fbpx

Clydach Vale – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Wales $ Clydach Vale – What to look for in houses for sale?

Clydach Vale might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Rhondda Cynon Taff.
Before looking for a house for sale in the city of Clydach Vale we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Clydach Vale.

Are there any important statistics about the population of Clydach Vale?

What is a social grade score and how does this relate to Clydach Vale?

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 Clydach Vale in grades A or B which are the highest skilled roles in the country is 8%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £25,700 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 8%.

Is the crime rate bad in the city of Clydach Vale?

For the city of Clydach Vale, crime rate is at 110. So for every 1000 people in the area, 110 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.

Clydach Vale within Rhondda Cynon Taff is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Clydach Vale 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 Clydach Vale.

In the city of Clydach Vale, is there a lot of green space?

In the city of Clydach Vale, there are 13.5 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 Clydach Vale is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

Is the city of Clydach Vale 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 Clydach Vale is 43% 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.

What salary does the community in Clydach Vale 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 Clydach Vale. Compare the area’s average household income of £25,700 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 8% for more conclusive data on the affluence of the area.

For the city of Clydach Vale, what is the education level?

In the city of Clydach Vale, 13% 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 Clydach Vale is £25,700. 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.

Have the people of Clydach Vale grown in numbers?

The city of Clydach Vale has a total population of 20,540. 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 Clydach Vale 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 Clydach Vale

Over time, in the last five years, the population of the city of Clydach Vale has changed by 2%. 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 2% 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 Clydach Vale?

In the last 10 years, there has been a shift in the population of 3%.

Comparing this to the 5 year figure of Clydach Vale 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.

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

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

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Clydach Vale at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Clydach Vale growth rate 7% 39% 53%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Clydach Vale gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Clydach Vale.

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 Clydach Vale to Rhondda Cynon Taff and the broader suburb of the UK; Wales.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Clydach Vale no relevant data for this city no relevant data for this city no relevant data for this city 21.0%
Rhondda Cynon Taff 5.10% £783 no relevant data for this city 20.11%
Wales 4.28% £861 133.18% 14.84%

Let’s assume you want to sell the house you’re looking to buy in Clydach Vale for profit in the future, in this case, looking at the data for the number of houses sold per month in Clydach Vale would give you an idea of whether the area is actively getting new investors. This figure is 21.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Clydach Vale. 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.

Asking price in Clydach Vale for a house for sale

The average asking price for the houses for sale in the city of Clydach Vale

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £94,030
Average asking price (3 bed) £123,594
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 Clydach Vale is the right area to buy a house in for you.

When investors make offers for houses for sale in Clydach Vale, the average price asked by the homeowners works out to be £118,800.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Clydach Vale is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

In general, for the city of Clydach Vale, what are the final purchase prices for the houses for sale?

In Clydach Vale, the average sale price of a house for sale is in fact £95,061. This is dependent on the 10 year population growth of Clydach Vale being 3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Clydach Vale.

Housing category Total final sale price
Aerage sold price (detached) £195,154
Aerage sold price (semi-detached) £115,833
Aerage sold price (terraced) £81,643
Aerage sold price (flat) no relevant data for this city

The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Clydach Vale.

Housing category Sale price per square foot
Aerage sold price/sqft £1,050
Aerage sold price/sqft (new build) £0
Aerage sold price/sqft (old stock) £960

Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.

On average, the cost of a house for sale per square foot works out to be £1,050. This means if you are just looking out the houses sold in Clydach Vale in general and didn’t take into consideration the type of build. For example, a new build.

Professional advice for houses for sale in Clydach Vale

Are you considering other cities 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 Clydach Vale:

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

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

A house for sale that is right for you

When browsing houses for sale in Clydach Vale 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.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *