LL59 (Menai Bridge) area guide
LL59
Menai Bridge
The LL59 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Cadnant, Cwm Cadnant, Glyngarth, Hendre, Llandegfan, Llanfihangel Ysgeifiog, Llansadwrn, Menai Bridge, Tysilio.
Notes:
A Mouseprice property guide for LL59 Menai Bridge is coming soon. In the meantime, please have a look at the raw data and statistics about LL59 that can be found by click the relevant links on the left hand side.
Old area guide:
The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.
Market trends:
The size of the property market in LL59 is 2455 homes.
Given that the nominal growth rate in this postcode district (LL59) has been about 14.3% over the last 5 years, it would be reasonable to assume that this isa dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.
Average property prices in this postcode district over the last three months have been approximately £184028.
Since most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 7.2.
New transactions as a percentage of overall sales are 6%.
Housing stock:
The most readily available type of property in the area are Detached Houses, making up 48.6% of the total.
Flats account for the lowest percentage of the housing stock in this district, at only 10.6%.
This is an area with a high proportion of property suitable for families with children.
Socially rented accommodation represents 10.7% of the total rented accommodation in the area.
The majority of property in this area is owner occupied.
The average price of a two bed property in this area is less that the national average of £187894 at £182003.
Who lives here:
The average age in this area is 43.
This area has a high percentage of married people at 26.5%.
Average working hours in this area for men are 42 and for women are 31.
This area has 2 people per square kilometre.
The largest source of work in this area is Education (17% of workers), followed by Public Admin & Defence (15.9%).
This area has one of the highest proportions of degree educated people in the country, at 33%.