Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Abercastle, Pembrokeshire.
From the average asking price of houses for sale in Abercastle, to the growth of the population in the area, all will be talked about regarding the city of Abercastle. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In Abercastle, what is the asking price in general for a house for sale?
In the city of Abercastle, what is the average asking price for the houses for sale?
|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|
After looking at this table about prices of houses for sale in Abercastle, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that 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 holistic understanding.
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.
In general, what do houses for sale sell for in Abercastle?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Abercastle. In Abercastle, this sale price works out to be £233,342. As an example, a factor like population growth over the last 10 years which works out to be 4% in Abercastle and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£265,359|
|Average sold price (semi-detached)||£165,733|
|Average sold price (terraced)||£154,019|
|Average sold price (flat)||£185,760|
Above, the exact type of house is also shown to vary in price in a table in Abercastle. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£1,890|
|Average sold price/sqft (new build)||£1,800|
|Average sold price/sqft (old stock)||£1,810|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Abercastle which is £1,890. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
In Abercastle, what are the demographics like?
In Abercastle, what is the social grade score?
In the city of Abercastle, the social grade score of the area is 20%. 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 Abercastle.
|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|
Do the people of Abercastle get to enjoy green space?
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 30 which can be measured against the UK average of 1.7.
Abercastle within Pembrokeshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Abercastle will be looked at by comparing it to the local region, as well as comparing it to the wider region too (Wales). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Abercastle.
In Abercastle, how has the population changed?
In total, the number of people in Abercastle is 20896. 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 Abercastle, depending on where exactly you are.
How has Abercastle 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 Abercastle has changed by 3%. 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 3% 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 Abercastle?
4% 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 Abercastle 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.
What’s the crime rate in Abercastle?
Within Abercastle, the number of people committing crimes is 4700% per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 4700% figure carefully.
How deprived is the population of Abercastle?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Abercastle is £0.
How much do people in Abercastle 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 Abercastle. Compare the area’s average household income of £42,500.00 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 20% for more conclusive data on the affluence of the area.
What is the education level like in Abercastle?
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 £42,500.00. 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 rental yield in general for the city of Abercastle?
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 Abercastle this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (Wales) alongside Pembrokeshire 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 Abercastle.
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)|
|Abercastle||no relevant data for this city||no relevant data for this city||no relevant data for this city||£0|
|Pembrokeshire||no relevant data for this city||no relevant data for this city||no relevant data for this city||11.92%|
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 Abercastle.
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 (11) will be useful.
Are there more or fewer houses being built in Abercastle?
Whenever you are thinking about looking for houses for sale in Abercastle, 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|
|Abercastle growth rate||13%||26%||42%|
As the population of Abercastle 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.
House for sale in a different UK region
If you are looking for similar places to buy a house that are just like Abercastle, examine this short list of cities below from outside of the region of Wales for some inspiration.
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.
Get professional help on the houses for sale in Abercastle
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
A house for sale that is right 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.
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 (Frequently Asked Questions)
Do properties in Abercastle have the potential for renovation?
Every single month in Abercastle, there are 13 planning applications, of which nan result in a success. Look at this in terms of the population size of 20896 to work out if you think you’d have good planning success if you were to renovate.
What is the monthly count of property transactions in Abercastle?
Abercastle boasts a monthly total of 11 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link
In a city like Abercastle, what’s the yearly fluctuation in population?
When evaluating the population trajectory of Abercastle, explore the decade-spanning population shift of 4% and the five-year modification of population of 3%. By drawing comparisons, see if demographic changes in your chosen area is
What are the asking rates for houses for sale in the surrounding area of Abercastle?
Currently, the mean asking price of a house in Abercastle is £0, calculated using the average value per square foot
Is purchasing a house in Abercastle considered a costly decision?
To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Abercastle this number is £233,342 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house