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.
Professional advice for houses for sale in Eglwys Fach
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
Choose the right house for sale that suits your needs
Many criteria impact the price of houses for sale in Eglwys Fach.
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.
Thinking about other cities with houses for sale?
We have prepared a list of cities in Wales, the same UK region of Eglwys Fach that can help you evaluate the different houses for sale listed in the region:
- Pentlepoir in Wales
- Fairbourne in Wales
- Blaencwm in Wales
- Borth in Wales
- Boverton in Wales
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
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