Abercastle 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 Abercastle.
On top of this, keep reading for detailed information on the demographics of Abercastle in Pembrokeshire. 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.
In Abercastle, what do houses for sale tend to sell for?
For the city of Abercastle, the average price a house sells for is £233,342. This value usually depends on the exact location of the house within Abercastle as well as other factors like the population growth in Abercastle which is 4% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £265,359 |
| Aerage sold price (semi-detached) | £165,733 |
| Aerage sold price (terraced) | £154,019 |
| Aerage sold price (flat) | £185,760 |
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 Abercastle.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,890 |
| Aerage sold price/sqft (new build) | £1,800 |
| Aerage sold price/sqft (old stock) | £1,810 |
Generalising the bottom table, the average value per square foot of a house for sale is £1,890. This value averages all of the types of houses for sale in Abercastle. 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 Abercastle.
In Abercastle, what are the rental yields?
Are there more or fewer houses being built in Abercastle?
The growth of an area like Abercastle 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 | |
|---|---|---|---|
| Abercastle growth rate | 13% | 26% | 42% |
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 Abercastle 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 Abercastle. 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 Abercastle.
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 (Pembrokeshire), a regional level (Wales) and finally on the level of the city talked about in this article, Abercastle.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Abercastle | no relevant data for this city | no relevant data for this city | no relevant data for this city | 9.0% |
| Pembrokeshire | no relevant data for this city | no relevant data for this city | no relevant data for this city | 11.92% |
| 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 Abercastle experiences. This figure for house sales per month is 14. 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.
In Abercastle, what is the asking price in general for a house for sale?
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Abercastle is £378,108.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Abercastle is useful when negotiating and knowing what to expect for every type of house for sale.
Average price of houses for sale in Abercastle
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £253,569 |
| Average asking price (3 bed) | £331,158 |
| Average asking price (4 bed) | £453,183 |
| Average asking price (5 bed) | £537,654 |
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 Abercastle has a lack of supply of housing in certain categories.
In Abercastle, what are the demographics like?
In the city of Abercastle, 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 Pembrokeshire for example.
These demographics for Abercastle 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 Abercastle in Wales.
In Abercastle, what are the deprivation levels like?
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 Abercastle should give you a nice idea of the deprivation in the area.
Is there sufficient green space in Abercastle?
Whether you view green space in Abercastle 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 Abercastle, the number of acres of green space for every 1000 people currently is 29.8 which can be measured against the UK average of 1.7.
How much do people in Abercastle earn?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £42,500.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Abercastle this figure is 20%.
For the city of Abercastle, what is the education level?
In the city of Abercastle, 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 Abercastle is £42,500. 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 Abercastle, has the population grown or shrunk?
Population growth in Abercastle 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 Abercastle, 20,896 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 Abercastle 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 Abercastle, 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 Abercastle?
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 Abercastle.
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 the crime rate in Abercastle?
The crime rate of Abercastle 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 47, 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 (47) is both useful and is recommended to be compared to the average.
What is a social grade score and how does this relate to Abercastle?
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 Abercastle in grades A or B which are the highest skilled roles in the country is 20%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £42,500 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 20%.
Who can help you buy a house for sale in Abercastle?
Finding the ideal house for sale for you
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 Abercastle.
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Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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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.
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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.
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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.
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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.
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Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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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
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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.
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
House for sale in the same UK region
See here below a list of cities in the same UK region of Abercastle which is Wales. You might want to consider these as alternatives for your next real estate investment:
- Cwmbelan in Wales
- Cadoxton in Wales
- Barmouth in Wales
- Blaenwaun in Wales
- Castell-Y-Bwch in Wales
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
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