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What is it like buying a house in Cadoxton?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Wales $ What is it like buying a house in Cadoxton?

As a landlord, whenever you are looking at houses for sale in Glamorgan, you could find varying prices throughout an area like Cadoxton. 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 Cadoxton 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 Cadoxton will be revealed. Keep reading.

Are there any important statistics about the population of Cadoxton?

Is the crime rate bad in the city of Cadoxton?

In Cadoxton, for every 1000 people, there is currently a crime rate of 145. 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 (145 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.

Cadoxton within Glamorgan is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Cadoxton 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 Cadoxton.

Are the deprivation levels of the UK any different to Cadoxton?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Cadoxton is 33%.

How much green space is available to residents of Cadoxton?

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 Cadoxton currently has 9.1 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 Cadoxton in this case.

Have the people of Cadoxton grown in numbers?

The city of Cadoxton has a total population of 21,733. 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 Cadoxton 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 Cadoxton

Over time, in the last five years, the population of the city of Cadoxton has changed by 6%. 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 6% 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 Cadoxton?

In the last 10 years, there has been a shift in the population of 7%.

Comparing this to the 5 year figure of Cadoxton 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 is the social grade score of Cadoxton?

In the city of Cadoxton, the social grade score of the area is 11%. 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 Cadoxton.

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

Are the people in Cadoxton earning a lot?

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 (11%). 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 Cadoxton, this works out to be £33,800. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

Is the education level of Cadoxton important when buying a house?

In the city of Cadoxton, 17% 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 Cadoxton is £33,800.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

In general, what do houses for sale sell for in Cadoxton?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Cadoxton. In Cadoxton, this sale price works out to be £152,688. As an example, a factor like population growth over the last 10 years which works out to be 7% in Cadoxton and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £257,195
Average sold price (semi-detached) £162,046
Average sold price (terraced) £134,034
Average sold price (flat) £113,677

Above, the exact type of house is also shown to vary in price in a table in Cadoxton. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.

Housing category Sale price per square foot
Average sold price/sqft £1,690
Average sold price/sqft (new build) £2,070
Average sold price/sqft (old stock) £1,580

In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Cadoxton which is £1,690. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.

In Cadoxton, what is the asking price in general for a house for sale?

In the city of Cadoxton, what is the average asking price for the houses for sale?

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £176,792
Average asking price (3 bed) £217,888
Average asking price (4 bed) £359,225
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 Cadoxton has a lack of supply of housing in certain categories.

When speaking about the city of Cadoxton, £210,424 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Cadoxton.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

Why you should consider the average rental yield when searching for houses for sale in Cadoxton

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 Cadoxton to Glamorgan and the broader suburb of the UK; Wales.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Cadoxton 4.9% £867 no relevant data for this city 20.0%
Glamorgan 4.57% £1,036 139.50% 18.25%
Wales 4.28% £861 133.18% 14.84%

Let’s assume you want to sell the house you’re looking to buy in Cadoxton for profit in the future, in this case, looking at the data for the number of houses sold per month in Cadoxton 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 Cadoxton. 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.

Are there new houses being built in Cadoxton to make it grow?

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 Cadoxton that shows the growth in recent years.

1 year 3 years 5 years
Cadoxton growth rate 12% 30% 34%

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 Cadoxton is important.

Invest in houses for sale in Cadoxton with the right professional advice

Choose the right house for sale that suits your needs

When browsing houses for sale in Cadoxton you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • 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.

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

houses for sale in other cities in the UK

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 Cadoxton:

You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK

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