Dou­ble-digit rise in house prices for is­land ... all thanks to one sale

Bangor Mail - - NEWS - Hen­llys Hall Farm­house

AN­GLE­SEY saw av­er­age house prices hike nearly 14% this sum­mer – but it may not be the start of an­other prop­erty boom.

The lat­est Land Registry fig­ures have been re­vealed for July - show­ing that ev­ery county in North Wales had seen av­er­age val­ues in­crease over the past year.

This is pos­i­tive news for prop­erty own­ers - with av­er­age prices up 4.2% in Wales - but on An­gle­sey, the in­crease hit dou­ble dig­its.

This saw av­er­age val­ues on the is­land nudge past £182,000 - smash­ing pre­vi­ous records.

But agents have re­vealed the likely rea­son for the sud­den hike.

The month saw a low num­ber of deals (35) - and one of those was a whop­per.

Agent Jack­son-Stops & Staff se­cured the £1.6m sale of Hen­llys Hall Farm­house at Hen­llys, near Beau­maris, over the month.

This in­cluded the won­der­ful fourbed­room farm­house, with spec­tac­u­lar views of the Me­nai Strait, and a hol­i­day apart­ments de­vel­op­ment.

That deal is be­lieved to have skewed the fig­ures - turn­ing pos­i­tive house growth fig­ures into a boom!

In com­par­i­son, July 2017 had 106 trans­ac­tions - with none of those above £1m. This gave an av­er­age price of just over £160,000.

The other five North Wales coun­ties also saw prices in­crease over the year – with Flintshire and Den­bighshire the next big­gest ris­ers at 5.1% and 3.7% re­spec­tively.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.