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How much will you pay for a house for sale in Abergwili?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Wales $ How much will you pay for a house for sale in Abergwili?

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Whenever looking for a house for sale in the UK or in Abergwili, it is vital you look at the market trends and house price fluctuations in the wider area of Carmarthenshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Abergwili.

In this article, we will be looking at the city of Abergwili in detail so you know how to navigate the area and have a better understanding on where to invest.

Finding the ideal house for sale for you

When browsing houses for sale in Abergwili you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • 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.

House for sale in a different UK region

If you are looking for similar places to buy a house that are just like Abergwili, examine this short list of cities below from outside of the region of Wales for some inspiration.

If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.

Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.

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

For the city of Abergwili, the average price a house sells for is £167,825. This value usually depends on the exact location of the house within Abergwili as well as other factors like the population growth which is 4% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £220,527
Aerage sold price (semi-detached) £153,974
Aerage sold price (terraced) £115,213
Aerage sold price (flat) £93,565

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 Abergwili.

Housing category Sale price per square foot
Aerage sold price/sqft £1,690
Aerage sold price/sqft (new build) £1,890
Aerage sold price/sqft (old stock) £1,560

Generalising the bottom table, the average value per square foot of a house for sale is £1,690. This value averages all of the types of houses for sale in Abergwili. 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 Abergwili.
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 kind of demographics does the city of Abergwili have?

For the city of Abergwili, what is the education level?

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 £36,900.00.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

Do the people of Abergwili get to enjoy green space?

In the city of Abergwili, there are 9 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’s crime like in Abergwili?

For the city of Abergwili, crime rate is at 13900%. So for every 1000 people in the area, 13900% 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.

Have the people of Abergwili grown in numbers?

In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Abergwili is 17254.

Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.

The most important variable is the location of the houses for sale in the city of Abergwili.

In Abergwili, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 3%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here

This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.

Making predictions about the future growth of Abergwili is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.

Comparing this figure for the 5 year growth (3%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.

Abergwili population difference over 10 years?

The population has adjusted in the area of Abergwili by 4% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.

This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Abergwili.

To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.

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.

What salary does the community in Abergwili take home?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£36,900.00 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 17% for Abergwili.

What’s a social grade score and how does it relate to Abergwili?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Abergwili compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Abergwili, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 17%.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

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

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

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 Abergwili is £0 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.

Why you should consider the average rental yield when searching for houses for sale in Abergwili

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. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.

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 into all the details of Abergwili.

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)
Abergwili no relevant data for this city no relevant data for this city no relevant data for this city £0
Carmarthenshire 4.60% £780.50 140.00% 11.56%
Wales 0.04 861.19 £1 14.84%

Also, you can compare other data to the table above such as the number of houses sold per month in Abergwili which is 12 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 Abergwili is to invest in. Both in terms of rental yield and capital appreciation.

Are there more or fewer houses being built in Abergwili?

Whenever you are thinking about looking for houses for sale in Abergwili, think about how the city is growing and how this may impact the overall growth of the area.

Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.

1 year 3 years 5 years
Abergwili growth rate 3% 19% 27%

As the population of Abergwili grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.

What is the asking price on average of houses for sale in Abergwili?

Average price of 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

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 Abergwili is the right area to buy a house in for you.

When investors make offers for houses for sale in Abergwili, the average price asked by the homeowners works out to be £240,197.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Abergwili is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

Advice from experts on properties for sale in Abergwili

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

Frequently Asked Questions (FAQ)

Do properties in Abergwili have the potential for renovation?

Properties in the city of Abergwili may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 5 approvals every month with an approval of nan based on a population of 17254. Compare other places in the UK to make this figure make more sense.

What’s the number of property sales each month in Abergwili?

In the city of Abergwili, there are 12 and in the total for the UK, there are around 1.1 million property sales.

In a city like Abergwili, what’s the yearly fluctuation in population?

For a comprehensive analysis of Abergwili’s population trends, observe the population fluctuation over a decade, indicated by 4%, and the five-year alteration represented by 3%. Perhaps also look at data from another nearby city too so you can see a comparison.

How much are houses for sale priced at in the extended region of Abergwili?

The current average price per square foot for a house in Abergwili stands at £0, considering the mean cost for each square foot of houses for sale there.

Is investing in a house for sale in Abergwili a financially demanding choice?

Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Abergwili, this value is £167,825, compared to the UK’s average of £286,500.

Buying a home in Abergwili? Find trusted estate agents below

Purchasing property in Abergwili can be a complex process. Having the right real estate agent to guide you makes all the difference. We understand how stressful and time-consuming finding an agent can be so we have provided all of the most relevent agents and their contact details below in our convenient table.

Estate agent name Phone number Address of agent Email Address
Swift Property Services 441267240055 1 King Street, Carmarthen, SA31 1BA Phone number only
BJP Residential 441267312963 104 Lammas Street, Carmarthen, SA31 3AP Phone number only
Evans Bros 441267312875 18A King Street, Carmarthen, SA31 1BH Phone number only
Gerald R Vaughan 441267312975 27 Lammas Street, Carmarthen, SA31 3AL Phone number only
Clee Tompkinson Francis 441558823601 2 Queen Street Gareth Lewis (gareth@ctf-uk.com);Bethan Thomas (bethan.thomas@ctf-uk.com);Genna Davies (genna@ctf-uk.com);Rob Beale (robert@ctf-uk.com);Genna Davies (genna.davies@ctf-uk.com);Chris Thomas (chris.thomas@ctf-uk.com)

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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