Whenever looking for a house for sale in the UK or in Bryncae, it is vital you look at the market trends and house price fluctuations in the wider area of Rhondda Cynon Taff too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Bryncae.
In this article, we will be looking at the city of Bryncae in detail so you know how to navigate the area and have a better understanding on where to invest.
Always consider average rental yield when searching for houses for sale in Bryncae
What is the growth in the housing market of Bryncae?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Bryncae at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Bryncae growth rate||9%||37%||34%|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Bryncae gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Bryncae.
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 Bryncae to Rhondda Cynon Taff and the broader suburb of the UK; Wales.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Bryncae||3.8%||£890||no relevant data for this city||14.0%|
|Rhondda Cynon Taff||5.10%||£783||no relevant data for this city||20.11%|
Let’s assume you want to sell the house you’re looking to buy in Bryncae for profit in the future, in this case, looking at the data for the number of houses sold per month in Bryncae would give you an idea of whether the area is actively getting new investors. This figure is 20.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Bryncae. 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.
What is the final sale price of a house in Bryncae?
In Bryncae, houses for sale are sold at an average of £210,828. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Bryncae. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£286,543|
|Aerage sold price (semi-detached)||£170,683|
|Aerage sold price (terraced)||£159,975|
|Aerage sold price (flat)||£169,317|
As you can see above, for Bryncae, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 3% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,290|
|Aerage sold price/sqft (new build)||£2,290|
|Aerage sold price/sqft (old stock)||£2,120|
Looking at the second table about Bryncae, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Bryncae is £2,290.
What are the people like in Bryncae?
Is the city of Bryncae deprived?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Bryncae is 22% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
How much do people in Bryncae 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 (25%). 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 Bryncae, this works out to be £35,900. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
In Bryncae, how educated are people in general?
In the city of Bryncae, 32% 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 Bryncae is £35,900. 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.
Bryncae within Rhondda Cynon Taff is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Bryncae 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 Bryncae.
In general, do people commit a lot of crime in Bryncae?
For the city of Bryncae, crime rate is at 68. So for every 1000 people in the area, 68 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
What’s a social grade score and how does it relate to Bryncae?
In the city of Bryncae 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 Bryncae has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 25%.
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|
In the city of Bryncae, is there a lot of green space?
Whether you view green space in Bryncae 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 Bryncae, the number of acres of green space for every 1000 people currently is 19.1 which can be measured against the UK average of 1.7.
What is the population of Bryncae?
The city of Bryncae has a total population of 26,110. 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 Bryncae 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 Bryncae
Over time, in the last five years, the population of the city of Bryncae 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 Bryncae?
In the last 10 years, there has been a shift in the population of 3%.
Comparing this to the 5 year figure of Bryncae 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.
What are the asking prices for the houses for sale in the city of Bryncae?
Average price of houses for sale in Bryncae
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£206,990|
|Average asking price (3 bed)||£258,300|
|Average asking price (4 bed)||£408,012|
|Average asking price (5 bed)||£422,398|
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 Bryncae has a lack of supply of housing in certain categories.
On average, in Bryncae, the asking price for a house for sale in the area is £282,482.
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 Bryncae. 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.
Professional advice for houses for sale in Bryncae
Are you considering 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 Bryncae:
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
A house for sale appropriate to your needs
What parameters impact the final price of a house for sale in Bryncae?
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.
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