What is it like buying a house in Abbeycwmhir?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Wales $ What is it like buying a house in Abbeycwmhir?

Whenever looking for a house for sale in the UK or in Abbeycwmhir, it is vital you look at the market trends and house price fluctuations in the wider area of Powys 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 Abbeycwmhir.

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

What are the demographics like in the city of Abbeycwmhir?

In Abbeycwmhir, what is the social grade score?

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 Abbeycwmhir 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 Abbeycwmhir, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 16%.

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 education level of Abbeycwmhir important when buying a house?

In the city of Abbeycwmhir, 24% 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 Abbeycwmhir is £32,000.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

What’s crime like in Abbeycwmhir?

In Abbeycwmhir, for every 1000 people, there is currently a crime rate of 113. 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 (113 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.

How much do people in Abbeycwmhir earn?

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 Abbeycwmhir. Compare the area’s average household income of £32,000 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 16% for more conclusive data on the affluence of the area.

What is the population of Abbeycwmhir?

The city of Abbeycwmhir has a total population of 11,158. 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 Abbeycwmhir 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 Abbeycwmhir

Over time, in the last five years, the population of the city of Abbeycwmhir has changed by 0%. 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 0% 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 Abbeycwmhir?

In the last 10 years, there has been a shift in the population of 0%.

Comparing this to the 5 year figure of Abbeycwmhir 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.

How deprived is the population of Abbeycwmhir?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 26% for Abbeycwmhir should give you a nice idea of the deprivation in the area.

Do the people of Abbeycwmhir get to enjoy 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 Abbeycwmhir currently has 34.9 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.

Abbeycwmhir in the county of Powys is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Abbeycwmhir is located in; Wales.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Abbeycwmhir, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

In general, for the city of Abbeycwmhir, what are the final purchase prices for the houses for sale?

In Abbeycwmhir, houses for sale are sold at an average of £188,693. 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 Abbeycwmhir. 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) £223,066
Aerage sold price (semi-detached) £155,008
Aerage sold price (terraced) £131,186
Aerage sold price (flat) £66,352

As you can see above, for Abbeycwmhir, 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 0% where lots of movement may inflate or deflate house prices.

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

Looking at the second table about Abbeycwmhir, 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 Abbeycwmhir is £1,730.

Always consider average rental yield when searching for houses for sale in Abbeycwmhir

The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.

Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Abbeycwmhir.

The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Powys) as well as the broader region; Wales.

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 8.0%
Powys 4.70% £629 no relevant data for this city 13.11%
Wales 4.28% £861 133.18% 14.84%

Also, you can compare other data to the table above such as the number of houses sold per month in Abbeycwmhir which is 7 and get a better understanding of the housing market.

This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Abbeycwmhir is to invest in. Both in terms of rental yield and capital appreciation.

Are there more or fewer houses being built in Abbeycwmhir?

Whenever you are thinking about looking for houses for sale in Abbeycwmhir, think about how the city is growing and how this may impact the overall growth of the area.

Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.

1 year 3 years 5 years
Abbeycwmhir growth rate 14% 32% 38%

As the population of Abbeycwmhir grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.

On average, what is the figure for the asking price of a house for sale in Abbeycwmhir?

Table showing the asking prices for 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

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Abbeycwmhir 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 £0 should also give you an overview of what the asking price for houses for sale are in general.

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.

Get professional help on the houses for sale in Abbeycwmhir

Choose the right house for sale that suits your needs

Many criteria impact the price of houses for sale in Abbeycwmhir.
Here below are the most important ones according to Lofti’s expertise:

  • Affordability – (see what house for sale can you afford?)

    A guide from the UK government

  • House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.

  • Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying

  • Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom

  • Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.

  • Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale

  • Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance

  • Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.

Are you considering other cities with houses for sale?

See here below a list of cities in the same UK region of Abbeycwmhir which is Wales. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.

In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.

The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:

  • Banks – Lend you the cash
  • Insurance companies – Insure your new real estate investment
  • Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
  • Surveyor – Carries out an independent and complete property valuation of the house for sale
  • Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
  • EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city