As a landlord, whenever you are looking at houses for sale in Ceredigion, you could find varying prices throughout an area like Aberffrwd. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Aberffrwd to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Aberffrwd will be revealed. Keep reading.
Asking price in Aberffrwd for a house for sale
The average asking price for the houses for sale in the city of Aberffrwd
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £189,908 |
| Average asking price (3 bed) | £268,202 |
| Average asking price (4 bed) | £338,954 |
| Average asking price (5 bed) | £364,154 |
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Aberffrwd is the right area to buy a house in for you.
When speaking about the city of Aberffrwd, £267,564 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 would be after a larger house than someone living alone in Aberffrwd.
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.
Why you should consider the average rental yield when searching for houses for sale in Aberffrwd
What is the growth in the housing market of Aberffrwd?
Before committing to Aberffrwd 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 | |
|---|---|---|---|
| Aberffrwd growth rate | 7% | 15% | 19% |
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 Aberffrwd is building housing to find your answer.
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 Aberffrwd to Ceredigion and the broader suburb of the UK; Wales.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Aberffrwd | 3.3% | £736 | 140% | 15.0% |
| Ceredigion | 3.30% | £736 | 140.00% | 10.80% |
| Wales | 4.28% | £861 | 133.18% | 14.84% |
Let’s assume you want to sell the house you’re looking to buy in Aberffrwd for profit in the future, in this case, looking at the data for the number of houses sold per month in Aberffrwd would give you an idea of whether the area is actively getting new investors. This figure is 21.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Aberffrwd. 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.
In general, what do houses for sale sell for in Aberffrwd?
In Aberffrwd, houses for sale are sold at an average of £196,419. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Aberffrwd. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £244,746 |
| Aerage sold price (semi-detached) | £175,978 |
| Aerage sold price (terraced) | £156,888 |
| Aerage sold price (flat) | £145,218 |
As you can see above, for Aberffrwd, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of -3% where lots of movement may inflate or deflate house prices.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,930 |
| Aerage sold price/sqft (new build) | £2,140 |
| Aerage sold price/sqft (old stock) | £1,870 |
Looking at the second table about Aberffrwd, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Aberffrwd is £1,930.
Are there any important statistics about the population of Aberffrwd?
In the city of Aberffrwd, how much green space remains for residents?
Whether you view green space in Aberffrwd 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 Aberffrwd, the number of acres of green space for every 1000 people currently is 15.9 which can be measured against the UK average of 1.7.
How much are those living in Aberffrwd earning?
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 £43,900.
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 Aberffrwd this figure is 22%.
Is the city of Aberffrwd deprived?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Aberffrwd is 21% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
What is the population of Aberffrwd?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Aberffrwd if 30,885 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 Aberffrwd such as rental yield or house appreciation.
How has the population size of Aberffrwd adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Aberffrwd 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 Aberffrwd?
In the last decade, the population of Aberffrwd 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.
What is the city of Aberffrwd’s social grade score?
In the city of Aberffrwd 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 Aberffrwd has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 22%.
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 Aberffrwd, how educated are people in general?
In Aberffrwd, the proportion of people who have a degree is 31%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Aberffrwd is £43,900.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
Located in Ceredigion is the city of Aberffrwd, in a large part of the UK; Wales. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Aberffrwd has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Aberffrwd which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
What’s the crime rate in Aberffrwd?
The crime rate of Aberffrwd 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 105, 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 (105) is both useful and is recommended to be compared to the average.
Invest in houses for sale in Aberffrwd with the right professional advice
A house for sale that is right for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Aberffrwd
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affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
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Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
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Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
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Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
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EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
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Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
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Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
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Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
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Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
Thinking about other cities with houses for sale?
Below are a list of towns with a similar location to Aberffrwd.
Reading these analysis will help you evaluate the different houses for sale currently listed in Wales:
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
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