Whenever looking for a house for sale in the UK or in Brynmill, it is vital you look at the market trends and house price fluctuations in the wider area of Swansea 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 Brynmill.
In this article, we will be looking at the city of Brynmill in detail so you know how to navigate the area and have a better understanding on where to invest.
In Brynmill, what are the demographics like?
How much are those living in Brynmill earning?
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 (28%). 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 Brynmill, this works out to be £48,000.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Do the people of Brynmill get to enjoy green space?
In the city of Brynmill, there are 33 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 Brynmill is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Is the city of Brynmill deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Brynmill, currently, £0 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.
In Brynmill, what is the social grade score?
In the city of Brynmill 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 Brynmill has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 28%.
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 Brynmill, what is the crime rate?
For every one thousand people living in Brynmill, 6400% commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 6400% is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
Brynmill in the county of Swansea is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Brynmill is located in; Wales.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Brynmill, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
For the city of Brynmill, what is the education level?
Interestingly, the percentage of people who have a degree in the city of Brynmill is 26%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Brynmill is £48,000.00.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
What does the population of Brynmill look like?
Population growth in Brynmill is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Brynmill, 38542 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Brynmill in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Brynmill, this change has been 2%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 2%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Brynmill?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 4% in Brynmill.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
What’s the rental yield in general for the city of Brynmill?
Is the housing market in Brynmill growing?
Before committing to Brynmill 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|
|Brynmill growth rate||10%||22%||34%|
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 Brynmill is building housing to find your answer.
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Brynmill this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (Wales) alongside Swansea then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Brynmill.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Brynmill.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (19) will be useful.
In general, what do houses for sale sell for in Brynmill?
In Brynmill, the average sale price of a house for sale is in fact £212,508. This is dependent on the 10 year population growth of Brynmill being 4%. Growing populations are more likely to inflate the prices of houses for sale in the city of Brynmill.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£289,497|
|Aerage sold price (semi-detached)||£189,605|
|Aerage sold price (terraced)||£166,331|
|Aerage sold price (flat)||£129,455|
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Brynmill.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,040|
|Aerage sold price/sqft (new build)||£2,430|
|Aerage sold price/sqft (old stock)||£1,920|
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £2,040. This means if you are just looking out the houses sold in Brynmill in general and didn’t take into consideration the type of build. For example, a new build.
Invest in a house for sale that meets your demands
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Brynmill
affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
Invest in houses for sale in Brynmill with the right professional advice
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
What is the asking price on average of houses for sale in Brynmill?
The average asking price for the houses for sale in the city of Brynmill
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£181,843|
|Average asking price (3 bed)||£257,050|
|Average asking price (4 bed)||£373,322|
|Average asking price (5 bed)||£457,500|
After looking at this table about prices of houses for sale in Brynmill, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more holistic understanding.
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Brynmill is £276,098.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Brynmill is useful when negotiating and knowing what to expect for every type of house for sale.
Other cities in different locations you can consider to buy property
If you are looking for similar places to buy a house that are just like Brynmill, examine this short list of cities below from outside of the region of Wales for some inspiration.
- aberdeen in Wales
- bridgwater in Wales
- attercliffe in Wales
- barkestone-le-vale in Wales
- beaumont-leys in Wales
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
If you are a landlord, should you renovate a property in the city of Brynmill?
Every single month in Brynmill, there are 19 planning applications, of which 78% result in a success. Look at this in terms of the population size of 38542 to work out if you think you’d have good planning success if you were to renovate.
What’s the number of property sales each month in Brynmill?
Brynmill boasts a monthly total of 19 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link
In a city like Brynmill, what’s the yearly fluctuation in population?
When evaluating the population trajectory of Brynmill, explore the decade-spanning population shift of 4% and the five-year modification of population of 2%. By drawing comparisons, see if demographic changes in your chosen area is
What is the asking price for houses for sale in the wider region of Brynmill?
The average cost per square foot for a house in Brynmill is presently £0.
Does opting for a house for sale in Brynmill come with a hefty price tag?
To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Brynmill this number is £212,508 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house