Re­vealed: The most ex­pen­sive post­codes for buy­ing houses

Caernarfon Herald - - NEWS - Owen Hughes

THE most ex­pen­sive post­codes in North Wales have been re­vealed – with one area see­ing av­er­age prop­erty prices close to £400,000.

Latest fig­ures show the to­tal value of home sales in ev­ery post­code in the re­gion, as well as the av­er­age price of sales in 2017.

The high­est to­tal came in the CH4 post­code on the Cheshire/Flintshire bor­der at just un­der £87m.

But the av­er­age price per sale at £227,545 was not top of the ta­ble, with that hon­our go­ing to a com­mu­nity on An­gle­sey.

The LL73 post­code at Mar­ian-glas, near Ben­l­lech, saw an av­er­age sale price of £393,000 – al­though there were only two sales over the year.

It was closely fol­lowed by nearby Du­las (LL70) with an av­er­age of £330,000, this time on three sales.

The top 15 post­codes in the re­search by hy­brid estate agent was dom­i­nated by An­gle­sey, with LL66 Rhos­goch on £277,000, LL64 Rhos­neigr (£260,000), LL58 Beau­maris (£239,000), LL59 Me­nai Bridge (£235,000), and LL63 Ty Croes (225,000) also mak­ing the cut.

The Gwynedd post­codes LL53 Pwll­heli/Aber­soch (£233,000) and LL52 Cric­ci­eth (£244,000) also fea­tured, as well as LL32 Conwy/Conwy Val­ley (£228,000).

Us­ing sold price data from the Land Registry, estate agent eMoov cal­cu­lated the to­tal mone­tary value of homes sold in each post­code, be­fore look­ing at the av­er­age trans­ac­tion value to not only high­light those with the high­est spend, but also where has the high­est sold price tag per prop­erty.

At the other end of the mar­ket the post­codes with the low­est av­er­age prices in­cluded LL41 Blae­nau Ffes­tin­iog (£107,000), LL38 Fair­bourne (£113,000) and LL18 Rhyl (£133,000).

Rus­sell Quirk, eMoov CEO and founder, said: “The prop­erty mar­ket in North Wales is cer­tainly di­verse, and the av­er­age sold price can vary by quite a bit among post­codes, let alone dif­fer­ent ar­eas.

“An­gle­sey, for ex­am­ple, is home to some of the high­est sold prices in the area, as well as one or two of the low­est, with a dif­fer­ence of over £250,000 be­tween each end of the mar­ket.”

He added: “It is this diver­sity that has helped to keep the prop­erty mar­ket mov­ing across the board de­spite the slower cur­rent con­di­tions, as the avail­abil­ity of af­ford­able prop­erty has be­come more sought af­ter, while the more in­flated end of the mar­ket slows due to buyer un­cer­tainty.

“This re­search high­lights the top and the bot­tom end of the mar­ket isn’t as clear-cut as a gen­eral regional av­er­age price.

“While the likes of An­gle­sey may sit mid ta­ble in terms of the cur­rent av­er­age Welsh house price, the area has op­tions for buy­ers both above and be­low that thresh­old.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.