Lampeter

Area Guide For Lampeter

Lampeter (Welsh: Llanbedr Pont Steffan or, all the more casually, Llambed) is a town in Ceredigion, South West Wales, lying at the conjunction of the River Teifi and the Afon Dulas. It is the third biggest urban region in Ceredigion after Aberystwyth and Cardigan. The Norman mansion of Pont Steffan (Stephen's Bridge in English) possessing a key position close to the River Teifi was obliterated in 1187 after it had been vanquished by Owain Gwynedd. The remaining parts of the palace later turned into the establishments for C. R. Cockerell's school building and still structure piece of the college grounds. Cardiganshire was one of the imperial regions created by Edward I after the annihilation of Llywelyn ap Gruffudd (Llywelyn Ein Llyw Olaf) at Cilmeri in 1282, when Lampeter fell under immediate Royal Control.

 
 

Lampeter Map

Estimated Price: £195,042
Average Asking Price: £235,483
Price change in last one year: £11,297
Average Price Paid: £165,532
Average Rent Rates: £565

 
 

Property Prices Breakdown in Lampeter

Average Price for property in Lampeter is around £195,042 which varies based on type of property you are interested in and ranges from £239,618 for detached house to around £136,341 for semi-detached. Similarly terraced house is around £129,366 and a flat is worth £86,143. Values have been changing and have risen £780 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,634 in last 6 months, £11,297 in last 1 year, £16,074 in last 2 years, £19,658 in last 3 years, £15,728 in last 4 years and £13,905 in last 5 years.

Currently average asking price of a property in Lampeter is around £235,483 based on approximately 68 properties for sale. Same is the case with rental options based on 3 properties up for rent, average asking rent is around £565 per month.

Estimated property value in Lampeter is £195,042. Average asking price is £235,483 while average price paid is £171,843 which is up by £11,297 and Avg. asking rent £565.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 Lampeter area. In last 1 year alone average price buyer paid is around £171,843 based on approximately 68 sales in Lampeter area alone. If you compare it to last 3 years sales of 227 properties where buyers paid around £165,742. 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 £165,532 for 373 and average amount paid for purchase of approx. 515 properties sold in last 7 years comes to about £168,291 per sale.

 
 

Properties For Sale in Lampeter

 
 

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 £125,000, £154,028 for a 2 bedroom house, £221,520 for a 3 bedroom house, £292,530 for a 4 bedroom house and £357,176 for a 5 bedroom house. For a flat the prices of 2 bedroom is £89,967. To sum up the asking prices for properties in Lampeter it comes to around average £125,000 for 1 bedroom property, £148,022 for 2 bedroom, £221,520 for 3 bedroom, £292,530 for 4 bedroom and £357,176 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 £494 for 3 bedroom to £802 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £399. You should be generally be expecting around average £399 rent per month for 2 bedroom property, £494 for 3 bedroom and approximately £802 for 4 bedroom property in Lampeter area.

Popular Houses in Lampeter

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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