As a landlord, whenever you are looking at houses for sale in Powys, you could find varying prices throughout an area like Bwlch-y-sarnau. 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 Bwlch-y-sarnau 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 Bwlch-y-sarnau will be revealed. Keep reading.
In Bwlch-y-sarnau, what is the asking price in general for a house for sale?
On average, in Bwlch-y-sarnau, the asking price for a house for sale in the area is £231,579.
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 Bwlch-y-sarnau. 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 Bwlch-y-sarnau
| 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) | no relevant data for this city |
| Average asking price (4 bed) | no relevant data for this city |
| 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 Bwlch-y-sarnau is the right area to buy a house in for you.
Are there any important statistics about the population of Bwlch-y-sarnau?
How much do people in Bwlch-y-sarnau 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 (15%). 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 Bwlch-y-sarnau, this works out to be £31,700. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Are the people of Bwlch-y-sarnau deprived?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 25% for Bwlch-y-sarnau should give you a nice idea of the deprivation in the area.
What’s crime like in Bwlch-y-sarnau?
For the city of Bwlch-y-sarnau, crime rate is at 89. So for every 1000 people in the area, 89 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.
The city of Bwlch-y-sarnau, situated in Powys, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Bwlch-y-sarnau and its demographics will be compared to its wider location (Wales). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Bwlch-y-sarnau. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Do the people of Bwlch-y-sarnau get to enjoy green space?
In the city of Bwlch-y-sarnau, there are 13.9 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 Bwlch-y-sarnau is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What is a social grade score and how does this relate to Bwlch-y-sarnau?
In the city of Bwlch-y-sarnau, the social grade score of the area is 15%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Bwlch-y-sarnau.
| 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 population of Bwlch-y-sarnau?
The city of Bwlch-y-sarnau has a total population of 2,857. 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 Bwlch-y-sarnau 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 Bwlch-y-sarnau
Over time, in the last five years, the population of the city of Bwlch-y-sarnau has changed by 0%. 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 0% 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 Bwlch-y-sarnau?
In the last 10 years, there has been a shift in the population of 0%.
Comparing this to the 5 year figure of Bwlch-y-sarnau 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 Bwlch-y-sarnau important when buying a house?
In the city of Bwlch-y-sarnau, 21% 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 Bwlch-y-sarnau is £31,700. 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.
Why you should consider the average rental yield when searching for houses for sale in Bwlch-y-sarnau
Are there more or fewer houses being built in Bwlch-y-sarnau?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Bwlch-y-sarnau that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Bwlch-y-sarnau growth rate | 21% | 21% | 52% |
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Bwlch-y-sarnau is important.
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 Bwlch-y-sarnau.
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 (Powys) as well as the broader region; Wales.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bwlch-y-sarnau | no relevant data for this city | no relevant data for this city | no relevant data for this city | 13.0% |
| Powys | 4.70% | £629 | no relevant data for this city | 13.11% |
| 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 Bwlch-y-sarnau which is 2 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 Bwlch-y-sarnau is to invest in. Both in terms of rental yield and capital appreciation.
What is the final sale price of a house in Bwlch-y-sarnau?
For the city of Bwlch-y-sarnau, the average price a house sells for is £186,979. This value usually depends on the exact location of the house within Bwlch-y-sarnau as well as other factors like the population growth in Bwlch-y-sarnau which is 0% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £238,514 |
| Aerage sold price (semi-detached) | £158,025 |
| Aerage sold price (terraced) | £123,957 |
| Aerage sold price (flat) | no relevant data for this city |
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Bwlch-y-sarnau.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,730 |
| Aerage sold price/sqft (new build) | £1,530 |
| Aerage sold price/sqft (old stock) | £1,640 |
Generalising the bottom table, the average value per square foot of a house for sale is £1,730. This value averages all of the types of houses for sale in Bwlch-y-sarnau. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Bwlch-y-sarnau.
Professional advice for houses for sale in Bwlch-y-sarnau
Are you considering other cities with houses for sale?
See here below a list of cities in the same UK region of Bwlch-y-sarnau which is Wales. You might want to consider these as alternatives for your next real estate investment:
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
Invest in a house for sale that meets your demands
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Bwlch-y-sarnau.
-
Affordability – check this article from the UK government to find out (see what house for sale you can afford)
-
Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
-
Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
-
Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
-
EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
-
Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
-
Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
-
Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
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
Recent Comments