Blaenwaun can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Blaenwaun.
On top of this, keep reading for detailed information on the demographics of Blaenwaun in Carmarthenshire. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
What kind of demographics does the city of Blaenwaun have?
In the city of Blaenwaun, 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 Blaenwaun 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 Blaenwaun in Wales.
What’s a social grade score and how does it relate to Blaenwaun?
In the city of Blaenwaun 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 Blaenwaun has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 18%.
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 |
What is the education level like in Blaenwaun?
In the city of Blaenwaun, 25% 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 Blaenwaun is £37,300. 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 city of Blaenwaun deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Blaenwaun, currently, 26% 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.
Is the crime rate bad in the city of Blaenwaun?
The crime rate of Blaenwaun must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 36, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (36) is both useful and is recommended to be compared to the average.
How much do people in Blaenwaun 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 (18%). 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 Blaenwaun, this works out to be £37,300. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Is there sufficient green space in Blaenwaun?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Blaenwaun currently has 12.2 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Blaenwaun in this case.
What is the population of Blaenwaun?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Blaenwaun if 5,019 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Blaenwaun such as rental yield or house appreciation.
How has the population size of Blaenwaun adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Blaenwaun by 3%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 3% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Blaenwaun?
In the last decade, the population of Blaenwaun has been adjusted by 4%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
Always consider average rental yield when searching for houses for sale in Blaenwaun
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 Blaenwaun.
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 (Carmarthenshire) as well as the broader region; Wales.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Blaenwaun | no relevant data for this city | no relevant data for this city | no relevant data for this city | 6.0% |
| Carmarthenshire | 4.60% | £781 | 140.00% | 11.56% |
| 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 Blaenwaun 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 Blaenwaun is to invest in. Both in terms of rental yield and capital appreciation.
Are there more or fewer houses being built in Blaenwaun?
Whenever you are thinking about looking for houses for sale in Blaenwaun, 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 | |
|---|---|---|---|
| Blaenwaun growth rate | 12% | 44% | 50% |
As the population of Blaenwaun 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.
In Blaenwaun, what do houses for sale tend to sell for?
As well as looking at the asking price for house for sale in Blaenwaun, 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 Blaenwaun.
Houses for sale, are sold on average in Blaenwaun, after the influence of these factors, at £204,102 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) | £239,597 |
| Aerage sold price (semi-detached) | £140,194 |
| Aerage sold price (terraced) | £132,333 |
| Aerage sold price (flat) | no relevant data for this city |
This table above shows the average sale price for each variation of houses for sale in Blaenwaun.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,700 |
| Aerage sold price/sqft (new build) | £0 |
| Aerage sold price/sqft (old stock) | £1,610 |
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 Blaenwaun is £1,700.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Asking price in Blaenwaun for a house for sale
On average, in Blaenwaun, the asking price for a house for sale in the area is £334,728.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Blaenwaun. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
Table showing the asking prices for houses for sale in Blaenwaun
| 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) | £336,471 |
| Average asking price (4 bed) | no relevant data for this city |
| Average asking price (5 bed) | no relevant data for this city |
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Blaenwaun is £0. This should show you the general prices overall and for individual types of houses too.
Advice from experts on properties for sale in Blaenwaun
Are you considering other cities with houses for sale?
Below are a list of towns with a similar location to Blaenwaun.
Reading these analysis will help you evaluate the different houses for sale currently listed in Wales:
- Beddgelert in Wales
- Carew in Wales
- Coed-Y-Paen in Wales
- Aberaeron in Wales
- Eisingrug 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.
Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.
Below, you can find a list of professionals that come in handy when looking for houses for sale:
- Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
- Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
- Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
- Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
- Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
- Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment
A house for sale appropriate to your needs
What parameters impact the final price of a house for sale in Blaenwaun?
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.
Recent Comments