What is it like buying a house in Aberbargoed?

by | Nov 15, 2022

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

Aberbargoed can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Aberbargoed.

On top of this, keep reading for detailed information on the demographics of Aberbargoed in Caerphilly. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

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

What is the growth in the housing market of Aberbargoed?

The growth of an area like Aberbargoed 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
Aberbargoed growth rate 2% 30% 50%

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 Aberbargoed if you want to find out the exact reasons for the housing change.

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Aberbargoed, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Wales. As well as Caerphilly, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Aberbargoed no relevant data for this city no relevant data for this city no relevant data for this city 17.0%
Caerphilly 4.40% £824 140.00% 17.50%
Wales 4.28% £861 133.18% 14.84%

Assuming that in the future you want to re-sell the house you will eventually purchased in Aberbargoed you might be interested in the number of sales per month (12) that happen in the local housing market. Comparing this figure for Aberbargoed with the above table gives you a good understanding of the profitability of the area.

Asking price in Aberbargoed for a house for sale

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 Aberbargoed 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 £148,595.

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 Aberbargoed.

The average asking price for the houses for sale in the city of Aberbargoed

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £121,133
Average asking price (3 bed) £150,418
Average asking price (4 bed) no relevant data for this city
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Aberbargoed, 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.

What kind of demographics does the city of Aberbargoed have?

In the city of Aberbargoed, has the population grown or shrunk?

Population growth in Aberbargoed 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 Aberbargoed, 16,329 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 Aberbargoed 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 Aberbargoed, this change has been 1%. 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 1%. Click here to know more on the UK population trends.

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

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 2% in Aberbargoed.

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.

In Aberbargoed, what is the social grade score?

In the city of Aberbargoed, the social grade score of the area is 9%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Aberbargoed.

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

Aberbargoed in the county of Caerphilly 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 Aberbargoed 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 Aberbargoed, 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.

How much do people in Aberbargoed earn?

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 (9%). 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 Aberbargoed, this works out to be £23,700. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

Is the education level of Aberbargoed important when buying a house?

Interestingly, the percentage of people who have a degree in the city of Aberbargoed is 16%. 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 Aberbargoed is £23,700.

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.

Is there sufficient green space in Aberbargoed?

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 Aberbargoed currently has 38.9 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 Aberbargoed in this case.

How deprived is the population of Aberbargoed?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Aberbargoed, currently, 40% 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.

In general, do people commit a lot of crime in Aberbargoed?

In Aberbargoed, for every 1000 people, there is currently a crime rate of 117. 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 (117 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.

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

As well as looking at the asking price for house for sale in Aberbargoed, 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 Aberbargoed.

Houses for sale, are sold on average in Aberbargoed, after the influence of these factors, at £110,075 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 2% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £208,108
Aerage sold price (semi-detached) £121,434
Aerage sold price (terraced) £90,092
Aerage sold price (flat) £63,836

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

Housing category Sale price per square foot
Aerage sold price/sqft £1,200
Aerage sold price/sqft (new build) £2,010
Aerage sold price/sqft (old stock) £1,090

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 Aberbargoed is £1,200.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.