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Whenever looking for a house for sale in the UK or in Fforest, it is vital you look at the market trends and house price fluctuations in the wider area of Carmarthenshire 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 Fforest.
In this article, we will be looking at the city of Fforest in detail so you know how to navigate the area and have a better understanding on where to invest.
How are rental yields of the houses for sale different to the rest of the UK in Fforest?
What is the growth in the housing market of Fforest?
The growth of an area like Fforest 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 | |
|---|---|---|---|
| Fforest growth rate | 6% | 23% | 38% |
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 Fforest 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 Fforest this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (Wales) alongside Carmarthenshire 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 Fforest.
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) | |
|---|---|---|---|---|
| Fforest | £0 | £819 | £1 | £0 |
| Carmarthenshire | 4.60% | £780.50 | 140.00% | 11.56% |
| Wales | 0.04 | 861.19 | £1 | 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 Fforest.
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 (32) will be useful.
Get professional help on the houses for sale in Fforest
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
In general, for the city of Fforest, what are the final purchase prices for the houses for sale?
In Fforest, the average sale price of a house for sale is in fact £173,112. This is dependent on the 10 year population growth of Fforest being 4%. Growing populations are more likely to inflate the prices of houses for sale in the city of Fforest.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £231,588 |
| Aerage sold price (semi-detached) | £147,109 |
| Aerage sold price (terraced) | £122,024 |
| Aerage sold price (flat) | £83,096 |
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Fforest.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,740 |
| Aerage sold price/sqft (new build) | £1,890 |
| Aerage sold price/sqft (old stock) | £1,610 |
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £1,740. This means if you are just looking out the houses sold in Fforest in general and didn’t take into consideration the type of build. For example, a new build.
House for sale in a different UK region
If you are looking for similar places to buy a house that are just like Fforest, examine this short list of cities below from outside of the region of Wales for some inspiration.
- bramshill in Wales
- perth in Wales
- awliscombe in Wales
- badbury in Wales
- chatto in Wales
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
Finding the ideal house for sale for you
What parameters impact the final price of a house for sale in Fforest?
Here below is our list with the most important ones:
- House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
- House Location – the actual location of a house for sale drastically changes the final price of a property
- Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
- Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
- Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
- Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
- Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
- Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
- Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
In Fforest, what are the demographics like?
What is the population of Fforest?
The city of Fforest has a total population of 44286. 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 Fforest 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 Fforest
Over time, in the last five years, the population of the city of Fforest has changed by 2%. 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 2% 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 Fforest?
In the last 10 years, there has been a shift in the population of 4%.
Comparing this to the 5 year figure of Fforest 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.
For the city of Fforest, what is the education level?
In the city of Fforest, 26% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Fforest is £38,100.00.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
The city of Fforest, situated in Carmarthenshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Fforest and its demographics will be compared to its wider location (Wales). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Fforest. So, taking a good look at the data is essential to understand the area you are considering to buy in.
What’s a social grade score and how does it relate to Fforest?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Fforest compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Fforest, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 21%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
| 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 |
Is the city of Fforest deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Fforest, 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 crime like in Fforest?
In Fforest, for every 1000 people, there is currently a crime rate of 6600%. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (6600% for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
Is there sufficient green space in Fforest?
Whether you view green space in Fforest 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 Fforest, the number of acres of green space for every 1000 people currently is 11 which can be measured against the UK average of 1.7.
What salary does the community in Fforest 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.
£38,100.00 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 21% for Fforest.
On average, what is the figure for the asking price of a house for sale in Fforest?
When speaking about the city of Fforest, £238,654 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 Fforest 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 Fforest
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £147,957 |
| Average asking price (3 bed) | £208,344 |
| Average asking price (4 bed) | £389,306 |
| Average asking price (5 bed) | £507,495 |
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 Fforest is the right area to buy a house in for you.
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