Property trends for LL45

    LL45 covers the Gwynedd area in north-west Wales, positioned in a rural and coastal region. It is characterised by small communities, traditional character, and strong ties to the local landscape and heritage.

    At a Glance

    Average Property Price - LL45

    £227,957

    20

    National percentile

    Average Monthly Rent - LL

    £721

    12

    National percentile

    Average Net Household Income - LL45

    £32,936

    18

    National percentile

    Flat / Maisonette Yield - LL

    5.3%

    30

    National percentile

    10-Year Annualised Price Growth - LL45

    2.4%

    14

    National percentile

    10-Year Annualised Rent Growth - LL

    3.3%

    17

    National percentile

    Property Price & Volume Trends

    The average property price in LL45 is £228,000, placing it well below the national average. Over the past decade, prices have grown at 2.4% per year—a notably slow pace compared with the national trend. Transaction activity has declined significantly, with just 7 sales in the latest full year against a 10-year average of 11 per year, suggesting a thin and quieter market.

    Rent & Yield Trends

    Average monthly rent in the broader LL postcode area stands at £721, substantially below the national norm. Rental growth has averaged 3.3% annually over the past decade, also trailing national rates. The flat yield has improved to 5.3%, up from a 10-year average of 4.5%, reflecting stronger rental returns relative to property values in recent times.

    Income & Affordability Trends

    Average household income of £32,936 is materially below the national level. The price-to-income ratio has risen to 8.0x from 6.8x in 2016, indicating that property has become less affordable for local buyers over that span. Rental affordability, by contrast, has improved: the rent-to-income ratio has fallen from 24.2% to 22%, easing the burden on renters.

    Resident Demographic Profile

    The population is notably older than average, with nearly a third aged 65 and over compared to a national fifth; conversely, young adults aged 16–24 are significantly underrepresented. Housing tenure is dominated by outright ownership (55%), far above the national average, while mortgage-backed ownership is markedly lower. The employment profile is weighted towards trades (19%) and caring roles (14%), well above national norms, whilst professional occupations (12%) fall considerably short of the national share.

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