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A guide on houses for sale in Bancffosfelen

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Wales $ A guide on houses for sale in Bancffosfelen

Whenever looking for a house for sale in the UK or in Bancffosfelen, 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 Bancffosfelen.

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

Asking price in Bancffosfelen for a house for sale

Average price of houses for sale in Bancffosfelen

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £133,077
Average asking price (3 bed) £155,762
Average asking price (4 bed) £297,873
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 Bancffosfelen 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 Bancffosfelen 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 £174,716.

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 Bancffosfelen.

In general, what do houses for sale sell for in Bancffosfelen?

As well as looking at the asking price for house for sale in Bancffosfelen, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Bancffosfelen.

Houses for sale, are sold on average in Bancffosfelen, after the influence of these factors, at £125,874 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 4% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £210,752
Aerage sold price (semi-detached) £125,625
Aerage sold price (terraced) £99,930
Aerage sold price (flat) £98,945

This table above shows the average sale price for each variation of houses for sale in Bancffosfelen.

Housing category Sale price per square foot
Aerage sold price/sqft £1,270
Aerage sold price/sqft (new build) £1,780
Aerage sold price/sqft (old stock) £1,160

This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Bancffosfelen is £1,270.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

In Bancffosfelen, what are the rental yields?

In Bancffosfelen, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in Bancffosfelen, 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
Bancffosfelen growth rate 5% 16% 20%

As the population of Bancffosfelen 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.

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 Bancffosfelen, 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)
Bancffosfelen 5.1% £742 no relevant data for this city 23.0%
Carmarthenshire 4.60% £781 140.00% 11.56%
Wales 4.28% £861 133.18% 14.84%

Assuming that in the future you want to re-sell the house you will eventually purchased in Bancffosfelen you might be interested in the number of sales per month (32) that happen in the local housing market. Comparing this figure for Bancffosfelen with the above table gives you a good understanding of the profitability of the area.

What kind of demographics does the city of Bancffosfelen have?

In the city of Bancffosfelen, 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 Bancffosfelen 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 Bancffosfelen in Wales.

In Bancffosfelen, what is the crime rate?

In Bancffosfelen, for every 1000 people, there is currently a crime rate of 139. 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 (139 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.

What is the population of Bancffosfelen?

The city of Bancffosfelen has a total population of 36,971. 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 Bancffosfelen 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 Bancffosfelen

Over time, in the last five years, the population of the city of Bancffosfelen has changed by 3%. 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 3% 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 Bancffosfelen?

In the last 10 years, there has been a shift in the population of 4%.

Comparing this to the 5 year figure of Bancffosfelen 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.

Do the people of Bancffosfelen get to enjoy green space?

Whether you view green space in Bancffosfelen 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 Bancffosfelen, the number of acres of green space for every 1000 people currently is 25.5 which can be measured against the UK average of 1.7.

In Bancffosfelen, what are the deprivation levels like?

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 Bancffosfelen is 34% 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.

What is the education level like in Bancffosfelen?

Interestingly, the percentage of people who have a degree in the city of Bancffosfelen is 19%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Bancffosfelen is £30,100.

Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.

Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.

However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.

What is the city of Bancffosfelen’s social grade score?

In the city of Bancffosfelen 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 Bancffosfelen has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 13%.

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

Are the people in Bancffosfelen earning a lot?

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 Bancffosfelen. Compare the area’s average household income of £30,100 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 13% for more conclusive data on the affluence of the area.

Get professional help on the houses for sale in Bancffosfelen

A house for sale that is right for you

Many criteria impact the price of houses for sale in Bancffosfelen.
Here below are the most important ones according to Lofti’s expertise:

  • Affordability – (see what house for sale can you afford?)

    A guide from the UK government

  • House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
  • Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
  • Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
  • Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
  • Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
  • Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
  • Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.

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

Other cities you can consider looking for with houses for sale

Below are a list of towns with a similar location to Bancffosfelen.
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.

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