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How much does a house for sale cost in Ebbw Vale?

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 Ebbw Vale?

As a landlord, whenever you are looking at houses for sale in Blaenau Gwent, you could find varying prices throughout an area like Ebbw Vale. 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 Ebbw Vale 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 Ebbw Vale will be revealed. Keep reading.

In general, what do houses for sale sell for in Ebbw Vale?

In Ebbw Vale, the average sale price of a house for sale is in fact £112,998. This is dependent on the 10 year population growth of Ebbw Vale being 0%. Growing populations are more likely to inflate the prices of houses for sale in the city of Ebbw Vale.

Housing category Total final sale price
Aerage sold price (detached) £204,624
Aerage sold price (semi-detached) £132,147
Aerage sold price (terraced) £85,591
Aerage sold price (flat) £54,680

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 Ebbw Vale.

Housing category Sale price per square foot
Aerage sold price/sqft £1,170
Aerage sold price/sqft (new build) £1,690
Aerage sold price/sqft (old stock) £1,100

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 £1,170. This means if you are just looking out the houses sold in Ebbw Vale in general and didn’t take into consideration the type of build. For example, a new build.

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

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 Ebbw Vale to Blaenau Gwent and the broader suburb of the UK; Wales.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Ebbw Vale 5.0% £650 no relevant data for this city 14.0%
Blaenau Gwent 5.00% £650 no relevant data for this city 14.00%
Wales 4.28% £861 133.18% 14.84%

Let’s assume you want to sell the house you’re looking to buy in Ebbw Vale for profit in the future, in this case, looking at the data for the number of houses sold per month in Ebbw Vale would give you an idea of whether the area is actively getting new investors. This figure is 21.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Ebbw Vale. 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.

Are there more or fewer houses being built in Ebbw Vale?

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 Ebbw Vale at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Ebbw Vale growth rate 3% 23% 37%

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 Ebbw Vale 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 Ebbw Vale.

What is the asking price on average of houses for sale in Ebbw Vale?

Average price of houses for sale in Ebbw Vale

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £125,186
Average asking price (3 bed) £151,892
Average asking price (4 bed) £249,043
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 Ebbw Vale is £0. This should show you the general prices overall and for individual types of houses too.

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 Ebbw Vale 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 £157,088.

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 Ebbw Vale.

What are the demographics like in the city of Ebbw Vale?

What does the population of Ebbw Vale look like?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Ebbw Vale if 33,356 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 Ebbw Vale such as rental yield or house appreciation.

How has the population size of Ebbw Vale adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Ebbw Vale by 1%. 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 1% 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 Ebbw Vale?

In the last decade, the population of Ebbw Vale 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.

Located in Blaenau Gwent is the city of Ebbw Vale, 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 Ebbw Vale 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 Ebbw Vale 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.

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

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 Ebbw Vale, 10.8 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 Ebbw Vale.

How deprived is the population of Ebbw Vale?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Ebbw Vale is 39%.

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

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 Ebbw Vale, the percentage of people in the two highest categories, A and B is 10%. 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 £28,500. This income will generally get bigger as the percentage of people in the A and B categories go up too (10%).

In Ebbw Vale, what is the crime rate?

In Ebbw Vale, for every 1000 people, there is currently a crime rate of 112. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (112 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

What is the education level like in Ebbw Vale?

The number of people as a percentage who have been through university and gained a degree is 15%. The ability to buy a home is greatly influenced by the number of people who have degrees. £28,500 is the amount people in Ebbw Vale are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Ebbw Vale, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

How much do people in Ebbw Vale earn?

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 Ebbw Vale. Compare the area’s average household income of £28,500 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 10% for more conclusive data on the affluence of the area.

Advice from experts on properties for sale in Ebbw Vale

Choose the right house for sale that suits your needs

When browsing houses for sale in Ebbw Vale you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

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

Other cities you can consider looking for with houses for sale

Below are a list of towns with a similar location to Ebbw Vale.
Reading these analysis will help you evaluate the different houses for sale currently listed 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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