REVEALED: N.Wales’ most expensive (and affordable) postcodes
HOLIDAY HOTSPOTS LEAD WAY RAISING CONCERNS OVER AFFORDABILITY FOR LOCAL HOME BUYERS
THE most expensive postcodes in North Wales have been revealed – with Anglesey dominating the top ten.
A State of the Market report has been released by Propdex.co.uk that burrows into the average price of every postcode in the UK – using data from Land Registry.
In North Wales it has revealed where it now costs the most to snap up a home, with holiday hotspots taking the top places.
But language campaigners immediately raised concerns about the impact of high prices on local house hunters.
At number one is LL64 – which takes in popular watersports resort Rhosneigr on Anglesey, an area that has boomed in recent years. Average prices are now £326,000.
Second is LL58 in Gwynedd – which includes the seaside village of Aberdyfi – where homes sold for an average £276,000.
Anglesey then makes up another four postcodes in the top ten.
Meanwhile the cheapest homes are found in LL41 which includes the slate town of Blaenau Ffestiniog. The average price there is £94,000 and it is the only postcode in North Wales under £100,000.
Melfyn Williams, from Williams and Goodwin estate agent, said: “No surprises that Anglesey and Gwynedd towns appear in the top three average price as they are by their location and type of properties exceptional areas.
“Home owners will be delighted to see average prices returning to pre-bust levels and those who purchased at the peak of the housing market in 2007 will be relieved to see that property prices have increased and returned to the lev- els seen around 10 years ago.
“As we have always maintained, bricks and mortar is always a good investment over the longer term and whilst providing a home, property also provides capital growth that should give security into retirement.”
But Jeff Smith, from Welsh language campaign group Cymdeithas yr Iaith, said: “These are shocking prices, and are clearly more expensive than the vast majority of people on local wages can afford.
“It means that more and more people are facing difficulties setting up home in their local area. That in turn undermines community life, our towns and villages, language and Welsh cultures.
“It’s vital that the Welsh Govern- ment acts to reduce the impact of this housing crisis on Wales’ communities. We need a system that ensures house prices reflect what local people can afford.
“We really need to change the way we look at it: houses should be homes that benefit local people and communities, rather than serving speculators and big business.
“We need to turn the system on its head and that’s the agenda we in Cymdeithas will be discussing next Saturday (at a meeting) in Blaenau Ffestiniog.” THE 10 MOST EXPENSIVE POSTCODES ARE: ● LL64: Anglesey - £326,000 - up 40% year-on-year ● LL35: Gwynedd - £276,000 - up 47% ● LL58: Anglesey - £231,000 - up 13% ● LL15: Denbighshire - £210,000 - up 20% ● LL27: Conwy - £210,000 - up 31% ● LL62: Anglesey £206,000 - up 9.2% ● LL59: Anglesey £203,000 - up 2.8% ● LL32: Conwy - £198,000 - up 1.6% ● LL12: Wrexham- £189,000 - up 2.8% ● LL72: Anglesey - £187,000 - 3.9% THE MOST AFFORDABLE ARE: ● LL41: Gwynedd - £94,000 ● LL28: Gwynedd - £128,000 ● LL18: Conwy/Denbighshire - £130,000
Rhosneigr, on Anglesey’s west coast, where average property prices are now £326,000