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Abbey Wood – What to look for in houses for sale?

by | Nov 15, 2022

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Download the directory As a landlord, whenever you are looking at houses for sale in Powys, you could find varying prices throughout an area like Abbeycwmhir. In this article, this data will be simplified so you can find all of the data on one, convenient page. So, from the rental yield of Abbeycwmhir to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Abbeycwmhir will be revealed. Keep reading.

What’s the rental yield in general for the city of Abbeycwmhir?

Is the housing market in Abbeycwmhir growing?

The growth of an area like Abbeycwmhir 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
Abbeycwmhir growth rate 14% 32% 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 Abbeycwmhir 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 Abbeycwmhir. 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 Abbeycwmhir. 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 (Powys), a regional level (Wales) and finally on the level of the city talked about in this article, Abbeycwmhir.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Abbeycwmhir no relevant data for this city no relevant data for this city no relevant data for this city £0
Powys 4.70% £629.00 no relevant data for this city 13.11%
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 Abbeycwmhir experiences. This figure for house sales per month is 9. 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.

House for sale in a different UK region

Below is a list of towns that differ from Abbeycwmhir. Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to Wales:

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

Get professional help on the houses for sale in Abbeycwmhir

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses. You may wonder who can guide you through the process of selecting a house that is for sale. There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale. Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

Are there any important statistics about the population of Abbeycwmhir?

Located in Powys is the city of Abbeycwmhir, in a large part of the UK; Wales. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like. Below, the population of Abbeycwmhir has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale. The knowledge below is based on a lot of different variables relevant to the city of Abbeycwmhir which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.

Is there sufficient green space in Abbeycwmhir?

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 Abbeycwmhir currently has 35 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 Abbeycwmhir in this case.

Have the people of Abbeycwmhir grown in numbers?

In total, the number of people in Abbeycwmhir is 11158. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate. Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural. You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Abbeycwmhir, depending on where exactly you are.

How has Abbeycwmhir changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Abbeycwmhir has changed by 0%. Read more here It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 0% is a recent change or not. Click here to know more on the UK population trends.

In the last decade, what is the difference in population in Abbeycwmhir?

0% has been the population growth change in the past 10 years. Usually, this is more of a conservative figure compared to the five year change of a city. Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area. The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Abbeycwmhir have seen a more desirable way of working, moving to make themselves more comfortable in their careers. For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

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

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially. If the proportion of deprivation of Abbeycwmhir is £0 and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

In Abbeycwmhir, what is the social grade score?

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 Abbeycwmhir in grades A or B which are the highest skilled roles in the country is 16%. Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £32,000.00 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 16%.

What salary does the community in Abbeycwmhir take home?

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 Abbeycwmhir, the average income is £32,000.00. 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 16% to decide on what the demographics are like in the area.

What is the education level like in Abbeycwmhir?

In the city of Abbeycwmhir, 24% 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 Abbeycwmhir is £32,000.00. 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.

What’s the crime rate in Abbeycwmhir?

The crime rate of Abbeycwmhir 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 11300%, 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 (11300%) is both useful and is recommended to be compared to the average.

What are the asking prices for the houses for sale in the city of Abbeycwmhir?

On average, in Abbeycwmhir, the asking price for a house for sale in the area is £272,593. The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Abbeycwmhir. From a 1 bedroom house up to a 5 bedroom house. As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.

Average price of houses for sale in Abbeycwmhir

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £163,000
Average asking price (3 bed) £275,384
Average asking price (4 bed) £353,053
Average asking price (5 bed) no relevant data for this city

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area. This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Abbeycwmhir has a lack of supply of housing in certain categories.

What is the final sale price of a house in Abbeycwmhir?

As well as looking at the asking price for house for sale in Abbeycwmhir, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Abbeycwmhir. Houses for sale, are sold on average in Abbeycwmhir, after the influence of these factors, at £188,693 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 0% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £223,066
Aerage sold price (semi-detached) £155,008
Aerage sold price (terraced) £131,186
Aerage sold price (flat) £66,352

This table above shows the average sale price for each variation of houses for sale in Abbeycwmhir.

Housing category Sale price per square foot
Aerage sold price/sqft £1,730
Aerage sold price/sqft (new build) £1,800
Aerage sold price/sqft (old stock) £1,620

This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Abbeycwmhir is £1,730. This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

Choose the right house for sale that suits your needs

Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Abbeycwmhir.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)

  • Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.

  • Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.

  • Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.

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

  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

  • Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month

  • Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.

FAQ

Is it possible to renovate a property in Abbeycwmhir?

Abbeycwmhir is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 4 each month, attaining a success rate of 85% and a total population of 11158. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

How many property sales occur per month in Abbeycwmhir?

In the city of Abbeycwmhir, there are 9 and in the total for the UK, there are around 1.1 million property sales.

What is the population change each year in a city like Abbeycwmhir?

For a comprehensive analysis of Abbeycwmhir’s population trends, observe the population fluctuation over a decade, indicated by 0%, and the five-year alteration represented by 0%. Perhaps also look at data from another nearby city too so you can see a comparison.

prices for houses on sale in the broader vicinity of Abbeycwmhir?

Currently, the mean asking price of a house in Abbeycwmhir is £0, calculated using the average value per square foot

Would acquiring a house for sale in Abbeycwmhir be regarded as a high-priced option?

To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Abbeycwmhir, the value is £188,693, whereas the UK’s mean 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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