Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Blaencwm, Rhondda Cynon Taff.
From the average asking price of houses for sale in Blaencwm to the growth of the population in the area, all will be talked about regarding the city of Blaencwm. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In general, what do houses for sale sell for in Blaencwm?
For the city of Blaencwm, the average price a house sells for is £90,791. This value usually depends on the exact location of the house within Blaencwm as well as other factors like the population growth in Blaencwm which is 3% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£214,408|
|Aerage sold price (semi-detached)||£119,748|
|Aerage sold price (terraced)||£77,595|
|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 Blaencwm.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£950|
|Aerage sold price/sqft (new build)||£0|
|Aerage sold price/sqft (old stock)||£880|
Generalising the bottom table, the average value per square foot of a house for sale is £950. This value averages all of the types of houses for sale in Blaencwm. 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 Blaencwm.
Asking price in Blaencwm for a house for sale
The average asking price for the houses for sale in the city of Blaencwm
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£102,419|
|Average asking price (3 bed)||£139,625|
|Average asking price (4 bed)||£188,943|
|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 Blaencwm 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 Blaencwm 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 £129,837.
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 Blaencwm.
How are rental yields of the houses for sale different to the rest of the UK in Blaencwm?
What is the growth in the housing market of Blaencwm?
Whenever you are thinking about looking for houses for sale in Blaencwm, 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|
|Blaencwm growth rate||23%||62%||95%|
As the population of Blaencwm 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 Blaencwm, 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 Rhondda Cynon Taff, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Blaencwm||no relevant data for this city||no relevant data for this city||no relevant data for this city||13.0%|
|Rhondda Cynon Taff||5.10%||£783||no relevant data for this city||20.11%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Blaencwm you might be interested in the number of sales per month (10) that happen in the local housing market. Comparing this figure for Blaencwm with the above table gives you a good understanding of the profitability of the area.
What are the people like in Blaencwm?
The city of Blaencwm, situated in Rhondda Cynon Taff, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Blaencwm and its demographics will be compared to its wider location (Wales). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Blaencwm. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In Blaencwm, what is the crime rate?
In Blaencwm, for every 1000 people, there is currently a crime rate of 84. 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 (84 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.
How much do people in Blaencwm 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 Blaencwm, this works out to be £26,900. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
What does the population of Blaencwm 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 Blaencwm is 13,423.
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 Blaencwm.
In Blaencwm, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 2%. 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 Blaencwm 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 (2%) 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.
Blaencwm population difference over 10 years?
The population has adjusted in the area of Blaencwm by 3% 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 Blaencwm.
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 Blaencwm?
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 Blaencwm, the percentage of people in the two highest categories, A and B is 10%. 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 £26,900. This income will generally get bigger as the percentage of people in the A and B categories go up too (10%).
Is the city of Blaencwm deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Blaencwm, currently, 41% 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.
For the city of Blaencwm, what is the education level?
In the city of Blaencwm, 15% 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 Blaencwm is £26,900. 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.
Do the people of Blaencwm get to enjoy green space?
In the city of Blaencwm, there are 6.4 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 Blaencwm is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.