What is it like buying a house in Pembrey?

by | Nov 15, 2022

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

Pembrey can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Pembrey.

On top of this, keep reading for detailed information on the demographics of Pembrey in Carmarthenshire. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

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

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

Houses for sale, are sold on average in Pembrey, after the influence of these factors, at £154,029 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 4% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £209,588
Aerage sold price (semi-detached) £125,579
Aerage sold price (terraced) £111,305
Aerage sold price (flat) £92,818

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

Housing category Sale price per square foot
Aerage sold price/sqft £1,480
Aerage sold price/sqft (new build) £1,640
Aerage sold price/sqft (old stock) £1,400

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 Pembrey is £1,480.

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 are the demographics like in the city of Pembrey?

In Pembrey, what are the deprivation levels like?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Pembrey, currently, 32% 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.

Have the people of Pembrey grown in numbers?

The city of Pembrey has a total population of 8,620. 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 Pembrey 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 Pembrey

Over time, in the last five years, the population of the city of Pembrey has changed by 3%. 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 3% 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 Pembrey?

In the last 10 years, there has been a shift in the population of 4%.

Comparing this to the 5 year figure of Pembrey 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.

How much do people in Pembrey earn?

As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (15%). All in all, the area becomes a more desirable place to live in.

This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Pembrey, this works out to be £32,400. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

In Pembrey, what is the crime rate?

In Pembrey, for every 1000 people, there is currently a crime rate of 82. 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 (82 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.

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

In the below headings, the city of Pembrey 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 Pembrey. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Is there sufficient green space in Pembrey?

Whether you view green space in Pembrey as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.

In Pembrey, the number of acres of green space for every 1000 people currently is 102.4 which can be measured against the UK average of 1.7.

In Pembrey, what is the social grade score?

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 Pembrey, 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 £32,400. This income will generally get bigger as the percentage of people in the A and B categories go up too (15%).

What is the education level like in Pembrey?

In the city of Pembrey, 22% 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 Pembrey is £32,400. 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 are rental yields of the houses for sale different to the rest of the UK in Pembrey?

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Pembrey, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Wales. As well as Carmarthenshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Pembrey no relevant data for this city no relevant data for this city no relevant data for this city 15.0%
Carmarthenshire 4.60% £781 140.00% 11.56%
Wales 4.28% £861 133.18% 14.84%

Assuming that in the future you want to re-sell the house you will eventually purchased in Pembrey you might be interested in the number of sales per month (6) that happen in the local housing market. Comparing this figure for Pembrey with the above table gives you a good understanding of the profitability of the area.

Is the housing market in Pembrey growing?

The growth of an area like Pembrey 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
Pembrey growth rate 6% 24% 40%

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 Pembrey if you want to find out the exact reasons for the housing change.

In Pembrey, what is the asking price in general for a house for sale?

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 Pembrey 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 £221,905.

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 Pembrey.

Table showing the asking prices for houses for sale in Pembrey

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) £189,430
Average asking price (4 bed) no relevant data for this city
Average asking price (5 bed) no relevant data for this city

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