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How much will you pay for a house for sale in Betws-y-Coed?

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 Betws-y-Coed?

Betws-y-Coed 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 Conwy.
Before looking for a house for sale in the city of Betws-y-Coed 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 Betws-y-Coed.

Are there any important statistics about the population of Betws-y-Coed?

What does the population of Betws-y-Coed look like?

The city of Betws-y-Coed has a total population of 2,052. 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 Betws-y-Coed 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 Betws-y-Coed

Over time, in the last five years, the population of the city of Betws-y-Coed 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 Betws-y-Coed?

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

Comparing this to the 5 year figure of Betws-y-Coed 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 Betws-y-Coed get to enjoy green space?

Whether you view green space in Betws-y-Coed 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 Betws-y-Coed, the number of acres of green space for every 1000 people currently is 41.3 which can be measured against the UK average of 1.7.

How much do people in Betws-y-Coed 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 (22%). 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 Betws-y-Coed, this works out to be £33,400. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

In the city of Betws-y-Coed, 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 Conwy for example.

These demographics for Betws-y-Coed 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 Betws-y-Coed in Wales.

In general, do people commit a lot of crime in Betws-y-Coed?

In Betws-y-Coed, for every 1000 people, there is currently a crime rate of 54. 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 (54 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.

In Betws-y-Coed, what is the social grade score?

In the city of Betws-y-Coed, the social grade score of the area is 22%. 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 Betws-y-Coed.

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

In Betws-y-Coed, what are the deprivation levels like?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Betws-y-Coed, currently, 22% people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

What is the education level like in Betws-y-Coed?

Interestingly, the percentage of people who have a degree in the city of Betws-y-Coed is 29%. 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 Betws-y-Coed is £33,400.

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.

In Betws-y-Coed, what do houses for sale tend to sell for?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Betws-y-Coed. In Betws-y-Coed, this sale price works out to be £179,709. As an example, a factor like population growth over the last 10 years which works out to be 3% in Betws-y-Coed and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £277,946
Average sold price (semi-detached) £201,150
Average sold price (terraced) £129,614
Average sold price (flat) no relevant data for this city

Above, the exact type of house is also shown to vary in price in a table in Betws-y-Coed. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.

Housing category Sale price per square foot
Average sold price/sqft £2,090
Average sold price/sqft (new build) £0
Average sold price/sqft (old stock) £1,940

In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Betws-y-Coed which is £2,090. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.

On average, what is the figure for the asking price of a house for sale in Betws-y-Coed?

In the city of Betws-y-Coed, what is the average asking price for the houses for sale?

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) no relevant data for this city
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

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 Betws-y-Coed is the right area to buy a house in for you.

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 Betws-y-Coed 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 £323,781.

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 Betws-y-Coed.

Always consider average rental yield when searching for houses for sale in Betws-y-Coed

Are there more or fewer houses being built in Betws-y-Coed?

The growth of an area like Betws-y-Coed 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
Betws-y-Coed growth rate no relevant data for this city no relevant data for this city no relevant data for this city

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 Betws-y-Coed if you want to find out the exact reasons for the housing change.

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 Betws-y-Coed.

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 (Conwy) as well as the broader region; Wales.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Betws-y-Coed no relevant data for this city no relevant data for this city no relevant data for this city 13.0%
Conwy 5.40% £942 140.00% 12.62%
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 Betws-y-Coed which is 3 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 Betws-y-Coed is to invest in. Both in terms of rental yield and capital appreciation.

Get professional help on the houses for sale in Betws-y-Coed

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

A house for sale appropriate to your needs

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Betws-y-Coed

  • affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)

  • Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.

  • Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.

  • Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.

  • EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.

  • Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase

  • Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?

  • Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.

  • Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

House for sale in the same UK region

See here below a list of cities in the same UK region of Betws-y-Coed which is Wales. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.

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