As a landlord, whenever you are looking at houses for sale in Carmarthenshire, you could find varying prices throughout an area like Dre-fach. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Dre-fach to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Dre-fach will be revealed. Keep reading.
What are the asking prices for the houses for sale in the city of Dre-fach?
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 Dre-fach 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 £256,238.
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 Dre-fach.
In the city of Dre-fach, 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|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Dre-fach is £0. This should show you the general prices overall and for individual types of houses too.
In Dre-fach, what do houses for sale tend to sell for?
For the city of Dre-fach, the average price a house sells for is £168,693. This value usually depends on the exact location of the house within Dre-fach as well as other factors like the population growth in Dre-fach which is 1% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£208,615|
|Aerage sold price (semi-detached)||£120,636|
|Aerage sold price (terraced)||£106,219|
|Aerage sold price (flat)||no relevant data for this city|
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Dre-fach.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,340|
|Aerage sold price/sqft (new build)||£0|
|Aerage sold price/sqft (old stock)||£1,330|
Generalising the bottom table, the average value per square foot of a house for sale is £1,340. This value averages all of the types of houses for sale in Dre-fach. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Dre-fach.
What are the demographics like in the city of Dre-fach?
What is the city of Dre-fach’s social grade score?
In the city of Dre-fach, the social grade score of the area is 16%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Dre-fach.
|Social Score||Category||The proportion of the UK population (%)|
|A||Professional, managerial or administrative||4|
|B||Intermediate managerial or professional jobs||23|
|C1||Supervisory, junior managerial or professional jobs||29|
|C2||Skilled manual workers||21|
|D||Semi and unskilled manual workers||15|
|E||State pensioners, casual & lowest grade workers||8|
Located in Carmarthenshire is the city of Dre-fach, in a large part of the UK; Wales. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Dre-fach has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Dre-fach which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
What’s the crime rate in Dre-fach?
For every one thousand people living in Dre-fach, 45 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 45 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.
What is the education level like in Dre-fach?
Interestingly, the percentage of people who have a degree in the city of Dre-fach is 21%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Dre-fach is £35,300.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
What salary does the community in Dre-fach 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 Dre-fach. Compare the area’s average household income of £35,300 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 16% for more conclusive data on the affluence of the area.
How deprived is the population of Dre-fach?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 28% for Dre-fach should give you a nice idea of the deprivation in the area.
Have the people of Dre-fach grown in numbers?
In total, the number of people in Dre-fach is 3,098. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Dre-fach, depending on where exactly you are.
How has Dre-fach changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Dre-fach has changed by 1%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 1% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Dre-fach?
1% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Dre-fach have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
Is there sufficient green space in Dre-fach?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Dre-fach, 5.7 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Dre-fach.
Always consider average rental yield when searching for houses for sale in Dre-fach
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 Dre-fach to Carmarthenshire and the broader suburb of the UK; Wales.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Dre-fach||no relevant data for this city||no relevant data for this city||no relevant data for this city||6.0%|
Let’s assume you want to sell the house you’re looking to buy in Dre-fach for profit in the future, in this case, looking at the data for the number of houses sold per month in Dre-fach would give you an idea of whether the area is actively getting new investors. This figure is 2.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Dre-fach. 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.
In Dre-fach, how has the number of houses changed?
The growth of an area like Dre-fach can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
|1 year||3 years||5 years|
|Dre-fach growth rate||18%||49%||53%|
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Dre-fach if you want to find out the exact reasons for the housing change.
Professional advice for houses for sale in Dre-fach
houses for sale in other cities in the UK
We have prepared a list of cities in Wales, the same UK region of Dre-fach that can help you evaluate the different houses for sale listed in the region:
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
Finding the ideal house for sale for you
Many criteria impact the price of houses for sale in Dre-fach.
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.
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.