Average Price for property in Bala is around £172,170 which varies based on type of property you are interested in and ranges from £238,588 for detached house to around £136,566 for semi-detached. Similarly terraced house is around £104,198 and a flat is worth £56,453. Values have been changing and have risen £2,231 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,605 in last 6 months, £11,905 in last 1 year, £19,358 in last 2 years, £18,721 in last 3 years, £17,304 in last 4 years and £10,101 in last 5 years.
Currently average asking price of a property in Bala is around £354,758 based on approximately 33 properties for sale. Same is the case with rental options based on 5 properties up for rent, average asking rent is around £456 per month.
Estimated property value in Bala is £172,170. Average asking price is £354,758 while average price paid is £169,624 which is up by £11,905 and Avg. asking rent £456.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 Bala area. In last 1 year alone average price buyer paid is around £169,624 based on approximately 33 sales in Bala area alone. If you compare it to last 3 years sales of 96 properties where buyers paid around £149,713. 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 £148,538 for 163 and average amount paid for purchase of approx. 227 properties sold in last 7 years comes to about £149,023 per sale.