A guide on houses for sale in Barmouth

by | Nov 15, 2022

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

Barmouth might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Gwynedd.
Before looking for a house for sale in the city of Barmouth we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Barmouth.

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

If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.

This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.

The table below represents this data and compares Barmouth to Gwynedd and the broader suburb of the UK; Wales.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Barmouth no relevant data for this city no relevant data for this city no relevant data for this city 12.0%
Gwynedd no relevant data for this city no relevant data for this city no relevant data for this city 12.00%
Wales 4.28% £861 133.18% 14.84%

Let’s assume you want to sell the house you’re looking to buy in Barmouth for profit in the future, in this case, looking at the data for the number of houses sold per month in Barmouth would give you an idea of whether the area is actively getting new investors. This figure is 5.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Barmouth. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.

The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.

Are there more or fewer houses being built in Barmouth?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Barmouth at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Barmouth growth rate 10% 20% 41%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Barmouth gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Barmouth.

In Barmouth, what are the demographics like?

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

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 29% for Barmouth should give you a nice idea of the deprivation in the area.

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

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In Barmouth, 3.6 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Barmouth.

In the city of Barmouth, 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 Gwynedd for example.

These demographics for Barmouth 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 Barmouth in Wales.

In general, do people commit a lot of crime in Barmouth?

Within Barmouth, the number of people committing crimes is 107 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 107 figure carefully.

How much do people in Barmouth 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 (10%). 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 Barmouth, this works out to be £30,900. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

In the city of Barmouth, has the population grown or shrunk?

In total, the number of people in Barmouth is 2,545. 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 Barmouth, depending on where exactly you are.

How has Barmouth 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 Barmouth 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 Barmouth?

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 Barmouth 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.

What is the social grade score of Barmouth?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.

The number of people in Barmouth in grades A or B which are the highest skilled roles in the country is 10%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £30,900 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 10%.

In Barmouth, how educated are people in general?

In Barmouth, the proportion of people who have a degree is 18%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Barmouth is £30,900.

This figure for average household income usually goes up alongside the percentage of people who have degrees.

However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.

Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.

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

In Barmouth, the average sale price of a house for sale is in fact £168,284. This is dependent on the 10 year population growth of Barmouth being 3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Barmouth.

Housing category Total final sale price
Aerage sold price (detached) £348,104
Aerage sold price (semi-detached) £180,857
Aerage sold price (terraced) £156,906
Aerage sold price (flat) £104,616

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 Barmouth.

Housing category Sale price per square foot
Aerage sold price/sqft £1,510
Aerage sold price/sqft (new build) £0
Aerage sold price/sqft (old stock) £1,520

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 £1,510. This means if you are just looking out the houses sold in Barmouth in general and didn’t take into consideration the type of build. For example, a new build.

What are the asking prices for the houses for sale in the city of Barmouth?

When speaking about the city of Barmouth, £234,326 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Barmouth.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

Average asking prices for houses for sale in Barmouth

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £187,690
Average asking price (3 bed) no relevant data for this city
Average asking price (4 bed) no relevant data for this city
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 Barmouth 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.