A guide on houses for sale in Broadlay

by | Nov 15, 2022

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As a landlord, whenever you are looking at houses for sale in Carmarthenshire, you could find varying prices throughout an area like Broadlay. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Broadlay to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Broadlay will be revealed. Keep reading.

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

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Broadlay. In Broadlay, this sale price works out to be £154,032. As an example, a factor like population growth over the last 10 years which works out to be 4% in Broadlay and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £205,066
Average sold price (semi-detached) £124,400
Average sold price (terraced) £106,769
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 Broadlay. 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 £1,530
Average sold price/sqft (new build) £1,600
Average sold price/sqft (old stock) £1,370

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 Broadlay which is £1,530. 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.

What kind of demographics does the city of Broadlay have?

What is the education level like in Broadlay?

The number of people as a percentage who have been through university and gained a degree is 23%. The ability to buy a home is greatly influenced by the number of people who have degrees. £30,200 is the amount people in Broadlay are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Broadlay, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

In Broadlay, what is the crime rate?

The crime rate of Broadlay 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 54, 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 (54) is both useful and is recommended to be compared to the average.

In Broadlay, what is the social grade score?

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 Broadlay, the percentage of people in the two highest categories, A and B is 15%. 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 £30,200. This income will generally get bigger as the percentage of people in the A and B categories go up too (15%).

How much do people in Broadlay earn?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Broadlay, the average income is £30,200. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 15% to decide on what the demographics are like in the area.

In Broadlay, how has the population changed?

In total, the number of people in Broadlay is 8,976. 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 Broadlay, depending on where exactly you are.

How has Broadlay 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 Broadlay has changed by 3%. 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 3% 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 Broadlay?

4% 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 Broadlay 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.

Broadlay within Carmarthenshire is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Broadlay will be looked at by comparing it to the local region, as well as comparing it to the wider region too (Wales). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.

This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Broadlay.

In the city of Broadlay, how much green space remains for residents?

Whether you view green space in Broadlay 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 Broadlay, the number of acres of green space for every 1000 people currently is 40.9 which can be measured against the UK average of 1.7.

In Broadlay, what are the deprivation levels like?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Broadlay is 34%.

In Broadlay, what is the asking price in general for a house for sale?

The average asking price for the houses for sale in the city of Broadlay

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £153,764
Average asking price (3 bed) £215,782
Average asking price (4 bed) £329,029
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 Broadlay is the right area to buy a house in for you.

When investors make offers for houses for sale in Broadlay, the average price asked by the homeowners works out to be £248,269.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Broadlay is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

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

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 Broadlay to Carmarthenshire and the broader suburb of the UK; Wales.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Broadlay no relevant data for this city no relevant data for this city no relevant data for this city 11.0%
Carmarthenshire 4.60% £781 140.00% 11.56%
Wales 4.28% £861 133.18% 14.84%

Let’s assume you want to sell the house you’re looking to buy in Broadlay for profit in the future, in this case, looking at the data for the number of houses sold per month in Broadlay would give you an idea of whether the area is actively getting new investors. This figure is 8.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Broadlay. 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.

Is the housing market in Broadlay growing?

Before committing to Broadlay to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Broadlay growth rate 15% 34% 47%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Broadlay is building housing to find your answer.

Advice from experts on properties for sale in Broadlay

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

Invest in a house for sale that meets your demands

Many criteria impact the price of houses for sale in Broadlay.
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.

Thinking about other cities with houses for sale?

You can assess the various houses for sale offered in the area by consulting this list of cities in Wales, the same UK region as Broadlay:

You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK