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