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.