As a landlord, whenever you are looking at houses for sale in Carmarthenshire, you could find varying prices throughout an area like Abergwili. 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 Abergwili 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 Abergwili will be revealed. Keep reading.
What kind of demographics does the city of Abergwili have?
What does the population of Abergwili look like?
Population growth in Abergwili is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Abergwili, 17,254 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Abergwili in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Abergwili, this change has been 3%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 3%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Abergwili?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 4% in Abergwili.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
How much do people in Abergwili 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 Abergwili. Compare the area’s average household income of £36,900 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 17% for more conclusive data on the affluence of the area.
In general, do people commit a lot of crime in Abergwili?
Within Abergwili, the number of people committing crimes is 139 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 139 figure carefully.
How much green space is available to residents of Abergwili?
In the city of Abergwili, there are 8.7 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 Abergwili is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What is the education level like in Abergwili?
In the city of Abergwili, 27% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Abergwili is £36,900.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Are the deprivation levels of the UK any different to Abergwili?
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 Abergwili is 26%.
What is the social grade score of Abergwili?
In the city of Abergwili 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 Abergwili has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 17%.
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 Abergwili, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Carmarthenshire for example.
These demographics for Abergwili may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Abergwili in Wales.
Asking price in Abergwili for a house for sale
Table showing the asking prices for houses for sale in Abergwili
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£141,346|
|Average asking price (3 bed)||£184,271|
|Average asking price (4 bed)||£367,470|
|Average asking price (5 bed)||no relevant data for this city|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Abergwili is £0. This should show you the general prices overall and for individual types of houses too.
When speaking about the city of Abergwili, £240,197 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 Abergwili.
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 Abergwili
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Abergwili, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Wales. As well as Carmarthenshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Abergwili||no relevant data for this city||no relevant data for this city||no relevant data for this city||16.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Abergwili you might be interested in the number of sales per month (13) that happen in the local housing market. Comparing this figure for Abergwili with the above table gives you a good understanding of the profitability of the area.
Are there new houses being built in Abergwili to make it grow?
Before committing to Abergwili 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|
|Abergwili growth rate||3%||19%||27%|
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 Abergwili is building housing to find your answer.
In general, for the city of Abergwili, what are the final purchase prices for the houses for sale?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Abergwili. In Abergwili, this sale price works out to be £167,825. As an example, a factor like population growth over the last 10 years which works out to be 4% in Abergwili and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£220,527|
|Average sold price (semi-detached)||£153,974|
|Average sold price (terraced)||£115,213|
|Average sold price (flat)||£93,565|
Above, the exact type of house is also shown to vary in price in a table in Abergwili. 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||£1,690|
|Average sold price/sqft (new build)||£1,890|
|Average sold price/sqft (old stock)||£1,560|
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 Abergwili which is £1,690. 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.