Colwyn Bay

Area Guide For Colwyn Bay

Colwyn Bay (Welsh: Bae Colwyn) is a town, group and coastline resort in Conwy County Borough on the north shore of Wales neglecting the Irish Sea. Eight neighboring groups are consolidated inside its postal region. Created as its own different area in 1844 with simply a little gathering of homes and ranches where the group of Old Colwyn stands today, Colwyn Bay has extended to turn into the second-biggest group and business focus in the north of Wales and in addition the sixteenth biggest in the entire of Wales with the urban measurable range having a populace of 28,992 at the 2001 registration. By regional standards nicknamed "The Bay". The western side of Colwyn Bay, Rhos-on-Sea, incorporates various noteworthy locales connected with St Trillo and Ednyfed Fychan, the thirteenth century general and councilor to Llywelyn the Great.

 
 

Colwyn Bay Map

Estimated Price: £186,541
Average Asking Price: £196,780
Price change in last one year: £22,180
Average Price Paid: £161,485
Average Rent Rates: £525

 
 

Property Prices Breakdown in Colwyn Bay

Average Price for property in Colwyn Bay is around £186,541 which varies based on type of property you are interested in and ranges from £274,939 for detached house to around £160,190 for semi-detached. Similarly terraced house is around £121,433 and a flat is worth £124,140. Values have been changing and have risen £3,583 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,482 in last 6 months, £22,180 in last 1 year, £22,391 in last 2 years, £29,052 in last 3 years, £22,573 in last 4 years and £17,536 in last 5 years.

Currently average asking price of a property in Colwyn Bay is around £196,780 based on approximately 469 properties for sale. Same is the case with rental options based on 41 properties up for rent, average asking rent is around £525 per month.

Estimated property value in Colwyn Bay is £186,541. Average asking price is £196,780 while average price paid is £160,182 which is up by £22,180 and Avg. asking rent £525.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Colwyn Bay area. In last 1 year alone average price buyer paid is around £160,182 based on approximately 469 sales in Colwyn Bay area alone. If you compare it to last 3 years sales of 1,229 properties where buyers paid around £159,271. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £161,485 for 1,961 and average amount paid for purchase of approx. 2,725 properties sold in last 7 years comes to about £159,744 per sale.

 
 

Properties For Sale in Colwyn Bay

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £104,810, £146,341 for a 2 bedroom house, £174,338 for a 3 bedroom house, £291,232 for a 4 bedroom house and £322,481 for a 5 bedroom house. For a flat similarly the prices varies from £74,929 for a single bedroom to £117,531 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £146,826, £115,237 for a 4 bedroom flat and £192,475 for a 5 bedroom flat. To sum up the asking prices for properties in Colwyn Bay it comes to around average £78,325 for 1 bedroom property, £132,378 for 2 bedroom, £171,245 for 3 bedroom, £285,978 for 4 bedroom and £314,093 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £477 for 1 bedroom to £569 for 2 bedroom, £640 for 3 bedroom and £641 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £418. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £511, £494 for 3 bedroom and £598 for 4 bedroom. You should be generally be expecting around average £423 rent per month for single bedroom property, £529 for 2 bedroom, £619 for 3 bedroom and approximately £633 for 4 bedroom property in Colwyn Bay area.

Popular Houses in Colwyn Bay

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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