What is it like buying a house in Eisingrug?

by | Nov 15, 2022

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

Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Eisingrug, Gwynedd.

From the average asking price of houses for sale in Eisingrug to the growth of the population in the area, all will be talked about regarding the city of Eisingrug. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

In general, for the city of Eisingrug, what are the final purchase prices for the houses for sale?

As well as looking at the asking price for house for sale in Eisingrug, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Eisingrug.

Houses for sale, are sold on average in Eisingrug, after the influence of these factors, at £212,883 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 3% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £266,491
Aerage sold price (semi-detached) £169,372
Aerage sold price (terraced) £125,708
Aerage sold price (flat) £64,427

This table above shows the average sale price for each variation of houses for sale in Eisingrug.

Housing category Sale price per square foot
Aerage sold price/sqft £2,120
Aerage sold price/sqft (new build) £0
Aerage sold price/sqft (old stock) £2,000

This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Eisingrug is £2,120.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

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

In the city of Eisingrug, 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

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 Eisingrug is the right area to buy a house in for you.

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 Eisingrug 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 £282,448.

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 Eisingrug.

In Eisingrug, what are the rental yields?

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

Before committing to Eisingrug 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
Eisingrug growth rate 1% 24% 49%

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 Eisingrug is building housing to find your answer.

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 Eisingrug to Gwynedd and the broader suburb of the UK; Wales.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Eisingrug no relevant data for this city no relevant data for this city no relevant data for this city 8.0%
Gwynedd no relevant data for this city no relevant data for this city no relevant data for this city 12.00%
Wales 4.28% £861 133.18% 14.84%

Let’s assume you want to sell the house you’re looking to buy in Eisingrug for profit in the future, in this case, looking at the data for the number of houses sold per month in Eisingrug would give you an idea of whether the area is actively getting new investors. This figure is 3.

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

What kind of demographics does the city of Eisingrug have?

The city of Eisingrug, situated in Gwynedd, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Eisingrug and its demographics will be compared to its wider location (Wales). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Eisingrug. So, taking a good look at the data is essential to understand the area you are considering to buy in.

What is the population of Eisingrug?

Population growth in Eisingrug 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 Eisingrug, 1,856 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 Eisingrug 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 Eisingrug, 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 Eisingrug?

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 Eisingrug.

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.

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

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.

The number of people in Eisingrug in grades A or B which are the highest skilled roles in the country is 24%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £34,800 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 24%.

How educated are the people in Eisingrug?

In the city of Eisingrug, 29% 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 Eisingrug is £34,800. 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.

How much do people in Eisingrug 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 Eisingrug. Compare the area’s average household income of £34,800 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 24% for more conclusive data on the affluence of the area.

In general, do people commit a lot of crime in Eisingrug?

The crime rate of Eisingrug must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.

For example, the area has a crime rate of 155, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.

Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.

Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (155) is both useful and is recommended to be compared to the average.

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

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Eisingrug, the city has 101.8 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Eisingrug.

Is the city of Eisingrug deprived?

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 Eisingrug, in particular, the deprivation levels are 23%.

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