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 Prendergast, Pembrokeshire.
From the average asking price of houses for sale in Prendergast to the growth of the population in the area, all will be talked about regarding the city of Prendergast. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What is the asking price on average of houses for sale in Prendergast?
The average asking price for the houses for sale in the city of Prendergast
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£127,494|
|Average asking price (3 bed)||£189,396|
|Average asking price (4 bed)||£285,929|
|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 Prendergast 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.
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 Prendergast 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 £196,934.
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 Prendergast.
Are there any important statistics about the population of Prendergast?
Is the education level of Prendergast important when buying a house?
In the city of Prendergast, 23% 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 Prendergast is £36,400.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
How deprived is the population of Prendergast?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Prendergast, 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.
Prendergast within Pembrokeshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Prendergast will be looked at by comparing it to the local region, as well as comparing it to the wider region too (Wales). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Prendergast.
What’s the crime rate in Prendergast?
In Prendergast, for every 1000 people, there is currently a crime rate of 171. 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 (171 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.
Do the people of Prendergast get to enjoy green space?
In the city of Prendergast, there are 17.0 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Prendergast is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
How much are those living in Prendergast earning?
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 (14%). 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 Prendergast, this works out to be £36,400. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
What is the city of Prendergast’s social grade score?
In the city of Prendergast and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Prendergast has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 14%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
|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|
In Prendergast, how has the population changed?
In total, the number of people in Prendergast is 14,485. 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 Prendergast, depending on where exactly you are.
How has Prendergast 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 Prendergast has changed by 3%. 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 3% 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 Prendergast?
4% 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 Prendergast 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.
In general, what do houses for sale sell for in Prendergast?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Prendergast. In Prendergast, this sale price works out to be £157,231. As an example, a factor like population growth over the last 10 years which works out to be 4% in Prendergast and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£209,839|
|Average sold price (semi-detached)||£135,464|
|Average sold price (terraced)||£122,262|
|Average sold price (flat)||£63,031|
Above, the exact type of house is also shown to vary in price in a table in Prendergast. 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||£1,560|
|Average sold price/sqft (new build)||£2,130|
|Average sold price/sqft (old stock)||£1,480|
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 Prendergast which is £1,560. 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.
What’s the rental yield in general for the city of Prendergast?
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 Prendergast to Pembrokeshire and the broader suburb of the UK; Wales.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Prendergast||no relevant data for this city||no relevant data for this city||no relevant data for this city||15.0%|
|Pembrokeshire||no relevant data for this city||no relevant data for this city||no relevant data for this city||11.92%|
Let’s assume you want to sell the house you’re looking to buy in Prendergast for profit in the future, in this case, looking at the data for the number of houses sold per month in Prendergast would give you an idea of whether the area is actively getting new investors. This figure is 11.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Prendergast. 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 Prendergast 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 Prendergast at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Prendergast growth rate||4%||18%||24%|
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 Prendergast 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 Prendergast.