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?

Whenever looking for a house for sale in the UK or in Castell-y-bwch, it is vital you look at the market trends and house price fluctuations in the wider area of Torfaen too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Castell-y-bwch.

In this article, we will be looking at the city of Castell-y-bwch in detail so you know how to navigate the area and have a better understanding on where to invest.

What is the final sale price of a house in Castell-y-bwch?

In Castell-y-bwch, houses for sale are sold at an average of £186,126. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Castell-y-bwch. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

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

As you can see above, for Castell-y-bwch, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 4% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £1,980
Aerage sold price/sqft (new build) £2,310
Aerage sold price/sqft (old stock) £1,710

Looking at the second table about Castell-y-bwch, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Castell-y-bwch is £2,150.

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

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 Castell-y-bwch, 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 Torfaen, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Castell-y-bwch 4.4% £820 no relevant data for this city 25.0%
Torfaen 4.40% £820 no relevant data for this city 25.00%
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 Castell-y-bwch you might be interested in the number of sales per month (39) that happen in the local housing market. Comparing this figure for Castell-y-bwch with the above table gives you a good understanding of the profitability of the area.

What is the growth in the housing market of Castell-y-bwch?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Castell-y-bwch that shows the growth in recent years.

1 year 3 years 5 years
Castell-y-bwch growth rate 3% 9% 36%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Castell-y-bwch is important.

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

In the city of Castell-y-bwch, is there a lot of green space?

Whether you view green space in Castell-y-bwch as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.

In Castell-y-bwch, the number of acres of green space for every 1000 people currently is 10.0 which can be measured against the UK average of 1.7.

In Castell-y-bwch, what is the crime rate?

Within Castell-y-bwch, the number of people committing crimes is 105 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 105 figure carefully.

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

The city of Castell-y-bwch has a total population of 47,345. 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 Castell-y-bwch 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 Castell-y-bwch

Over time, in the last five years, the population of the city of Castell-y-bwch 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 Castell-y-bwch?

In the last 10 years, there has been a shift in the population of 4%.

Comparing this to the 5 year figure of Castell-y-bwch 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.

In Castell-y-bwch, how educated are people in general?

In the city of Castell-y-bwch, 19% 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 Castell-y-bwch is £35,200. 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.

How much do people in Castell-y-bwch earn?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Castell-y-bwch, the average income is £35,200. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 14% to decide on what the demographics are like in the area.

In Castell-y-bwch, what is the social grade score?

In the city of Castell-y-bwch and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.

In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.

When trying to determine if the area of Castell-y-bwch has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 14%.

Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)

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

In Castell-y-bwch, what are the deprivation levels like?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Castell-y-bwch, currently, 31% 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.

Castell-y-bwch within Torfaen is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Castell-y-bwch 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 Castell-y-bwch.

In Castell-y-bwch, what is the asking price in general for a house for sale?

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 would be after a larger house than someone living alone in Castell-y-bwch.

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 asking prices for 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

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Castell-y-bwch 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 £2,320 should also give you an overview of what the asking price for houses for sale are in general.