Whenever looking for a house for sale in the UK or in Cwmbach, it is vital you look at the market trends and house price fluctuations in the wider area of Powys 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 Cwmbach.
In this article, we will be looking at the city of Cwmbach in detail so you know how to navigate the area and have a better understanding on where to invest.
In general, for the city of Cwmbach, what are the final purchase prices for the houses for sale?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Cwmbach. In Cwmbach, this sale price works out to be £115,924. As an example, a factor like population growth over the last 10 years which works out to be 3% in Cwmbach and impacts house prices of the houses for sale.
| Housing category | Total final sale price |
|---|---|
| Average sold price (detached) | £215,269 |
| Average sold price (semi-detached) | £129,691 |
| Average sold price (terraced) | £83,821 |
| Average sold price (flat) | £51,883 |
Above, the exact type of house is also shown to vary in price in a table in Cwmbach. 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 | £1,210 |
| Average sold price/sqft (new build) | £1,850 |
| Average sold price/sqft (old stock) | £1,110 |
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 Cwmbach which is £1,210. 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.
In Cwmbach, what are the demographics like?
What’s a social grade score and how does it relate to Cwmbach?
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 Cwmbach, the percentage of people in the two highest categories, A and B is 14%. 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 £29,000. This income will generally get bigger as the percentage of people in the A and B categories go up too (14%).
In general, do people commit a lot of crime in Cwmbach?
Within Cwmbach, the number of people committing crimes is 124 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 124 figure carefully.
Is the city of Cwmbach 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 Cwmbach is 37% 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.
In Cwmbach, how educated are people in general?
In the city of Cwmbach, 19% 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 Cwmbach is £29,000. 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.
Cwmbach within Powys is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Cwmbach 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 Cwmbach.
How much green space is available to residents of Cwmbach?
In the city of Cwmbach, there are 24.2 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 Cwmbach is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
How much are those living in Cwmbach earning?
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 Cwmbach, the average income is £29,000. 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 14% to decide on what the demographics are like in the area.
In Cwmbach, how has the population changed?
Population growth in Cwmbach is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Cwmbach, 39,183 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Cwmbach in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Cwmbach, this change has been 2%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 2%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Cwmbach?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 3% in Cwmbach.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
Asking price in Cwmbach for a house for sale
Average price of houses for sale in Cwmbach
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £104,400 |
| Average asking price (3 bed) | £157,071 |
| Average asking price (4 bed) | £280,442 |
| 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 Cwmbach is the right area to buy a house in for you.
When speaking about the city of Cwmbach, £159,855 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 Cwmbach.
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.
Why you should consider the average rental yield when searching for houses for sale in Cwmbach
Is the housing market in Cwmbach growing?
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 Cwmbach at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Cwmbach growth rate | 8% | 24% | 41% |
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 Cwmbach 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 Cwmbach.
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 Cwmbach, 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.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Cwmbach | 4.7% | £629 | no relevant data for this city | 25.0% |
| Powys | 4.70% | £629 | no relevant data for this city | 13.11% |
| Wales | 4.28% | £861 | 133.18% | 14.84% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Cwmbach you might be interested in the number of sales per month (35) that happen in the local housing market. Comparing this figure for Cwmbach with the above table gives you a good understanding of the profitability of the area.
Advice from experts on properties for sale in Cwmbach
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
Many criteria impact the price of houses for sale in Cwmbach.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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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.
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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
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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
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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.
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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
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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
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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.
houses for sale in other cities in the UK
Below are a list of towns with a similar location to Cwmbach.
Reading these analysis will help you evaluate the different houses for sale currently listed in Wales:
- Coed-Y-Paen in Wales
- Aberaeron in Wales
- Alltwen in Wales
- Clase in Wales
- Fforest in Wales
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
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