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Abercynon 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 Abercynon.
On top of this, keep reading for detailed information on the demographics of Abercynon in Rhondda Cynon Taff. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
Thinking of a different city and perhaps a different location?
If you are looking for a list of cities that are different to the City of Abercynon and in different UK region to Wales. You might want to consider these as alternatives for your next real estate investment:
- broomfield in Wales
- four-throws in Wales
- catterton in Wales
- epsom in Wales
- bewbush in Wales
Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.
In Abercynon, what are the rental yields?
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 Abercynon. 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 Abercynon.
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 (Rhondda Cynon Taff), a regional level (Wales) and finally on the level of the city talked about in this article, Abercynon.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Abercynon | no relevant data for this city | no relevant data for this city | no relevant data for this city | £0 |
| Rhondda Cynon Taff | 5.10% | £783.33 | no relevant data for this city | 20.11% |
| 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 Abercynon experiences. This figure for house sales per month is 12. 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.
Are there new houses being built in Abercynon to make it grow?
Before committing to Abercynon to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Abercynon growth rate | 18% | 14% | 50% |
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Abercynon is building housing to find your answer.
In general, what do houses for sale sell for in Abercynon?
For the city of Abercynon, the average price a house sells for is £96,528. This value usually depends on the exact location of the house within Abercynon as well as other factors like the population growth which is 3% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £199,231 |
| Aerage sold price (semi-detached) | £117,899 |
| Aerage sold price (terraced) | £78,504 |
| Aerage sold price (flat) | £56,621 |
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 Abercynon.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,040 |
| Aerage sold price/sqft (new build) | £1,900 |
| Aerage sold price/sqft (old stock) | £970 |
Generalising the bottom table, the average value per square foot of a house for sale is £1,040. This value averages all of the types of houses for sale in Abercynon. 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 Abercynon.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.
What is the asking price on average of houses for sale in Abercynon?
When speaking about the city of Abercynon, £125,639 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Abercynon would be after a larger house than someone living alone.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
Table showing the asking prices for houses for sale in Abercynon
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £101,075 |
| Average asking price (3 bed) | £132,520 |
| Average asking price (4 bed) | no relevant data for this city |
| 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 Abercynon has a lack of supply of housing in certain categories.
Invest in houses for sale in Abercynon with the right professional advice
Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.
Below, you can find a list of professionals that come in handy when looking for houses for sale:
- Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
- Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
- Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
- Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
- Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
- Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment
What are the people like in Abercynon?
The city of Abercynon, situated in Rhondda Cynon Taff, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Abercynon and its demographics will be compared to its wider location (Wales). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Abercynon. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How much do people in Abercynon earn?
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 Abercynon, the average income is £22,200.00. 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 9% to decide on what the demographics are like in the area.
How deprived is the population of Abercynon?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Abercynon, currently, £0 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.
What is the education level like in Abercynon?
Interestingly, the percentage of people who have a degree in the city of Abercynon is 13%. 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 Abercynon is £22,200.00.
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.
What’s the crime rate in Abercynon?
For every one thousand people living in Abercynon, 108 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 108 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
Do the people of Abercynon 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 Abercynon currently has 10 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 Abercynon in this case.
What is the social grade score of Abercynon?
In the city of Abercynon and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Abercynon has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 9%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
| 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 |
In the city of Abercynon, has the population grown or shrunk?
The city of Abercynon has a total population of 19548. 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 Abercynon 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 Abercynon
Over time, in the last five years, the population of the city of Abercynon has changed by 2%. 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 2% 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 Abercynon?
In the last 10 years, there has been a shift in the population of 3%.
Comparing this to the 5 year figure of Abercynon 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.
Choose the right house for sale that suits your needs
What parameters impact the final price of a house for sale in Abercynon?
Here below is our list with the most important ones:
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House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
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House Location – the actual location of a house for sale drastically changes the final price of a property
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Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
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Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
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Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
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Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
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Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
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Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
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Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
FAQ
Are there opportunities for property renovation in Abercynon?
Properties in the city of Abercynon may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 3 approvals every month with an approval of 91% based on a population of 19548. Compare other places in the UK to make this figure make more sense.
How many property sales occur per month in Abercynon?
The city of Abercynon sees around 12 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.
What’s the year-over-year population change in Abercynon or similar cities?
When evaluating the population trajectory of Abercynon, explore the decade-spanning population shift of 3% and the five-year modification of population of 2%. By drawing comparisons, see if demographic changes in your chosen area is
What is the asking price for houses for sale in the wider region of Abercynon?
Currently, the mean asking price of a house in Abercynon is £0, calculated using the average value per square foot
Is purchasing a house in Abercynon considered a costly decision?
Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Abercynon, this value is £96,528, compared to the UK’s average of £286,500.
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