How much will you pay for a house for sale in Duffryn?

by | Nov 15, 2022

Home $ House for sale in the UK $ How much will you pay for a house for sale in Duffryn?

Duffryn 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 Newport.
Before looking for a house for sale in the city of Duffryn 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 Duffryn.

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

In Duffryn, how has the number of houses changed?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Duffryn at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Duffryn growth rate 6% 22% 37%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Duffryn gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Duffryn.

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 Duffryn. 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 Duffryn.

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 (Newport), a regional level (Wales) and finally on the level of the city talked about in this article, Duffryn.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Duffryn 3.9% £863 89% 16.5%
Newport 4.20% £851 118.67% 17.23%
Wales 4.28% £861 133.18% 14.84%

You may also find it useful to compare the data above to the number of properties sold per month Duffryn experiences. This figure for house sales per month is 184. 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.

What kind of demographics does the city of Duffryn have?

Are the people in Duffryn 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 (22%). 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 Duffryn, this works out to be £38,800. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

Have the people of Duffryn grown in numbers?

Population growth in Duffryn 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 Duffryn, 228,430 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 Duffryn 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 Duffryn, this change has been 3%. 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 3%. Click here to know more on the UK population trends.

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

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 4% in Duffryn.

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.

What’s a social grade score and how does it relate to Duffryn?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.

The number of people in Duffryn in grades A or B which are the highest skilled roles in the country is 22%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £38,800 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 22%.

For the city of Duffryn, what is the education level?

In the city of Duffryn, 23% 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 Duffryn is £38,800. 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.

In the city of Duffryn, 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 Newport for example.

These demographics for Duffryn 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 Duffryn in Wales.

Are the deprivation levels of the UK any different to Duffryn?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Duffryn, in particular, the deprivation levels are 31%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

In Duffryn, what is the crime rate?

The crime rate of Duffryn 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 90, 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 (90) is both useful and is recommended to be compared to the average.

In the city of Duffryn, how much green space remains for residents?

In the city of Duffryn, there are 27.7 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 Duffryn is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

In general, what do houses for sale sell for in Duffryn?

For the city of Duffryn, the average price a house sells for is £209,398. This value usually depends on the exact location of the house within Duffryn as well as other factors like the population growth in Duffryn which is 4% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £305,908
Aerage sold price (semi-detached) £184,168
Aerage sold price (terraced) £146,272
Aerage sold price (flat) £115,989

The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Duffryn.

Housing category Sale price per square foot
Aerage sold price/sqft £1,976
Aerage sold price/sqft (new build) £1,784
Aerage sold price/sqft (old stock) £1,850

Generalising the bottom table, the average value per square foot of a house for sale is £1,976. This value averages all of the types of houses for sale in Duffryn. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Duffryn.

Asking price in Duffryn for a house for sale

Average price of houses for sale in Duffryn

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £179,434
Average asking price (3 bed) £247,049
Average asking price (4 bed) £448,867
Average asking price (5 bed) £689,000

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 (£0) for houses for sale with this table to get a good idea as to whether Duffryn is the right area to buy a house in for you.

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Duffryn determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £280,116.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Duffryn.

Who can help you buy a house for sale in Duffryn?

Other cities you can consider looking for with houses for sale

Below are a list of towns with a similar location to Duffryn.
Reading these analysis will help you evaluate the different houses for sale currently listed in Wales:

If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the 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 Duffryn

  • 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.

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