What is it like buying a house in Coed-y-paen?

by | Nov 15, 2022

Home $ House for sale in the UK $ What is it like buying a house in Coed-y-paen?

Coed-y-paen 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 Monmouthshire.
Before looking for a house for sale in the city of Coed-y-paen 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 Coed-y-paen.

Are there any important statistics about the population of Coed-y-paen?

Are the people of Coed-y-paen deprived?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Coed-y-paen is 32%.

What’s crime like in Coed-y-paen?

For every one thousand people living in Coed-y-paen, 96 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 96 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

In the city of Coed-y-paen, is there a lot of green space?

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 Coed-y-paen currently has 16.4 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 Coed-y-paen in this case.

How educated are the people in Coed-y-paen?

Interestingly, the percentage of people who have a degree in the city of Coed-y-paen is 20%. 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 Coed-y-paen is £35,200.

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.

What is the social grade score of Coed-y-paen?

In the city of Coed-y-paen 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 Coed-y-paen has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 15%.

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

Coed-y-paen within Monmouthshire is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Coed-y-paen 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 Coed-y-paen.

Are the people in Coed-y-paen earning a lot?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in Coed-y-paen. Compare the area’s average household income of £35,200 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 15% for more conclusive data on the affluence of the area.

What does the population of Coed-y-paen look like?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Coed-y-paen if 44,921 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Coed-y-paen such as rental yield or house appreciation.

How has the population size of Coed-y-paen adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Coed-y-paen by 3%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 3% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Coed-y-paen?

In the last decade, the population of Coed-y-paen has been adjusted by 4%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

In Coed-y-paen, 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 Coed-y-paen. In Coed-y-paen, this sale price works out to be £150,116. As an example, a factor like population growth over the last 10 years which works out to be 4% in Coed-y-paen and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £258,248
Average sold price (semi-detached) £155,736
Average sold price (terraced) £112,952
Average sold price (flat) £73,065

Above, the exact type of house is also shown to vary in price in a table in Coed-y-paen. 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 £1,540
Average sold price/sqft (new build) £1,940
Average sold price/sqft (old stock) £1,450

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 Coed-y-paen which is £1,540. 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.

Always consider average rental yield when searching for houses for sale in Coed-y-paen

Are there new houses being built in Coed-y-paen to make it grow?

The growth of an area like Coed-y-paen 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
Coed-y-paen growth rate no relevant data for this city 15% 24%

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 Coed-y-paen 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 Coed-y-paen this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (Wales) alongside Monmouthshire 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 Coed-y-paen.

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)
Coed-y-paen 4.7% £785 no relevant data for this city 21.0%
Monmouthshire 3.95% £856 no relevant data for this city 19.50%
Wales 4.28% £861 133.18% 14.84%

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 Coed-y-paen.

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 (35) will be useful.

What are the asking prices for the houses for sale in the city of Coed-y-paen?

Average asking prices for houses for sale in Coed-y-paen

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £132,327
Average asking price (3 bed) £196,393
Average asking price (4 bed) £349,993
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Coed-y-paen, 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.

When speaking about the city of Coed-y-paen, £198,569 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 Coed-y-paen.

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.