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Tal-y-bont – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Wales $ Tal-y-bont – 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 Tal-y-bont, Conwy.

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

In general, for the city of Tal-y-bont, what are the final purchase prices for the houses for sale?

As well as looking at the asking price for house for sale in Tal-y-bont, 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 Tal-y-bont.

Houses for sale, are sold on average in Tal-y-bont, after the influence of these factors, at £174,191 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 3% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £225,596
Aerage sold price (semi-detached) £172,947
Aerage sold price (terraced) £120,907
Aerage sold price (flat) £99,988

This table above shows the average sale price for each variation of houses for sale in Tal-y-bont.

Housing category Sale price per square foot
Aerage sold price/sqft £2,100
Aerage sold price/sqft (new build) £1,120
Aerage sold price/sqft (old stock) £1,945

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 Tal-y-bont is £2,100.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

Why you should consider the average rental yield when searching for houses for sale in Tal-y-bont

The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.

Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Tal-y-bont.

The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Conwy) as well as the broader region; Wales.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Tal-y-bont 5.4% £942 140% 15.0%
Conwy 5.40% £942 140.00% 12.62%
Wales 4.28% £861 133.18% 14.84%

Also, you can compare other data to the table above such as the number of houses sold per month in Tal-y-bont which is 20 and get a better understanding of the housing market.

This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Tal-y-bont is to invest in. Both in terms of rental yield and capital appreciation.

Are there more or fewer houses being built in Tal-y-bont?

Before committing to Tal-y-bont to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Tal-y-bont growth rate 1% 1% 10%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Tal-y-bont is building housing to find your answer.

On average, what is the figure for the asking price of a house for sale in Tal-y-bont?

When speaking about the city of Tal-y-bont, £167,388 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Tal-y-bont.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

The average asking price for the houses for sale in the city of Tal-y-bont

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £143,055
Average asking price (3 bed) £216,082
Average asking price (4 bed) £285,924
Average asking price (5 bed) £248,996

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Tal-y-bont is the right area to buy a house in for you.

Are there any important statistics about the population of Tal-y-bont?

Are the people of Tal-y-bont deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Tal-y-bont, currently, 25% 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.

In the city of Tal-y-bont, has the population grown or shrunk?

The city of Tal-y-bont has a total population of 28,066. 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 Tal-y-bont 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 Tal-y-bont

Over time, in the last five years, the population of the city of Tal-y-bont 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 Tal-y-bont?

In the last 10 years, there has been a shift in the population of 3%.

Comparing this to the 5 year figure of Tal-y-bont 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 Tal-y-bont earn?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Tal-y-bont, the average income is £36,900. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 15% to decide on what the demographics are like in the area.

For the city of Tal-y-bont, what is the education level?

In Tal-y-bont, 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 Tal-y-bont is £36,900.

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.

Do the people of Tal-y-bont get to enjoy green space?

In the city of Tal-y-bont, there are 12.0 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 Tal-y-bont is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

In Tal-y-bont, what is the social grade score?

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 Tal-y-bont 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 Tal-y-bont, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 15%.

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

In Tal-y-bont, what is the crime rate?

The crime rate of Tal-y-bont must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.

For example, the area has a crime rate of 105, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.

Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.

Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (105) is both useful and is recommended to be compared to the average.

Located in Conwy is the city of Tal-y-bont, in a large part of the UK; Wales. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.

Below, the population of Tal-y-bont has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.

The knowledge below is based on a lot of different variables relevant to the city of Tal-y-bont which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.

Professional advice for houses for sale in Tal-y-bont

Choose the right house for sale that suits your needs

When browsing houses for sale in Tal-y-bont you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • 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.

House for sale in the same UK region

You can assess the various houses for sale offered in the area by consulting this list of cities in Wales, the same UK region as Tal-y-bont:

You may also refer to our landing page specific to UK houses for sale, 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.

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