Welsh Property Rich List 2009
- The definitive guide to THE most expensive places to live in Wales -
21st Apr 2009
The Welsh Property Rich List 2009 out today has revealed Cowbridge as Wales's most expensive address, topping both the postcode rankings with average property prices in CF71 of almost £320,000 and as home to the Wales's highest value street, Llansannor, where the average home will set you back over £750,000.
Compiled by leading house prices website Zoopla.co.uk, which provides free value estimates for every UK home, the comprehensive guide highlights the most exclusive neighbourhoods and addresses across England, Scotland and Wales and is available in full at zoopla.co.uk/richlist.
Situated in the Vale of Glamorgan and inhabited by renowned rugby star Ieuan Evans amongst others, Wales's Most Expensive Area has been named as the market town of Cowbridge, CF71 with an average home value of £319,564. In second place on the Wales Rich List was Usk, NP15 (£242,436), followed in third by Swansea, SA3 (£237,427).
Wales's Most Expensive Street was identified as Llansannor in Cowbridge where the average house price came in at a cool £753,966, however the residents of this exclusive address may well not be celebrating the fact that the average home on this street has lost almost £115,000 (13.23%) in value over the past 12 months. Second place went to Marine Drive in Llandudno with an average of £728,913 followed closely by Llys Helyg Drive, also in Llandudno with an average home value of £722,684.
But despite the significant drop in property values over the past year, Wales is still home to over 50 streets where average property values exceed £500,000, with 17 of these located in Cardiff, 8 in Cowbridge and 6 in Swansea.
Alex Chesterman, CEO of Zoopla.co.uk commented:
"Despite the current economic climate much of the country's wealth remains tied up in the property market and whilst average house prices are down across the board on last year, there still remain some pretty impressive figures in this year's Welsh Property Rich List. Zoopla.co.uk provides a comprehensive resource for the property market and offers free, instant value estimates on every UK home, allowing users to track the values of their own homes or anyone else's including those in our Rich List."
- Ends -
For further information, please contact PR Team on firstname.lastname@example.org or +44 (0)20 3873 8770.
Notes to editors
Results at a glance
Wale's 20 Most Expensive Areas (source: Zoopla.co.uk)
|Rank||Area||Average home value||12 month change (£)||12 month change (%)|
|(April 20th 2009)|
|8||CF64 (Dinas Powys)||£219,632||-£32,631||-12.94%|
Wales's 20 Most Expensive Streets (source: Zoopla.co.uk)
|Rank||Street name||Average home value||12 month change (£)||12 month change (%)|
|(April 20th 2009)|
|1||Llansannor, Cowbridge CF71||£753,966||-£114,959||-13.23%|
|2||Marine Drive, Llandudno LL30||£728,913||-£92,027||-11.21%|
|3||Llys Helyg Drive, Llandudno LL30||£722,684||-£88,865||-10.95%|
|4||Marford Hill, Wrexham LL12||£709,317||-£89,553||-11.21%|
|5||Twyncyn, Dinas Powys, CF64||£696,101||-£120,057||-14.71%|
|6||Pendoylan, Cowbridge CF71||£693,565||-£107,503||-13.42%|
|7||Northop Country Park, Mold, CH7||£678,018||-£92,107||-11.96%|
|8||The Mount, Cardiff CF14||£675,547||-£110,064||-14.01%|
|9||West Cliff, Swansea SA3||£657,709||-£129,684||-16.47%|
|10||Cefn Coed Road, Cardiff, CF23||£639,533||-£121,272||-15.94%|
|11||Cefn Mably Park, Cardiff, CF3||£638,270||-£110,258||-14.73%|
|12||Llanychan, Ruthin LL15||£635,743||-£120,914||-15.98%|
|13||Ffordd Gwern, Cardiff CF5||£632,833||-£92,727||-12.78%|
|14||Lower Cwrt-Y-Vil Road, Penarth CF64||£623,868||-£110,212||-15.03%|
|15||Dros Y Mor, Penarth CF64||£594,766||-£106,031||-15.13%|
|16||Martywill Lane, Swansea, SA3||£585,749||-£114,405||-16.34%|
|17||Mill Road, Cardiff, CF14||£579.128||-£92,091||-13.72%|
|18||Llandaff Chase, Cardiff, CF5||£577,055||-£82,213||-12.47%|
|19||Llantrithyd, Cowbridge, CF71||£575,954||-£86,976||-13.12%|
|20||The Bryn, Swansea, SA2||£569,127||-£95,741||-14.40%|
Zoopla.co.uk is a unique property website offering users information and tools to help them make better-informed property decisions. Our aim is to provide the most comprehensive source of residential property market information in the UK to help buyers, sellers, owners and estate agents alike and give them an advantage in the property market.
In 2007, following the success of bringing DVD rental to the web with LOVEFiLM.com, Zoopla founders Alex Chesterman and Simon Kain realised that the UK property market had yet to fully enjoy the benefits of the internet in terms of its ability to deliver transparency and efficiency. They set out with the mission to transform the property market for both professionals and consumers by:
- offering users FREE access to instant value estimates, sold house prices and local information and trends
- enhancing estate agents' marketing efficiency by providing exposure/leads on a pay-for-performance basis
- helping users find local agents and other property professionals to assist them in the transaction process
- letting buyers make offers on ANY UK home and owners test interest in their homes before choosing to sell
- creating an environment where anyone can ask/answer questions and share their knowledge about homes
We have started by providing FREE value estimates, sold prices and local information as well as letting users add content by editing information and uploading photos. We are the UK's fastest growing property website and by far the largest and most active property community in the UK, with over a million user contributions to our website in 2008 alone. We have already launched some unique features, like TemptMe™ and AskMe™, which allow consumers to gain an insight into the market and discover information they won't find anywhere else. Our estate agent directory, FindAnAgent and our unique AskAnAgent feature allow users to contact local professionals directly for their expertise. Very soon we will begin accepting estate agent listing feeds and delivering buyer leads to agents on a no-risk, performance-based model, making Zoopla.co.uk the most cost-effective way for agents to gain exposure and develop their inventory pipeline.
Our value estimates are calculated using a proprietary algorithm (a secret formula) that we have developed by analysing millions of data points relating to property sales and home characteristics throughout the UK. The algorithm works by comparing relationships between home prices, economic trends and property characteristics in given geographic areas. Our estimates are constantly refined, using the most recent data available from public sources combined with our proprietary used-generated data and a variety of statistical methodologies, in order to provide the most current information on any home.
Zoopla Limited is a privately held company with a highly experienced and proven management team, backed by well-respected angel investors and leading venture capital firms Atlas Venture (atlasventure.com) and Octopus Ventures (octopusventures.com).
- Winner: 'UK's Most Promising Internet Company 2008' (First Tuesday)
- Winner: 'Best Property Website - Gold Award' (Web User Magazine)
- Winner: 'Best Real Estate website 2008' (Websiteoftheyear.co.uk)