Whenever looking for a house for sale in the UK or in Ammanford, 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 Ammanford.
In this article, we will be looking at the city of Ammanford in detail so you know how to navigate the area and have a better understanding on where to invest.
What are the demographics like in the city of Ammanford?
Is there sufficient green space in Ammanford?
In the city of Ammanford, there are 15.8 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 Ammanford is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What does the population of Ammanford look like?
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 Ammanford is 29,740.
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 Ammanford.
In Ammanford, 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 Ammanford 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.
Ammanford population difference over 10 years?
The population has adjusted in the area of Ammanford 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 Ammanford.
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.
What is the social grade score of Ammanford?
In the city of Ammanford, the social grade score of the area is 16%. 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 Ammanford.
| 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 is the education level like in Ammanford?
In the city of Ammanford, 21% 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 Ammanford is £31,800. 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.
Is the crime rate bad in the city of Ammanford?
For the city of Ammanford, crime rate is at 82. So for every 1000 people in the area, 82 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.
What salary does the community in Ammanford take home?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Ammanford, the average income is £31,800. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 16% to decide on what the demographics are like in the area.
Located in Carmarthenshire is the city of Ammanford, in a large part of the UK; Wales. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Ammanford has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Ammanford which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
Are the deprivation levels of the UK any different to Ammanford?
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 Ammanford is 33%.
On average, what is the figure for the asking price of a house for sale in Ammanford?
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Ammanford is £218,795.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Ammanford is useful when negotiating and knowing what to expect for every type of house for sale.
Average asking prices for houses for sale in Ammanford
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £154,446 |
| Average asking price (3 bed) | £196,504 |
| Average asking price (4 bed) | £286,242 |
| Average asking price (5 bed) | no relevant data for this city |
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Ammanford and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.
What is the final sale price of a house in Ammanford?
For the city of Ammanford, the average price a house sells for is £147,152. This value usually depends on the exact location of the house within Ammanford as well as other factors like the population growth in Ammanford which is 4% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £198,325 |
| Aerage sold price (semi-detached) | £120,725 |
| Aerage sold price (terraced) | £97,972 |
| 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 Ammanford.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,360 |
| Aerage sold price/sqft (new build) | £1,580 |
| Aerage sold price/sqft (old stock) | £1,280 |
Generalising the bottom table, the average value per square foot of a house for sale is £1,360. This value averages all of the types of houses for sale in Ammanford. 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 Ammanford.
How are rental yields of the houses for sale different to the rest of the UK in Ammanford?
Are there more or fewer houses being built in Ammanford?
Before committing to Ammanford 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 | |
|---|---|---|---|
| Ammanford growth rate | 8% | 31% | 42% |
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 Ammanford is building housing to find your answer.
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 Ammanford. 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 Ammanford.
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 (Carmarthenshire), a regional level (Wales) and finally on the level of the city talked about in this article, Ammanford.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Ammanford | no relevant data for this city | no relevant data for this city | no relevant data for this city | 11.0% |
| Carmarthenshire | 4.60% | £781 | 140.00% | 11.56% |
| Wales | 4.28% | £861 | 133.18% | 14.84% |
You may also find it useful to compare the data above to the number of properties sold per month Ammanford experiences. This figure for house sales per month is 21. 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.
Invest in houses for sale in Ammanford with the right professional advice
Finding the ideal house for sale for you
What parameters impact the final price of a house for sale in Ammanford?
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.
Thinking about other cities with houses for sale?
Below are a list of towns with a similar location to Ammanford.
Reading these analysis will help you evaluate the different houses for sale currently listed in Wales:
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
Recent Comments