Cogan – What to look for in houses for sale?

by | Nov 15, 2022

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

Cogan 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 Cogan.

On top of this, keep reading for detailed information on the demographics of Cogan in Glamorgan. 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.

What’s the rental yield in general for the city of Cogan?

What is the growth in the housing market of Cogan?

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 Cogan that shows the growth in recent years.

1 year 3 years 5 years
Cogan growth rate 9% 26% 31%

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 Cogan is important.

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Cogan. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Cogan.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Glamorgan), a regional level (Wales) and finally on the level of the city talked about in this article, Cogan.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Cogan 3.3% £1,056 140% 16.0%
Glamorgan 4.57% £1,036 139.50% 18.25%
Wales 4.28% £861 133.18% 14.84%

You may also find it useful to compare the data above to the number of properties sold per month Cogan experiences. This figure for house sales per month is 35. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

What kind of demographics does the city of Cogan have?

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

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 Cogan currently has 19.1 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 Cogan in this case.

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

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Cogan, the percentage of people in the two highest categories, A and B is 32%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £47,900. This income will generally get bigger as the percentage of people in the A and B categories go up too (32%).

Is the city of Cogan 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 Cogan is 20% 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.

Is the crime rate bad in the city of Cogan?

For every one thousand people living in Cogan, 65 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 65 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 the city of Cogan, has the population grown or shrunk?

The city of Cogan has a total population of 36,347. 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 Cogan 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 Cogan

Over time, in the last five years, the population of the city of Cogan 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 Cogan?

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

Comparing this to the 5 year figure of Cogan 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.

The city of Cogan, situated in Glamorgan, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Cogan and its demographics will be compared to its wider location (Wales). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Cogan. So, taking a good look at the data is essential to understand the area you are considering to buy in.

How much are those living in Cogan earning?

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 £47,900.

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 Cogan this figure is 32%.

How educated are the people in Cogan?

In Cogan, the proportion of people who have a degree is 37%. 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 Cogan is £47,900.

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.

In Cogan, what do houses for sale tend to sell for?

As well as looking at the asking price for house for sale in Cogan, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Cogan.

Houses for sale, are sold on average in Cogan, after the influence of these factors, at £298,031 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 7% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £446,530
Aerage sold price (semi-detached) £288,971
Aerage sold price (terraced) £267,407
Aerage sold price (flat) £168,964

This table above shows the average sale price for each variation of houses for sale in Cogan.

Housing category Sale price per square foot
Aerage sold price/sqft £2,920
Aerage sold price/sqft (new build) £3,020
Aerage sold price/sqft (old stock) £2,780

This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Cogan is £2,920.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

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

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Cogan determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £385,524.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Cogan.

Average asking prices for houses for sale in Cogan

Average asking price (1 bed) £181,027
Average asking price (2 bed) £255,478
Average asking price (3 bed) £381,403
Average asking price (4 bed) £565,918
Average asking price (5 bed) £811,765

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 Cogan is the right area to buy a house in for you.