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

As a landlord, whenever you are looking at houses for sale in Gwynedd, you could find varying prices throughout an area like Abergynolwyn. 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 Abergynolwyn 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 Abergynolwyn will be revealed. Keep reading.

In Abergynolwyn, what are the demographics like?

Abergynolwyn in the county of Gwynedd 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 Abergynolwyn 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 Abergynolwyn, 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.

In Abergynolwyn, what are the deprivation levels like?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of £0 for Abergynolwyn should give you a nice idea of the deprivation in the area.

In Abergynolwyn, how has the population changed?

In total, the number of people in Abergynolwyn is 4660. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.

Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.

You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Abergynolwyn, depending on where exactly you are.

How has Abergynolwyn changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Abergynolwyn has changed by 2%. Read more here

It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 2% is a recent change or not.
Click here to know more on the UK population trends.

In the last decade, what is the difference in population in Abergynolwyn?

3% has been the population growth change in the past 10 years.

Usually, this is more of a conservative figure compared to the five year change of a city.

Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.

The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Abergynolwyn have seen a more desirable way of working, moving to make themselves more comfortable in their careers.

For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

In Abergynolwyn, how educated are people in general?

In the city of Abergynolwyn, 21% 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 Abergynolwyn is £30,000.00.

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

In Abergynolwyn, what is the crime rate?

Within Abergynolwyn, the number of people committing crimes is 6700% 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 6700% figure carefully.

In the city of Abergynolwyn, is there a lot of green space?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Abergynolwyn, the city has 176 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Abergynolwyn.

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

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Abergynolwyn, the percentage of people in the two highest categories, A and B is 13%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £30,000.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (13%).

Are the people in Abergynolwyn earning a lot?

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 Abergynolwyn, this works out to be £30,000.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

A house for sale appropriate to your needs

What parameters impact the final price of a house for sale in Abergynolwyn?
Here below is our list with the most important ones:

• House for sale affordability – check out the (see house affordability guide)

  on the UK gov website to know more

• House Location – the actual location of a house for sale drastically changes the final price of a property

• Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.

• Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.

• Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.

• Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs

• Do you drive to the office? – If yes, ask about parking. Is it included in the house price?

• Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.

• Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.

In Abergynolwyn, what are the rental yields?

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Abergynolwyn. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Abergynolwyn.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Gwynedd), a regional level (Wales) and finally on the level of the city talked about in this article, Abergynolwyn.

You may also find it useful to compare the data above to the number of properties sold per month Abergynolwyn experiences. This figure for house sales per month is 4. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

Are there more or fewer houses being built in Abergynolwyn?

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 Abergynolwyn that shows the growth in recent years.

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 Abergynolwyn is important.

What is the final sale price of a house in Abergynolwyn?

In Abergynolwyn, the average sale price of a house for sale is in fact £170,568. This is dependent on the 10 year population growth of Abergynolwyn being 3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Abergynolwyn.

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 Abergynolwyn.

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 £1,790. This means if you are just looking out the houses sold in Abergynolwyn in general and didn’t take into consideration the type of build. For example, a new build.

Invest in houses for sale in Abergynolwyn with the right professional advice

Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.

Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.

Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:

• Lender – This practitioner can lend you money to finalise a house purchase
• Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
• Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
• Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
• Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
• Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase

houses for sale in other cities and regions in the UK

If you are looking for a list of cities that are different to the City of Abergynolwyn and in different UK region to Wales. You might want to consider these as alternatives for your next real estate investment:

• guildford in Wales
• carbis-bay in Wales
• boscoppa in Wales
• barbrook in Wales
• wycombe-marsh in Wales

Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.

On average, what is the figure for the asking price of a house for sale in Abergynolwyn?

On average, in Abergynolwyn, the asking price for a house for sale in the area is £221,397.

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 Abergynolwyn. 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.

Average price of houses for sale in Abergynolwyn

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

FAQ (Frequently Asked Questions)

Is it possible to renovate a property in Abergynolwyn?

Amidst the urban landscape of Abergynolwyn, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 2 and on the other hand, there is a planning success rate of 84%. It is also useful to take into consideration the population size of the area (4660).

In Abergynolwyn, how many property sales per month are there?

In the city of Abergynolwyn, there are 4 and in the total for the UK, there are around 1.1 million property sales.

How does the population in a city like Abergynolwyn change annually?

For a comprehensive analysis of Abergynolwyn’s population trends, observe the population fluctuation over a decade, indicated by 3%, and the five-year alteration represented by 2%. Perhaps also look at data from another nearby city too so you can see a comparison.

In the larger vicinity of Abergynolwyn, what is the cost of houses available for sale?

The average cost per square foot for a house in Abergynolwyn is presently £0.

Is purchasing a house in Abergynolwyn considered a costly decision?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Abergynolwyn, this figure stands at £170,568, while the UK average is £286,500.