Bangor

Area Guide For Bangor

Bangor is a city in Gwynedd unitary authority, north west Wales, and one of the smallest cities in Britain. It is a university city with a population of 13,725 at the 2001 census, not including around 10,000 students at Bangor University. It is one of only six places classed as a city in Wales, although it is only the 36th largest urban area by population. According to the 2001 census, 46.6% of the non-student resident population speak Welsh, which is low for Gwynedd but despite this, the language keeps a high profile in town. Bangor has been called "The Athens of Wales". The origins of the city date back to the founding of a monastic establishment on the site of Bangor Cathedral by the Celtic saint Deiniol in the early 6th century AD. The name 'Bangor' itself is an old Welsh word for a type of fenced-in enclosure, such as was originally surrounded the cathedral site. The present cathedral is a somewhat more recent building and has been extensively modified throughout the centuries. While the building itself is not the oldest, and certainly not the biggest, the bishopric of Bangor is one of the oldest in Britain. 

 
 

Bangor Map

Estimated Price: £161,057
Average Asking Price: £226,434
Price change in last one year: £335
Average Price Paid: £148,730
Average Rent Rates: £1,035

 
 

Property Prices Breakdown in Bangor

Average Price for property in Bangor is around £161,057 which varies based on type of property you are interested in and ranges from £242,394 for detached house to around £163,906 for semi-detached. Similarly terraced house is around £126,827 and a flat is worth £98,631. Values have been changing and have risen £1,076 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,021 in last 6 months, £335 in last 1 year, £9,445 in last 2 years, £8,078 in last 3 years, £9,329 in last 4 years and £9,974 in last 5 years.

Currently average asking price of a property in Bangor is around £226,434 based on approximately 234 properties for sale. Same is the case with rental options based on 609 properties up for rent, average asking rent is around £1,035 per month.

Estimated property value in Bangor is £161,057. Average asking price is £226,434 while average price paid is £151,341 which is up by £335 and Avg. asking rent £1,035.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 1 year alone average price buyer paid is around £151,341 based on approximately 234 sales in Bangor area alone. If you compare it to last 3 years sales of 726 properties where buyers paid around £148,107. 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 £148,730 for 1,206 and average amount paid for purchase of approx. 1,598 properties sold in last 7 years comes to about £148,807 per sale.

 
 

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 £110,645, £137,684 for a 2 bedroom house, £186,839 for a 3 bedroom house, £303,431 for a 4 bedroom house and £373,275 for a 5 bedroom house. For a flat similarly the prices varies from £78,129 for a single bedroom to £133,263 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £184,541, £169,346 for a 4 bedroom flat and £250,790 for a 5 bedroom flat. To sum up the asking prices for properties in Bangor it comes to around average £88,968 for 1 bedroom property, £136,618 for 2 bedroom, £186,753 for 3 bedroom, £301,743 for 4 bedroom and £371,610 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 £459 for 1 bedroom to £515 for 2 bedrooms, £616 for 3 bedrooms, £881 for 4 bedrooms and £1,142 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £399. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £522, £525 for 3 bedroom and £776 for 4 bedroom. You should be generally be expecting around average £417 rent per month for single bedroom property, £518 for 2 bedroom, £608 for 3 bedroom, £877 for 4 bedroom and approximately £1,142 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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