Whenever looking for a house for sale in the UK or in Carew, it is vital you look at the market trends and house price fluctuations in the wider area of Pembrokeshire 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 Carew.
In this article, we will be looking at the city of Carew in detail so you know how to navigate the area and have a better understanding on where to invest.
Always consider average rental yield when searching for houses for sale in Carew
Are there new houses being built in Carew to make it grow?
Whenever you are thinking about looking for houses for sale in Carew, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Carew growth rate||9%||25%||31%|
As the population of Carew grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
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 Carew.
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 (Pembrokeshire) as well as the broader region; Wales.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Carew||no relevant data for this city||no relevant data for this city||no relevant data for this city||9.0%|
|Pembrokeshire||no relevant data for this city||no relevant data for this city||no relevant data for this city||11.92%|
Also, you can compare other data to the table above such as the number of houses sold per month in Carew which is 10 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 Carew is to invest in. Both in terms of rental yield and capital appreciation.
Are there any important statistics about the population of Carew?
In Carew, what is the social grade score?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.
The number of people in Carew in grades A or B which are the highest skilled roles in the country is 18%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £39,500 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 18%.
In Carew, how has the population changed?
The city of Carew has a total population of 9,523. 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 Carew 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 Carew
Over time, in the last five years, the population of the city of Carew has changed by 3%. 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 3% 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 Carew?
In the last 10 years, there has been a shift in the population of 4%.
Comparing this to the 5 year figure of Carew 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 Carew important when buying a house?
The number of people as a percentage who have been through university and gained a degree is 26%. The ability to buy a home is greatly influenced by the number of people who have degrees. £39,500 is the amount people in Carew are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Carew, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
Is there sufficient green space in Carew?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Carew, the city has 42.8 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Carew.
How much do people in Carew earn?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £39,500.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Carew this figure is 18%.
In the city of Carew, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Pembrokeshire for example.
These demographics for Carew may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Carew in Wales.
Are the people of Carew 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 Carew, 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’s the crime rate in Carew?
Within Carew, the number of people committing crimes is 98 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 98 figure carefully.
What is the final sale price of a house in Carew?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Carew. In Carew, this sale price works out to be £247,216. As an example, a factor like population growth over the last 10 years which works out to be 4% in Carew and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£308,047|
|Average sold price (semi-detached)||£186,697|
|Average sold price (terraced)||£225,105|
|Average sold price (flat)||£194,006|
Above, the exact type of house is also shown to vary in price in a table in Carew. 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||£2,290|
|Average sold price/sqft (new build)||£2,420|
|Average sold price/sqft (old stock)||£2,210|
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 Carew which is £2,290. 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.
On average, what is the figure for the asking price of a house for sale in Carew?
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 Carew is £353,618.
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 Carew is useful when negotiating and knowing what to expect for every type of house for sale.
The average asking price for the houses for sale in the city of Carew
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£276,807|
|Average asking price (3 bed)||£336,834|
|Average asking price (4 bed)||£481,872|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Carew, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 wholistic understanding.
Advice from experts on properties for sale in Carew
Thinking about other cities with houses for sale?
We have prepared a list of cities in Wales, the same UK region of Carew that can help you evaluate the different houses for sale listed in the region:
- Bethlehem in Wales
- Caersws in Wales
- Barry-Island in Wales
- Adforton in Wales
- Aberdesach in Wales
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
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
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 Carew.
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.