Bryn-y-maen 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 Bryn-y-maen 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 Bryn-y-maen.
In general, what do houses for sale sell for in Bryn-y-maen?
As well as looking at the asking price for house for sale in Bryn-y-maen, 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 Bryn-y-maen.
Houses for sale, are sold on average in Bryn-y-maen, after the influence of these factors, at £201,594 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 3% over the last 10 years.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £264,626 |
| Aerage sold price (semi-detached) | £174,798 |
| Aerage sold price (terraced) | £137,116 |
| Aerage sold price (flat) | £147,952 |
This table above shows the average sale price for each variation of houses for sale in Bryn-y-maen.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,980 |
| Aerage sold price/sqft (new build) | £2,400 |
| Aerage sold price/sqft (old stock) | £1,900 |
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 Bryn-y-maen is £1,980.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
In Bryn-y-maen, what are the rental yields?
Is the housing market in Bryn-y-maen growing?
The growth of an area like Bryn-y-maen 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 | |
|---|---|---|---|
| Bryn-y-maen growth rate | -4% | 13% | 21% |
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 Bryn-y-maen if you want to find out the exact reasons for the housing change.
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Bryn-y-maen. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Bryn-y-maen.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Conwy), a regional level (Wales) and finally on the level of the city talked about in this article, Bryn-y-maen.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bryn-y-maen | no relevant data for this city | no relevant data for this city | no relevant data for this city | 16.0% |
| Conwy | 5.40% | £942 | 140.00% | 12.62% |
| Wales | 4.28% | £861 | 133.18% | 14.84% |
You may also find it useful to compare the data above to the number of properties sold per month Bryn-y-maen experiences. This figure for house sales per month is 14. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
On average, what is the figure for the asking price of a house for sale in Bryn-y-maen?
The average asking price for the houses for sale in the city of Bryn-y-maen
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £184,474 |
| Average asking price (3 bed) | £255,816 |
| Average asking price (4 bed) | £413,661 |
| 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 Bryn-y-maen is £0. This should show you the general prices overall and for individual types of houses too.
On average, in Bryn-y-maen, the asking price for a house for sale in the area is £257,965.
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 Bryn-y-maen. 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.
What are the demographics like in the city of Bryn-y-maen?
What’s a social grade score and how does it relate to Bryn-y-maen?
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 Bryn-y-maen in grades A or B which are the highest skilled roles in the country is 23%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £36,700 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 23%.
Is the crime rate bad in the city of Bryn-y-maen?
In Bryn-y-maen, for every 1000 people, there is currently a crime rate of 95. 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 (95 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.
What is the population of Bryn-y-maen?
The city of Bryn-y-maen has a total population of 14,145. 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 Bryn-y-maen 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 Bryn-y-maen
Over time, in the last five years, the population of the city of Bryn-y-maen 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 Bryn-y-maen?
In the last 10 years, there has been a shift in the population of 3%.
Comparing this to the 5 year figure of Bryn-y-maen 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.
Is the education level of Bryn-y-maen important when buying a house?
In Bryn-y-maen, the proportion of people who have a degree is 29%. 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 Bryn-y-maen is £36,700.
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 the city of Bryn-y-maen, how much green space remains for residents?
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 Bryn-y-maen currently has 11.4 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 Bryn-y-maen in this case.
Are the people in Bryn-y-maen earning a lot?
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 Bryn-y-maen, the average income is £36,700. 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 23% to decide on what the demographics are like in the area.
In the city of Bryn-y-maen, 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 Bryn-y-maen 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 Bryn-y-maen in Wales.
Are the people of Bryn-y-maen deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bryn-y-maen, currently, 23% 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.
Get professional help on the houses for sale in Bryn-y-maen
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.
Invest in a house for sale that meets your demands
What parameters impact the final price of a house for sale in Bryn-y-maen?
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.
Thinking about other cities with houses for sale?
Below are a list of towns with a similar location to Bryn-y-maen.
Reading these analysis will help you evaluate the different houses for sale currently listed in Wales:
- Bethlehem in Wales
- Crosslanes in Wales
- Cwmbelan in Wales
- Borth in Wales
- Llandegla 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.
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