What is it like buying a house in Eglwys Fach?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Wales $ What is it like buying a house in Eglwys Fach?

Eglwys Fach 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 Eglwys Fach.

On top of this, keep reading for detailed information on the demographics of Eglwys Fach in Ceredigion. 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.

Asking price in Eglwys Fach for a house for sale

Average asking prices for houses for sale in Eglwys Fach

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £171,598
Average asking price (3 bed) £250,136
Average asking price (4 bed) no relevant data for this city
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 Eglwys Fach is the right area to buy a house in for you.

On average, in Eglwys Fach, the asking price for a house for sale in the area is £217,192.

The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Eglwys Fach. From a 1 bedroom house up to a 5 bedroom house.

As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.

In Eglwys Fach, what do houses for sale tend to sell for?

In Eglwys Fach, the average sale price of a house for sale is in fact £174,731. This is dependent on the 10 year population growth of Eglwys Fach being 1%. Growing populations are more likely to inflate the prices of houses for sale in the city of Eglwys Fach.

Housing category Total final sale price
Aerage sold price (detached) £241,304
Aerage sold price (semi-detached) £151,706
Aerage sold price (terraced) £127,905
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 Eglwys Fach.

Housing category Sale price per square foot
Aerage sold price/sqft £1,720
Aerage sold price/sqft (new build) £0
Aerage sold price/sqft (old stock) £1,640

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 £1,720. This means if you are just looking out the houses sold in Eglwys Fach in general and didn’t take into consideration the type of build. For example, a new build.

How are rental yields of the houses for sale different to the rest of the UK in Eglwys 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 Eglwys Fach to Ceredigion and the broader suburb of the UK; Wales.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Eglwys Fach no relevant data for this city no relevant data for this city no relevant data for this city 7.0%
Ceredigion 3.30% £736 140.00% 10.80%
Wales 4.28% £861 133.18% 14.84%

Let’s assume you want to sell the house you’re looking to buy in Eglwys Fach for profit in the future, in this case, looking at the data for the number of houses sold per month in Eglwys Fach would give you an idea of whether the area is actively getting new investors. This figure is 4.

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

Are there new houses being built in Eglwys Fach to make it grow?

Before committing to Eglwys Fach to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Eglwys Fach growth rate 7% 20% 40%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Eglwys Fach is building housing to find your answer.

What are the demographics like in the city of Eglwys Fach?

What’s a social grade score and how does it relate to Eglwys Fach?

In the city of Eglwys Fach, the social grade score of the area is 21%. 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 Eglwys 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

In the city of Eglwys Fach, has the population grown or shrunk?

The city of Eglwys Fach has a total population of 6,913. 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 Eglwys Fach 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 Eglwys Fach

Over time, in the last five years, the population of the city of Eglwys Fach has changed by 1%. 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 1% 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 Eglwys Fach?

In the last 10 years, there has been a shift in the population of 1%.

Comparing this to the 5 year figure of Eglwys Fach 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.

What salary does the community in Eglwys Fach 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 Eglwys Fach, the average income is £35,400. 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 21% to decide on what the demographics are like in the area.

In Eglwys Fach, how educated are people in general?

In Eglwys Fach, the proportion of people who have a degree is 31%. 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 Eglwys Fach is £35,400.

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.

Is the crime rate bad in the city of Eglwys Fach?

In Eglwys Fach, for every 1000 people, there is currently a crime rate of 59. 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 (59 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.

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

Whether you view green space in Eglwys Fach as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.

In Eglwys Fach, the number of acres of green space for every 1000 people currently is 107.4 which can be measured against the UK average of 1.7.

Are the deprivation levels of the UK any different to Eglwys Fach?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Eglwys Fach, in particular, the deprivation levels are 25%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

In the city of Eglwys Fach, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Ceredigion for example.

These demographics for Eglwys Fach may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Eglwys Fach in Wales.