What is it like buying a house in Abercynon?

by | Nov 15, 2022

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

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 out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

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

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

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Abercynon 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 Abercynon, the asking price for a house for sale in the area is £125,639.

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 Abercynon. 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.

In Abercynon, what do houses for sale tend to sell for?

In Abercynon, the average sale price of a house for sale is in fact £96,528. This is dependent on the 10 year population growth of Abercynon being 3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Abercynon.

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 list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in 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

Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.

On average, the cost of a house for sale per square foot works out to be £1,040. This means if you are just looking out the houses sold in Abercynon in general and didn’t take into consideration the type of build. For example, a new build.

What are the demographics like in the city of Abercynon?

Are the deprivation levels of the UK any different to Abercynon?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Abercynon, in particular, the deprivation levels are 42%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

Abercynon in the county of Rhondda Cynon Taff 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 Abercynon 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 Abercynon, 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.

What salary does the community in Abercynon take home?

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 £22,200.

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 Abercynon this figure is 9%.

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

In Abercynon, for every 1000 people, there is currently a crime rate of 108. 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 (108 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 educated are the people in Abercynon?

In the city of Abercynon, 13% 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 Abercynon is £22,200. 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 is the city of Abercynon’s social grade score?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Abercynon, the percentage of people in the two highest categories, A and B is 9%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £22,200. This income will generally get bigger as the percentage of people in the A and B categories go up too (9%).

Have the people of Abercynon grown in numbers?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Abercynon if 19,548 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Abercynon such as rental yield or house appreciation.

How has the population size of Abercynon adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Abercynon by 2%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 2% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Abercynon?

In the last decade, the population of Abercynon has been adjusted by 3%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

In the city of Abercynon, is there a lot of green space?

In the city of Abercynon, there are 10.4 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Abercynon is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

In Abercynon, what are the rental yields?

Are there new houses being built in Abercynon to make it grow?

The growth of an area like Abercynon 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
Abercynon growth rate 18% 14% 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 Abercynon if you want to find out the exact reasons for the housing change.

If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.

This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.

The table below represents this data and compares Abercynon to Rhondda Cynon Taff and the broader suburb of the UK; Wales.

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 22.0%
Rhondda Cynon Taff 5.10% £783 no relevant data for this city 20.11%
Wales 4.28% £861 133.18% 14.84%

Let’s assume you want to sell the house you’re looking to buy in Abercynon for profit in the future, in this case, looking at the data for the number of houses sold per month in Abercynon would give you an idea of whether the area is actively getting new investors. This figure is 19.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Abercynon. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.

The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.