As a landlord, whenever you are looking at houses for sale in Conwy, you could find varying prices throughout an area like Llysfaen. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Llysfaen to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Llysfaen will be revealed. Keep reading.
What are the demographics like in the city of Llysfaen?
In the city of Llysfaen, 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 Conwy for example.
These demographics for Llysfaen 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 Llysfaen in Wales.
Have the people of Llysfaen grown in numbers?
Population growth in Llysfaen 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 Llysfaen, 20,433 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 Llysfaen 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 Llysfaen, 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 Llysfaen?
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 Llysfaen.
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.
In the city of Llysfaen, how much green space remains for residents?
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 8.3 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.
For the city of Llysfaen, what is the education level?
The number of people as a percentage who have been through university and gained a degree is 26%. The ability to buy a home is greatly influenced by the number of people who have degrees. £36,100 is the amount people in Llysfaen are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Llysfaen, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
In Llysfaen, what is the crime rate?
In Llysfaen, for every 1000 people, there is currently a crime rate of 162. 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 (162 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 is the social grade score of Llysfaen?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Llysfaen compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Llysfaen, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 17%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
| 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 |
Is the city of Llysfaen deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Llysfaen, currently, 27% 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.
What salary does the community in Llysfaen take home?
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.
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%.
In Llysfaen, what do houses for sale tend to sell for?
For the city of Llysfaen, the average price a house sells for is £167,102. This value usually depends on the exact location of the house within Llysfaen as well as other factors like the population growth in Llysfaen which is 3% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £253,016 |
| Aerage sold price (semi-detached) | £158,950 |
| Aerage sold price (terraced) | £117,724 |
| Aerage sold price (flat) | £79,519 |
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Llysfaen.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,680 |
| Aerage sold price/sqft (new build) | £2,200 |
| Aerage sold price/sqft (old stock) | £1,570 |
Generalising the bottom table, the average value per square foot of a house for sale is £1,680. This value averages all of the types of houses for sale in Llysfaen. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Llysfaen.
In Llysfaen, what is the asking price in general for a house for sale?
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.
Average asking prices for houses for sale in Llysfaen
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £145,723 |
| Average asking price (3 bed) | £216,324 |
| Average asking price (4 bed) | £396,524 |
| Average asking price (5 bed) | £481,241 |
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Llysfaen has a lack of supply of housing in certain categories.
In Llysfaen, what are the rental yields?
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 Llysfaen to Conwy and the broader suburb of the UK; Wales.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Llysfaen | no relevant data for this city | no relevant data for this city | no relevant data for this city | 10.0% |
| Conwy | 5.40% | £942 | 140.00% | 12.62% |
| Wales | 4.28% | £861 | 133.18% | 14.84% |
Let’s assume you want to sell the house you’re looking to buy in Llysfaen for profit in the future, in this case, looking at the data for the number of houses sold per month in Llysfaen would give you an idea of whether the area is actively getting new investors. This figure is 15.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Llysfaen. 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 Llysfaen to make it grow?
The growth of an area like Llysfaen can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Llysfaen growth rate | -8% | 11% | 15% |
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Llysfaen if you want to find out the exact reasons for the housing change.
Who can help you buy a house for sale in Llysfaen?
Invest in a house for sale that meets your demands
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Llysfaen
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affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
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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.
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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.
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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.
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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.
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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
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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?
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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.
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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.
Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.
Below, you can find a list of professionals that come in handy when looking for houses for sale:
- Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
- Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
- Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
- Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
- Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
- Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment
House for sale in the same UK region
See here below a list of cities in the same UK region of Llysfaen which is Wales. You might want to consider these as alternatives for your next real estate investment:
- Adfa in Wales
- Carew in Wales
- Battlefield in Wales
- Borth in Wales
- Coed-Yr-Ynys in Wales
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
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