Capel Dewi can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Capel Dewi.
On top of this, keep reading for detailed information on the demographics of Capel Dewi in Carmarthenshire. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
In Capel Dewi, what are the demographics like?
What is the population of Capel Dewi?
Population growth in Capel Dewi 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 Capel Dewi, 11,416 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 Capel Dewi 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 Capel Dewi, this change has been -1%. 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 -1%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Capel Dewi?
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 -2% in Capel Dewi.
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 salary does the community in Capel Dewi take home?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Capel Dewi. Compare the area’s average household income of £35,600 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 16% for more conclusive data on the affluence of the area.
How educated are the people in Capel Dewi?
In Capel Dewi, the proportion of people who have a degree is 26%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Capel Dewi is £35,600.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
What’s the crime rate in Capel Dewi?
The crime rate of Capel Dewi must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 46, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (46) is both useful and is recommended to be compared to the average.
In the city of Capel Dewi, how much green space remains for residents?
Whether you view green space in Capel Dewi 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 Capel Dewi, the number of acres of green space for every 1000 people currently is 8.6 which can be measured against the UK average of 1.7.
Capel Dewi within Carmarthenshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Capel Dewi 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 Capel Dewi.
Are the people of Capel Dewi deprived?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Capel Dewi, in particular, the deprivation levels are 26%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
What is the city of Capel Dewi’s social grade score?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Capel Dewi compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Capel Dewi, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 16%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
| 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 |
Why you should consider the average rental yield when searching for houses for sale in Capel Dewi
Is the housing market in Capel Dewi growing?
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 Capel Dewi that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Capel Dewi growth rate | -1% | 13% | 28% |
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 Capel Dewi 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 Capel Dewi.
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 (Carmarthenshire) as well as the broader region; Wales.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Capel Dewi | no relevant data for this city | no relevant data for this city | no relevant data for this city | 7.0% |
| Carmarthenshire | 4.60% | £781 | 140.00% | 11.56% |
| 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 Capel Dewi which is 7 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 Capel Dewi is to invest in. Both in terms of rental yield and capital appreciation.
What is the final sale price of a house in Capel Dewi?
For the city of Capel Dewi, the average price a house sells for is £214,002. This value usually depends on the exact location of the house within Capel Dewi as well as other factors like the population growth in Capel Dewi which is -2% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £233,966 |
| Aerage sold price (semi-detached) | £147,641 |
| Aerage sold price (terraced) | £122,783 |
| 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 Capel Dewi.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,680 |
| Aerage sold price/sqft (new build) | £1,660 |
| Aerage sold price/sqft (old stock) | £1,590 |
Generalising the bottom table, the average value per square foot of a house for sale is £1,680. This value averages all of the types of houses for sale in Capel Dewi. 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 Capel Dewi.
What is the asking price on average of houses for sale in Capel Dewi?
Average price of houses for sale in Capel Dewi
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £249,700 |
| Average asking price (3 bed) | £303,279 |
| Average asking price (4 bed) | £445,657 |
| 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 Capel Dewi is the right area to buy a house in for you.
When speaking about the city of Capel Dewi, £343,742 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 Capel Dewi.
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.
Invest in houses for sale in Capel Dewi with the right professional advice
Other cities you can consider looking for 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 Capel Dewi:
- Graig in Wales
- Eglwys-Fach in Wales
- Cogan in Wales
- Abercych in Wales
- Aberbargoed in Wales
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
Finding the ideal house for sale for you
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 Capel Dewi.
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Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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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.
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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.
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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.
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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.
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Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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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
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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.
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
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