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All you need to know – houses for sale in Fairbourne

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Wales $ All you need to know – houses for sale in Fairbourne

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Fairbourne might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Gwynedd.
Before looking for a house for sale in the city of Fairbourne we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Fairbourne.

Who can help you buy a house for sale in Fairbourne?

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.

Choose the right house for sale that suits your needs

What parameters impact the final price of a house for sale in Fairbourne?
Here below is our list with the most important ones:

  • House for sale affordability – check out the (see house affordability guide)

    on the UK gov website to know more

  • House Location – the actual location of a house for sale drastically changes the final price of a property

  • Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.

  • Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.

  • Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.

  • Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs

  • Do you drive to the office? – If yes, ask about parking. Is it included in the house price?

  • Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.

  • Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.

What are the asking prices for the houses for sale in the city of Fairbourne?

In the city of Fairbourne, 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

After looking at this table about prices of houses for sale in Fairbourne, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more holistic understanding.

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Fairbourne is £167,886.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Fairbourne is useful when negotiating and knowing what to expect for every type of house for sale.

Why you should consider the average rental yield when searching for houses for sale in Fairbourne

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

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 Fairbourne at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Fairbourne growth rate no relevant data for this city no relevant data for this city no relevant data for this city

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 Fairbourne 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 Fairbourne.

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Fairbourne, currently, £0 people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area and how much you can charge for rent in your ast (assured tenancy shorthold).

House for sale in a different UK region

If you are looking for similar places to buy a house that are just like Fairbourne, examine this short list of cities below from outside of the region of Wales for some inspiration.

If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.

Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.

In Fairbourne, what are the demographics like?

For the city of Fairbourne, what is the education level?

Interestingly, the percentage of people who have a degree in the city of Fairbourne is 19%. 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 Fairbourne is £30,000.00.

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.

The city of Fairbourne, 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 Fairbourne 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 Fairbourne. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Is the crime rate bad in the city of Fairbourne?

For the city of Fairbourne, crime rate is at 6400%. So for every 1000 people in the area, 6400% commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

How much are those living in Fairbourne earning?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£30,000.00 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 15% for Fairbourne.

Is the city of Fairbourne deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Fairbourne, currently, £0 people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

In the city of Fairbourne, 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 Fairbourne, the city has 27 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 Fairbourne.

What does the population of Fairbourne look like?

In total, the number of people in Fairbourne is 724. 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 Fairbourne, depending on where exactly you are.

How has Fairbourne 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 Fairbourne has changed by 2%. 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 2% 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 Fairbourne?

3% 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 Fairbourne 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.

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

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 Fairbourne, the percentage of people in the two highest categories, A and B is 15%. 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 £30,000.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (15%).

What is the final sale price of a house in Fairbourne?

As well as looking at the asking price for house for sale in Fairbourne, 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 Fairbourne.

Houses for sale, are sold on average in Fairbourne, after the influence of these factors, at £117,685 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) £140,019
Aerage sold price (semi-detached) £93,143
Aerage sold price (terraced) no relevant data for this city
Aerage sold price (flat) no relevant data for this city

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

Housing category Sale price per square foot
Aerage sold price/sqft £1,590
Aerage sold price/sqft (new build) £0
Aerage sold price/sqft (old stock) £1,510

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 Fairbourne is £1,590.

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

Frequently Asked Questions (FAQ)

Do properties in Fairbourne offer renovation potential?

If planning permissions are abundant in the vicinity of Fairbourne, it may look promising for landlords looking to renovate. With nan getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 724. A comparative analysis against other locations across the UK will lend you a good perspective of this data.

What’s the number of property sales each month in Fairbourne?

The city of Fairbourne sees around 4 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.

What’s the annual population shift in a city such as Fairbourne?

For a comprehensive analysis of Fairbourne’s population trends, observe the population fluctuation over a decade, indicated by 3%, and the five-year alteration represented by 2%. Perhaps also look at data from another nearby city too so you can see a comparison.

prices for houses on sale in the broader vicinity of Fairbourne?

In Fairbourne, the mean asking price per square foot for a house is currently £0, based on the average value per square foot

Is purchasing a house in Fairbourne considered a costly decision?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Fairbourne, this figure stands at £117,685, while the UK average is £286,500.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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