Gurnos 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 Merthyr Tydfil.
Before looking for a house for sale in the city of Gurnos 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 Gurnos.
In Gurnos, what is the asking price in general for a house for sale?
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 Gurnos is £139,432.
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 Gurnos is useful when negotiating and knowing what to expect for every type of house for sale.
Average asking prices for houses for sale in Gurnos
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£109,020|
|Average asking price (3 bed)||£140,319|
|Average asking price (4 bed)||£329,915|
|Average asking price (5 bed)||no relevant data for this city|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Gurnos and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.
Are there any important statistics about the population of Gurnos?
The city of Gurnos, situated in Merthyr Tydfil, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Gurnos 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 Gurnos. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How much do people in Gurnos 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 Gurnos. Compare the area’s average household income of £31,600 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.
What’s a social grade score and how does it relate to Gurnos?
In the city of Gurnos, the social grade score of the area is 10%. 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 Gurnos.
|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|
What’s the crime rate in Gurnos?
For the city of Gurnos, crime rate is at 151. So for every 1000 people in the area, 151 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.
What does the population of Gurnos look like?
The city of Gurnos has a total population of 21,952. 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 Gurnos 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 Gurnos
Over time, in the last five years, the population of the city of Gurnos has changed by 2%. 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 2% 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 Gurnos?
In the last 10 years, there has been a shift in the population of 3%.
Comparing this to the 5 year figure of Gurnos 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.
Are the deprivation levels of the UK any different to Gurnos?
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 Gurnos is 42%.
Is there sufficient green space in Gurnos?
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 Gurnos, the city has 9.2 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 Gurnos.
What is the education level like in Gurnos?
In the city of Gurnos, 16% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Gurnos is £31,600.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In general, what do houses for sale sell for in Gurnos?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Gurnos. In Gurnos, this sale price works out to be £112,702. As an example, a factor like population growth over the last 10 years which works out to be 3% in Gurnos and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£207,131|
|Average sold price (semi-detached)||£132,761|
|Average sold price (terraced)||£89,176|
|Average sold price (flat)||£67,716|
Above, the exact type of house is also shown to vary in price in a table in Gurnos. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£1,190|
|Average sold price/sqft (new build)||£1,760|
|Average sold price/sqft (old stock)||£1,120|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Gurnos which is £1,190. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
How are rental yields of the houses for sale different to the rest of the UK in Gurnos?
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 Gurnos to Merthyr Tydfil and the broader suburb of the UK; Wales.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Gurnos||6.2%||£717||no relevant data for this city||23.0%|
|Merthyr Tydfil||5.55%||£704||no relevant data for this city||23.50%|
Let’s assume you want to sell the house you’re looking to buy in Gurnos for profit in the future, in this case, looking at the data for the number of houses sold per month in Gurnos would give you an idea of whether the area is actively getting new investors. This figure is 14.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Gurnos. 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.
In Gurnos, how has the number of houses changed?
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 Gurnos at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Gurnos growth rate||15%||33%||25%|
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 Gurnos 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 Gurnos.
Who can help you buy a house for sale in Gurnos?
Are you considering other cities with houses for sale?
Examine this short list of cities belonging to Wales, the same region where Gurnos is located.
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.
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
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Gurnos
affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
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.