Caernarfon

Area Guide For Caernarfon

Caernarfon is probably best known for the mighty castle Caernarfon which is possibly the most famous of Wales's castles. Its sheer scale and commanding presence easily set it apart from the rest, and to this day, still trumpet in no uncertain terms the intention of its builder Edward I.

Begun in 1283 as the definitive chapter in his conquest of Wales, Caernarfon was constructed not only as a military stronghold but also as a seat of government and royal palace.

The castle's majestic persona is no architectural accident: it was designed to echo the walls of Constantinople, the imperial power of Rome and the dream castle, 'the fairest that ever man saw', of Welsh myth and legend. After all these years Caernarfon's immense strength remains unchanged.

Standing at the mouth of the Seiont river, the fortress (with its unique polygonal towers, intimidating battlements and colour banded masonry) dominates the walled town also founded by Edward I. Caernarfon's symbolic status was emphasized when Edward made sure that his son, the first English Prince of Wales, was born here in 1284. In 1969, the castle gained worldwide fame as the setting for the Investiture of Prince Charles as Prince of Wales.

History comes alive at Caernarfon in so many ways - along the lofty wall walks, beneath the twin-towered gatehouse and within imaginative exhibitions located within the towers. The castle also houses the Regimental Museum of the Royal Welch Fusiliers, Wales's oldest regiment.

Caernarfon's position of pre-eminence in historic rankings is recognized in its status as a World Heritage inscribed site.

 

 

 
 

Caernarfon Map

Estimated Price: £163,674
Average Asking Price: £179,521
Price change in last one year: £7,057
Average Price Paid: £136,756
Average Rent Rates: £493

 
 

Property Prices Breakdown in Caernarfon

Average Price for property in Caernarfon is around £163,674 which varies based on type of property you are interested in and ranges from £233,446 for detached house to around £152,577 for semi-detached. Similarly terraced house is around £115,638 and a flat is worth £193,419. Values have been changing and have risen £670 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £402 in last 6 months, £7,057 in last 1 year, £14,830 in last 2 years, £15,578 in last 3 years, £11,438 in last 4 years and £6,895 in last 5 years.

Currently average asking price of a property in Caernarfon is around £179,521 based on approximately 321 properties for sale. Same is the case with rental options based on 33 properties up for rent, average asking rent is around £493 per month.

Estimated property value in Caernarfon is £163,674. Average asking price is £179,521 while average price paid is £133,237 which is up by £7,057 and Avg. asking rent £493.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 Caernarfon area. In last 1 year alone average price buyer paid is around £133,237 based on approximately 321 sales in Caernarfon area alone. If you compare it to last 3 years sales of 909 properties where buyers paid around £135,151. 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 £136,756 for 1,565 and average amount paid for purchase of approx. 2,079 properties sold in last 7 years comes to about £139,811 per sale.

 
 

Properties For Sale in Caernarfon

 
 

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 £81,779, £104,970 for a 2 bedroom house, £162,782 for a 3 bedroom house, £293,948 for a 4 bedroom house and £321,458 for a 5 bedroom house. For a flat similarly the prices varies from £59,995 for a single bedroom to £105,000 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £129,950. To sum up the asking prices for properties in Caernarfon it comes to around average £78,148 for 1 bedroom property, £104,972 for 2 bedroom, £162,350 for 3 bedroom, £293,948 for 4 bedroom and £321,458 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 £594 for 1 bedroom to £463 for 2 bedroom and £512 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £387. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £877. You should be generally be expecting around average £428 rent per month for single bedroom property, £566 for 2 bedroom and approximately £512 for 3 bedroom property in Caernarfon area.

Popular Houses in Caernarfon

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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