Llysfaen – What to look for in houses for sale?

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 Llysfaen, Conwy.

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

What’s the rental yield in general for the city of Llysfaen?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Llysfaen, 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).

In Llysfaen, how has the number of houses changed?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Llysfaen that shows the growth in recent years.

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Llysfaen is important.

houses for sale in other cities and regions in the UK

Below is a list of towns that differ from Llysfaen.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to Wales:

• all-cannings in Wales
• bishopston in Wales
• kemsley in Wales
• annfield-plain in Wales
• basildon in Wales

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

Choose the right house for sale that suits your needs

Many criteria impact the price of houses for sale in Llysfaen.
Here below are the most important ones according to Lofti’s expertise:

• Affordability – (see what house for sale can you afford?)

  A guide from the UK government

• 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.

• 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

• 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

• 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.

• 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

• 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

• 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.

Professional advice for houses for sale in Llysfaen

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

In general, what do houses for sale sell for in Llysfaen?

In Llysfaen, houses for sale are sold at an average of £167,102. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Llysfaen. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

As you can see above, for Llysfaen, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 3% where lots of movement may inflate or deflate house prices.

Looking at the second table about Llysfaen, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Llysfaen is £1,680.

What are the demographics like in the city of Llysfaen?

Do the people of Llysfaen get to enjoy green space?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Llysfaen currently has 8 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Llysfaen in this case.

In the city of Llysfaen, has the population grown or shrunk?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Llysfaen if 20433 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Llysfaen such as rental yield or house appreciation.

How has the population size of Llysfaen adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Llysfaen by 2%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 2% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Llysfaen?

In the last decade, the population of Llysfaen has been adjusted by 3%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

Are the people in Llysfaen earning a lot?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £36,100.00.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Llysfaen this figure is 17%.

Is the education level of Llysfaen important when buying a house?

In Llysfaen, the proportion of people who have a degree is 26%. 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 Llysfaen is £36,100.00.

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.

Are the deprivation levels of the UK any different to Llysfaen?

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 Llysfaen, in particular, the deprivation levels are £0.

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

Llysfaen in the county of Conwy is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Llysfaen is located in; Wales.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Llysfaen, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

What is a social grade score and how does this relate to Llysfaen?

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 Llysfaen in grades A or B which are the highest skilled roles in the country is 17%.

Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £36,100.00 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 17%.

Is the crime rate bad in the city of Llysfaen?

In Llysfaen, for every 1000 people, there is currently a crime rate of 16200%. 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 (16200% 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.

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

Average prices for the houses for sale in Llysfaen

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Llysfaen is £0. This should show you the general prices overall and for individual types of houses too.

When investors make offers for houses for sale in Llysfaen, the average price asked by the homeowners works out to be £221,056.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Llysfaen is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

Frequently Asked Questions

Do properties in Llysfaen have the potential for renovation?

Every single month in Llysfaen, there are 5 planning applications, of which nan result in a success. Look at this in terms of the population size of 20433 to work out if you think you’d have good planning success if you were to renovate.

What is the monthly count of property transactions in Llysfaen?

In the city of Llysfaen, there are 18 and in the total for the UK, there are around 1.1 million property sales.

In a city like Llysfaen, what’s the yearly fluctuation in population?

Calculating the evolution of Llysfaen’s population requires an examination of the population transformation over a decade, amounting to 3%, and the five-year adjustment at 2%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby

How much are houses for sale priced at in the extended region of Llysfaen?

The current average price per square foot for a house in Llysfaen stands at £0, considering the mean cost for each square foot of houses for sale there.

Is purchasing a house in Llysfaen considered a costly decision?

Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Llysfaen, this stands at £167,102, whereas the UK’s mean is £286,500.