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

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 Abergwynfi?

Whenever looking for a house for sale in the UK or in Abergwynfi, it is vital you look at the market trends and house price fluctuations in the wider area of Neath Port Talbot 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 Abergwynfi.

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

Always consider average rental yield when searching for houses for sale in Abergwynfi

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 Abergwynfi.

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 (Neath Port Talbot) as well as the broader region; Wales.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Abergwynfi no relevant data for this city no relevant data for this city no relevant data for this city 24.0%
Neath Port Talbot 5.40% £646 no relevant data for this city 18.83%
Wales 4.28% £861 133.18% 14.84%

Also, you can compare other data to the table above such as the number of houses sold per month in Abergwynfi which is 17 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 Abergwynfi is to invest in. Both in terms of rental yield and capital appreciation.

In Abergwynfi, how has the number of houses changed?

The growth of an area like Abergwynfi 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
Abergwynfi growth rate 12% 32% 49%

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 Abergwynfi if you want to find out the exact reasons for the housing change.

What are the people like in Abergwynfi?

Do the people of Abergwynfi get to enjoy green space?

Whether you view green space in Abergwynfi 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 Abergwynfi, the number of acres of green space for every 1000 people currently is 64.9 which can be measured against the UK average of 1.7.

In Abergwynfi, how educated are people in general?

In the city of Abergwynfi, 15% 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 Abergwynfi is £31,400. 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 does the population of Abergwynfi look like?

The city of Abergwynfi has a total population of 19,501. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Abergwynfi is growing.

A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.

Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.

The five year population change of Abergwynfi

Over time, in the last five years, the population of the city of Abergwynfi has changed by 2%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here

In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 2% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.

What is the difference in population over the last 10 years in Abergwynfi?

In the last 10 years, there has been a shift in the population of 3%.

Comparing this to the 5 year figure of Abergwynfi can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.

New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.

A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.

Is the city of Abergwynfi 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 Abergwynfi is 40% 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.

Abergwynfi within Neath Port Talbot is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Abergwynfi will be looked at by comparing it to the local region, as well as comparing it to the wider region too (Wales). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.

This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Abergwynfi.

How much do people in Abergwynfi 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 (13%). 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 Abergwynfi, this works out to be £31,400. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

What is a social grade score and how does this relate to Abergwynfi?

In the city of Abergwynfi, the social grade score of the area is 13%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Abergwynfi.

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

Is the crime rate bad in the city of Abergwynfi?

In Abergwynfi, for every 1000 people, there is currently a crime rate of 112. 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 (112 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.

Asking price in Abergwynfi for a house for sale

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

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £112,308
Average asking price (3 bed) £133,917
Average asking price (4 bed) £256,177
Average asking price (5 bed) no relevant data for this city

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Abergwynfi has a lack of supply of housing in certain categories.

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Abergwynfi determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £144,413.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Abergwynfi.

In general, for the city of Abergwynfi, what are the final purchase prices for the houses for sale?

For the city of Abergwynfi, the average price a house sells for is £112,326. This value usually depends on the exact location of the house within Abergwynfi as well as other factors like the population growth in Abergwynfi which is 3% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £238,567
Aerage sold price (semi-detached) £110,887
Aerage sold price (terraced) £87,356
Aerage sold price (flat) no relevant data for this city

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 Abergwynfi.

Housing category Sale price per square foot
Aerage sold price/sqft £1,100
Aerage sold price/sqft (new build) £2,700
Aerage sold price/sqft (old stock) £1,040

Generalising the bottom table, the average value per square foot of a house for sale is £1,100. This value averages all of the types of houses for sale in Abergwynfi. 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 Abergwynfi.