Looking for your next home or investment?

We partner with the best agents to help you find your dream house. We also partner with Strike to help you sell your property if you are moving out

Find your dream property:

See properties for sale

Sell your property with Strike:

Get a free valuation

Our customers trust our expertise

How much does a house for sale cost in Cross Inn?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Wales $ How much does a house for sale cost in Cross Inn?

We help you find the right agent

At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Cross Inn to help you find the perfect agent for you

Download the directory

Cross Inn 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 Cross Inn.

On top of this, keep reading for detailed information on the demographics of Cross Inn in Ceredigion. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.

Why you should consider the average rental yield when searching for houses for sale in Cross Inn

Are there new houses being built in Cross Inn 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 Cross Inn at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Cross Inn growth rate no relevant data for this city no relevant data for this city no relevant data for this city

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 Cross Inn 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 Cross Inn.

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. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.

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 into all the details of Cross Inn.

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 (Ceredigion) as well as the broader region; Wales.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Cross Inn no relevant data for this city no relevant data for this city no relevant data for this city no relevant data for this city
Ceredigion 3.30% £736.00 140.00% 10.80%
Wales 0.04 861.19 £1 14.84%

Also, you can compare other data to the table above such as the number of houses sold per month in Cross Inn which is 2 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 Cross Inn is to invest in. Both in terms of rental yield and capital appreciation.

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

When investors make offers for houses for sale in Cross Inn, the average price asked by the homeowners works out to be £299,604.

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 Cross Inn 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 the city of Cross Inn, what is the average asking price for the houses for sale?

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) no relevant data for this city
Average asking price (3 bed) no relevant data for this city
Average asking price (4 bed) no relevant data for this city
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Cross Inn, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that 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 holistic understanding.

What are the demographics like in the city of Cross Inn?

Cross Inn within Ceredigion is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Cross Inn 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 Cross Inn.

In Cross Inn, how has the population changed?

The city of Cross Inn has a total population of 1642. 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 Cross Inn 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 Cross Inn

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

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

Comparing this to the 5 year figure of Cross Inn 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 city of Cross Inn deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Cross Inn, currently, £0 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.

In Cross Inn, 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 Cross Inn in grades A or B which are the highest skilled roles in the country is 22%.

Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £37,500.00 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 22%.

How educated are the people in Cross Inn?

In Cross Inn, the proportion of people who have a degree is 28%. 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 Cross Inn is £37,500.00.

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 the city of Cross Inn, how much green space remains for residents?

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 Cross Inn, the city has 5 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 Cross Inn.

What salary does the community in Cross Inn take home?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Cross Inn, the average income is £37,500.00. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 22% to decide on what the demographics are like in the area.

In Cross Inn, what is the crime rate?

For the city of Cross Inn, crime rate is at 4900%. So for every 1000 people in the area, 4900% 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.

What is the final sale price of a house in Cross Inn?

In Cross Inn, the average sale price of a house for sale is in fact £250,501. This is dependent on the 10 year population growth of Cross Inn being -3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Cross Inn.

Housing category Total final sale price
Aerage sold price (detached) £254,058
Aerage sold price (semi-detached) £178,318
Aerage sold price (terraced) £256,435
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 Cross Inn.

Housing category Sale price per square foot
Aerage sold price/sqft £2,020
Aerage sold price/sqft (new build) £1,670
Aerage sold price/sqft (old stock) £2,000

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 £2,020. This means if you are just looking out the houses sold in Cross Inn in general and didn’t take into consideration the type of build. For example, a new build.

Advice from experts on properties for sale in Cross Inn

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

Choose the right house for sale that suits your needs

Many criteria impact the price of houses for sale in Cross Inn.
Here below are the most important ones according to Lofti’s expertise:

  • Affordability – (see what house for sale can you afford?)

    A guide from the UK government

  • House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.

  • Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying

  • Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom

  • Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.

  • Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale

  • Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance

  • Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.

Thinking of a different city and perhaps a different location?

We have prepared a list of cities that are entirely dissimilar to the region of Wales, perfect if you are looking for somewhere similar to Cross Inn but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.

FAQ

Do properties in Cross Inn offer renovation potential?

Cross Inn is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 1 each month, attaining a success rate of 88% and a total population of 1642. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

On a monthly basis, how many property transactions take place in Cross Inn?

The city of Cross Inn sees around 2 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.

In a city like Cross Inn, what’s the yearly fluctuation in population?

To work out how the population of Cross Inn has changed over time, you can look at the population change over a decade which is -3% and the change in a five year period two which falls at -2%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population

How much are houses for sale priced at in the extended region of Cross Inn?

The current average price per square foot for a house in Cross Inn stands at £0, considering the mean cost for each square foot of houses for sale there.

Is a house for sale in Cross Inn an expensive choice?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Cross Inn, this figure stands at £250,501, while the UK average is £286,500.

Grab the latest property news, tailored for landlords

Viral, succinct and crucial information, straight to your inbox, every week

donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

0 Comments

Submit a Comment

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