell-y-bwch, £222,915 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 Castell-y-bwch 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.

Average price of houses for sale in Castell-y-bwch

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £163,412
Average asking price (3 bed) £210,653
Average asking price (4 bed) £367,024
Average asking price (5 bed) no relevant data for this city

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£2,320) for houses for sale with this table to get a good idea as to whether Castell-y-bwch is the right area to buy a house in for you.

FAQ

Do properties in Castell-y-bwch offer renovation potential?

Amidst the urban landscape of Castell-y-bwch, 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 nan. It is also useful to take into consideration the population size of the area (47345).

In Castell-y-bwch, how many property sales per month are there?

The city of Castell-y-bwch sees around 31 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.

In a city like Castell-y-bwch, what’s the yearly fluctuation in population?

When evaluating the population trajectory of Castell-y-bwch, explore the decade-spanning population shift of 4% and the five-year modification of population of 3%. By drawing comparisons, see if demographic changes in your chosen area is

How much are houses for sale priced at in the extended region of Castell-y-bwch?

Currently, the mean asking price of a house in Castell-y-bwch is £2,320, calculated using the average value per square foot

Is investing in a house for sale in Castell-y-bwch a financially demanding choice?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Castell-y-bwch, this figure stands at £186,126, while the UK average is £286,500.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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