Menai Bridge

Area Guide For Menai Bridge

Menai Bridge (Welsh: Porthaethwy) is a residential area and community on the Isle of Anglesey in north Wales. It neglects the Menai Strait and lies by the Menai Suspension Bridge, implicit 1826 by Thomas Telford. It is the third biggest settlement on the island, with a populace of 3,850, and involves the range of the previous ward of Llandysiliogogo, whose previous church proceeds being used as a morgue sanctuary (see beneath). There are numerous little islands close to the town, including Church Island. It has existed as Porthaethwy for a long time regardless it has a house in present utilization which dates from the seventeenth century. It is likely that a community has existed at the area of Menai Bridge since Roman times essentially in light of the fact that this is the briefest intersection of the Menai Strait. There is a scope of structures including the old court house, various old pubs and the structures connected with the wood-yard (at the present time being changed over to houses). On 12 November 1918 Air Marshal Sir Thomas Elmhirst flew air transport SSZ73 under the Menai Bridge taking after the truce toward the end of World War I.

 
 

Menai Bridge Map

Estimated Price: £225,543
Average Asking Price: £372,616
Price change in last one year: £13,591
Average Price Paid: £196,325
Average Rent Rates: £698

 
 

Property Prices Breakdown in Menai Bridge

Average Price for property in Menai Bridge is around £225,543 which varies based on type of property you are interested in and ranges from £279,506 for detached house to around £170,506 for semi-detached. Similarly terraced house is around £161,688 and a flat is worth £205,881. Values have been changing and have risen £1,985 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,107 in last 6 months, £13,591 in last 1 year, £23,798 in last 2 years, £24,468 in last 3 years, £18,953 in last 4 years and £10,656 in last 5 years.

Currently average asking price of a property in Menai Bridge is around £372,616 based on approximately 84 properties for sale. Same is the case with rental options based on 3 properties up for rent, average asking rent is around £698 per month.

Estimated property value in Menai Bridge is £225,543. Average asking price is £372,616 while average price paid is £209,690 which is up by £13,591 and Avg. asking rent £698.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 Menai Bridge area. In last 1 year alone average price buyer paid is around £209,690 based on approximately 84 sales in Menai Bridge area alone. If you compare it to last 3 years sales of 232 properties where buyers paid around £200,228. 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 £196,325 for 350 and average amount paid for purchase of approx. 481 properties sold in last 7 years comes to about £194,399 per sale.

 
 

Properties For Sale in Menai Bridge

 
 

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 2 bedroom is around £279,500, £238,118 for a 3 bedroom house, £454,188 for a 4 bedroom house and £348,317 for a 5 bedroom house. For a flat similarly the prices varies from £64,833 for a single bedroom to £123,998 for a 2 bedroom Flat. To sum up the asking prices for properties in Menai Bridge it comes to around average £64,833 for 1 bedroom property, £175,832 for 2 bedroom, £238,118 for 3 bedroom, £454,188 for 4 bedroom and £348,317 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 is £624 for 2 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £735. You should be generally be expecting around average £698 rent per month for 2 bedroom property in Menai Bridge area.

Popular Houses in Menai Bridge

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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