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Byline: OWEN HUGHES Business Correspondent

THE most expensive postcodes in North Wales have been revealed - with one area seeing average property prices close to PS400,000. 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 PS87m.

But the average price per sale at PS227,545 was not top of the table, with that honour going to a community on Anglesey.

The LL73 postcode at Marianglas, near Benllech, saw an average sale price of PS393,000 - although there were only two sales over the year.

It was closely followed by nearby Dulas (LL70) with an average of PS330,000, this time on three sales.

The top 15 postcodes in the research by hybrid estate agent was dominated by Anglesey, with LL66 Rhosgoch on PS277,000, LL64 Rhosneigr (PS260,000), LL58 Beaumaris (PS239,000), LL59 Menai Bridge (PS235,000), and LL63 Ty Croes (225,000) also making the cut.

The Gwynedd postcodes LL53 Pwllheli/Abersoch (PS233,000) and LL52 Criccieth (PS244,000) also featured, as well as LL32 Conwy/ Conwy Valley (PS228,000).

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 (PS107,000), LL38 Fairbourne (PS113,000) and LL18 Rhyl (PS133,000).

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 PS250,000 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."

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Publication:Daily Post (Conwy, Wales)
Geographic Code:4EUUK
Date:Nov 25, 2017
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