Whenever looking for a house for sale in the UK or in Bylchau, it is vital you look at the market trends and house price fluctuations in the wider area of Conwy 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 Bylchau.
In this article, we will be looking at the city of Bylchau in detail so you know how to navigate the area and have a better understanding on where to invest.
What kind of demographics does the city of Bylchau have?
How much do people in Bylchau earn?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£40,600 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 20% for Bylchau.
What is the education level like in Bylchau?
In the city of Bylchau, 30% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Bylchau is £40,600.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What’s crime like in Bylchau?
For every one thousand people living in Bylchau, 92 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 92 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.
Is the city of Bylchau 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 Bylchau 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.
Located in Conwy is the city of Bylchau, in a large part of the UK; Wales. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Bylchau has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Bylchau which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
In the city of Bylchau, is there a lot of green space?
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 Bylchau currently has no relevant data for this city 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 Bylchau in this case.
What is the population of Bylchau?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Bylchau is 15,840.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Bylchau.
In Bylchau, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 2%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Bylchau is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (2%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Bylchau population difference over 10 years?
The population has adjusted in the area of Bylchau by 3% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Bylchau.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
What is the social grade score of Bylchau?
In the city of Bylchau 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 Bylchau has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 20%.
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 Bylchau, what is the asking price in general for a house for sale?
Average asking prices for houses for sale in Bylchau
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £153,272 |
| Average asking price (3 bed) | £239,029 |
| Average asking price (4 bed) | £390,132 |
| Average asking price (5 bed) | no relevant data for this city |
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 Bylchau has a lack of supply of housing in certain categories.
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 Bylchau is £245,800.
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 Bylchau is useful when negotiating and knowing what to expect for every type of house for sale.
Always consider average rental yield when searching for houses for sale in Bylchau
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Bylchau, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Wales. As well as Conwy, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bylchau | no relevant data for this city | no relevant data for this city | no relevant data for this city | 14.0% |
| Conwy | 5.40% | £942 | 140.00% | 12.62% |
| Wales | 4.28% | £861 | 133.18% | 14.84% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Bylchau you might be interested in the number of sales per month (12) that happen in the local housing market. Comparing this figure for Bylchau with the above table gives you a good understanding of the profitability of the area.
What is the growth in the housing market of Bylchau?
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 Bylchau that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Bylchau growth rate | -4% | 13% | 16% |
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 Bylchau is important.
In general, what do houses for sale sell for in Bylchau?
For the city of Bylchau, the average price a house sells for is £184,296. This value usually depends on the exact location of the house within Bylchau as well as other factors like the population growth in Bylchau which is 3% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £243,730 |
| Aerage sold price (semi-detached) | £151,306 |
| Aerage sold price (terraced) | £110,835 |
| 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 Bylchau.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,870 |
| Aerage sold price/sqft (new build) | £2,100 |
| Aerage sold price/sqft (old stock) | £1,770 |
Generalising the bottom table, the average value per square foot of a house for sale is £1,870. This value averages all of the types of houses for sale in Bylchau. 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 Bylchau.
Get professional help on the houses for sale in Bylchau
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.
Finding the ideal house for sale for you
Many criteria impact the price of houses for sale in Bylchau.
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.
houses for sale in other cities in the UK
Examine this short list of cities belonging to Wales, the same region where Bylchau is located.
- Ammanford in Wales
- Blaenllechau in Wales
- Birchgrove in Wales
- Abercanaid in Wales
- Llysfaen in Wales
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.
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