As a landlord, whenever you are looking at houses for sale in Carmarthenshire, you could find varying prices throughout an area like Abergorlech. 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 Abergorlech 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 Abergorlech will be revealed. Keep reading.
Always consider average rental yield when searching for houses for sale in Abergorlech
Are there more or fewer houses being built in Abergorlech?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Abergorlech that shows the growth in recent years.
|1 year||3 years||5 years|
|Abergorlech growth rate||1%||23%||32%|
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Abergorlech is important.
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Abergorlech.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Carmarthenshire) as well as the broader region; Wales.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Abergorlech||no relevant data for this city||no relevant data for this city||no relevant data for this city||5.0%|
Also, you can compare other data to the table above such as the number of houses sold per month in Abergorlech which is 2 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Abergorlech is to invest in. Both in terms of rental yield and capital appreciation.
In general, what do houses for sale sell for in Abergorlech?
In Abergorlech, the average sale price of a house for sale is in fact £265,238. This is dependent on the 10 year population growth of Abergorlech being 4%. Growing populations are more likely to inflate the prices of houses for sale in the city of Abergorlech.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£274,641|
|Aerage sold price (semi-detached)||£152,914|
|Aerage sold price (terraced)||£127,645|
|Aerage sold price (flat)||no relevant data for this city|
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 Abergorlech.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,870|
|Aerage sold price/sqft (new build)||£1,520|
|Aerage sold price/sqft (old stock)||£1,750|
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 £1,870. This means if you are just looking out the houses sold in Abergorlech in general and didn’t take into consideration the type of build. For example, a new build.
In Abergorlech, what are the demographics like?
How much do people in Abergorlech earn?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (27%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Abergorlech, this works out to be £38,200. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Is there sufficient green space in Abergorlech?
In the city of Abergorlech, there are 30.2 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 Abergorlech is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In general, do people commit a lot of crime in Abergorlech?
For the city of Abergorlech, crime rate is at 34. So for every 1000 people in the area, 34 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
In Abergorlech, what is the social grade score?
In the city of Abergorlech 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 Abergorlech has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 27%.
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|
What does the population of Abergorlech look like?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Abergorlech if 7,540 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 Abergorlech such as rental yield or house appreciation.
How has the population size of Abergorlech adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Abergorlech by 3%. 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 3% 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 Abergorlech?
In the last decade, the population of Abergorlech has been adjusted by 4%. 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 Abergorlech, how educated are people in general?
The number of people as a percentage who have been through university and gained a degree is 30%. The ability to buy a home is greatly influenced by the number of people who have degrees. £38,200 is the amount people in Abergorlech are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Abergorlech, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
How deprived is the population of Abergorlech?
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 Abergorlech is 24%.
Abergorlech in the county of Carmarthenshire 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 Abergorlech 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 Abergorlech, 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.
On average, what is the figure for the asking price of a house for sale in Abergorlech?
The average asking price for the houses for sale in the city of Abergorlech
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||no relevant data for this city|
|Average asking price (3 bed)||£374,495|
|Average asking price (4 bed)||no relevant data for this city|
|Average asking price (5 bed)||no relevant data for this city|
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 Abergorlech is the right area to buy a house in for you.
On average, in Abergorlech, the asking price for a house for sale in the area is £460,201.
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 Abergorlech. 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.