Bangor

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Area Guide For Bangor

Bangor is an expansive town in County Down, Northern Ireland. It is an ocean side resort on the southern side of Belfast Lough and inside the Belfast Metropolitan Area. In 2007 the town was voted by Ulster Television viewers as the most attractive spot to live in Northern Ireland.It works as a suburbanite town for the Greater Belfast region, which it is connected to by the A2 street and a direct track line. Bangor is arranged 13.6 miles  east from the heart of Belfast, not a long way from George Best Belfast City Airport. 

The biggest plot of private land in the zone, the Clandeboye Estate, which is found a couple of miles from the town focus, fits in with the Marchioness of Dufferin and Ava. Bangor has the Royal Ulster and Ballyholme Yacht clubs. Bangor Marinais one of the biggest in Ireland, and holds Blue Flag status. The town is twinned with Bregenz in Austria and Virginia Beach in the United States of America.

 
 

Bangor Map

Estimated Price: £158,468
Average Asking Price: £148,171
Price change in last one year: £6,131
Average Price Paid: £184,002
Average Rent Rates: £509

 
 

Property Prices Breakdown in Bangor

Average Price for property in Bangor is around £158,468 which varies based on type of property you are interested in and ranges from £232,824 for detached house to around £131,252 for semi-detached. Similarly terraced house is around £101,079 and a flat is worth £106,910. Values have been changing and have risen £1,992 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £638 in last 6 months, £6,131 in last 1 year, £10,430 in last 2 years, £8,216 in last 3 years, £11,902 in last 4 years and £22,781 in last 5 years.

Currently average asking price of a property in Bangor is around £148,171 based on approximately 0 properties for sale. Same is the case with rental options based on 104 properties up for rent, average asking rent is around £509 per month.

Estimated property value in Bangor is £158,468. Average asking price is £148,171 while average price paid is £165,000 which is up by £8,216 and Avg. asking rent £509.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 Bangor area. In last 3 years alone average price buyer paid is around £165,000 based on approximately 1 sales in Bangor area alone. If you compare it to last 5 years sales of 7 properties where buyers paid around £184,002.

 
 

Properties For Sale in Bangor

 
 

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 £144,800, £84,893 for a 2 bedroom house, £121,082 for a 3 bedroom house, £204,147 for a 4 bedroom house and £263,207 for a 5 bedroom house. For a flat similarly the prices varies from £61,233 for a single bedroom to £108,408 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £116,315. To sum up the asking prices for properties in Bangor it comes to around average £88,190 for 1 bedroom property, £93,387 for 2 bedroom, £120,998 for 3 bedroom, £204,147 for 4 bedroom and £263,207 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 £433 for 1 bedroom to £448 for 2 bedrooms, £482 for 3 bedrooms, £649 for 4 bedrooms and £680 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £389. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £527, £596 for 3 bedroom and £358 for 4 bedroom. You should be generally be expecting around average £391 rent per month for single bedroom property, £488 for 2 bedroom, £499 for 3 bedroom, £632 for 4 bedroom and approximately £680 for a 5 bedroom property in Bangor area.

Popular Houses in Bangor

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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