What is it like buying a house in Coed-yr-ynys?

Coed-yr-ynys 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 Coed-yr-ynys.

On top of this, keep reading for detailed information on the demographics of Coed-yr-ynys in Powys. 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.

Always consider average rental yield when searching for houses for sale in Coed-yr-ynys

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 Coed-yr-ynys, 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 Powys, to give a smaller scale area to compare the data to.

Assuming that in the future you want to re-sell the house you will eventually purchased in Coed-yr-ynys you might be interested in the number of sales per month (3) that happen in the local housing market. Comparing this figure for Coed-yr-ynys with the above table gives you a good understanding of the profitability of the area.

Is the housing market in Coed-yr-ynys growing?

Before committing to Coed-yr-ynys to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Coed-yr-ynys is building housing to find your answer.

In Coed-yr-ynys, what is the asking price in general for a house for sale?

Average asking prices for houses for sale in Coed-yr-ynys

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 Coed-yr-ynys is the right area to buy a house in for you.

When speaking about the city of Coed-yr-ynys, £507,331 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 Coed-yr-ynys.

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.

In Coed-yr-ynys, what do houses for sale tend to sell for?

In Coed-yr-ynys, houses for sale are sold at an average of £313,488. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Coed-yr-ynys. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

As you can see above, for Coed-yr-ynys, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 0% where lots of movement may inflate or deflate house prices.

Looking at the second table about Coed-yr-ynys, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Coed-yr-ynys is £2,710.

What are the people like in Coed-yr-ynys?

In the city of Coed-yr-ynys, has the population grown or shrunk?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Coed-yr-ynys if 5,344 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Coed-yr-ynys such as rental yield or house appreciation.

How has the population size of Coed-yr-ynys adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Coed-yr-ynys by 0%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 0% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Coed-yr-ynys?

In the last decade, the population of Coed-yr-ynys has been adjusted by 0%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

In the city of Coed-yr-ynys, 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 Powys for example.

These demographics for Coed-yr-ynys 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 Coed-yr-ynys in Wales.

Is the crime rate bad in the city of Coed-yr-ynys?

For every one thousand people living in Coed-yr-ynys, 43 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 43 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.

In Coed-yr-ynys, how educated are people in general?

In the city of Coed-yr-ynys, 41% 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 Coed-yr-ynys is £46,200. 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.

Are the deprivation levels of the UK any different to Coed-yr-ynys?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Coed-yr-ynys, currently, 18% people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

What is the social grade score of Coed-yr-ynys?

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 Coed-yr-ynys in grades A or B which are the highest skilled roles in the country is 31%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £46,200 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 31%.

In the city of Coed-yr-ynys, is there a lot of green space?

Whether you view green space in Coed-yr-ynys 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 Coed-yr-ynys, the number of acres of green space for every 1000 people currently is 13.1 which can be measured against the UK average of 1.7.

How much do people in Coed-yr-ynys earn?

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 (31%). 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 Coed-yr-ynys, this works out to be £46,200. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

Invest in houses for sale in Coed-yr-ynys with the right professional advice

House for sale in the same UK region

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 Coed-yr-ynys:

• Aberdulais in Wales
• Llandudno in Wales
• Coed-Yr-Ynys in Wales
• Llandegla in Wales
• Bwlch-Y-Sarnau in Wales

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

A house for sale that is right 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 Coed-yr-ynys.

• 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.

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.