Sold!

There's gotta be a property price crash in the offing. Surely, we cannot continue with this over-inflated bull housing market. When houses on Parc Brynhyfryd, for example, reach the market for £435,000 and are selling for £400,000 you know that the world's gone crazy. It isn't as if any of them are particularly well built. 

The significant cost of homes reflects the lack of supply and a continued demand. Part of the problem is that there aren't any upper-end houses being built. Large houses on Glasdir aren't that big and, in any case, there are connotations, thanks to the indiscriminate River Clwyd (just sayin'). And, there are few properties on the market. Currently, there are just 15 available that aren't currently SSTC. Rightmove suggests that there are 50 that are. Leaving aside the New House outlier (below), there's only one property available in Rhuthun/Ruthin over £260,000. 

When in August 2015 the 6-bed New House within the castle grounds came on the market, we commented that at £695,000 few of us could even contemplate buying. It sold subject to contract in January 2016. 

As of March 28th, 2022, it's back on the market, this time for a cool £1,400,000. Nice investment. It's value has basically doubled in six years. Beats a building society deposit account hands down. 

Coincidentally, the 2022 price for 5-bed Coppins on Bryn Goodman is the same at New House in 2015. It's taken 15 months and an £80,000 price drop to sell Coppins, subject to contract. It's probably not helped that there was such uncertainty at next door The Nooke but at least there's building on-going, which means prospective purchasers get a feel for what'll be to their doorsetp.

Meanwhile, a rather stark yet imposingly elevated detached 3-bed house on Llanfair Road on the edge of town added on March 7th for £595,000 has also sold. Cavendish Ikin have added a fourth bedroom, on the ground floor and describe part of the exterior as a 'large lawned area immediately adjoining the southern elevation'. You've gotta love estate agent speak. Do they mean a garden on the south side?

Agincourt sold almost immediately it went on the market, before the work on it. It's been subject to an accelerated programme of modernisation (ha! I'm starting to sound like Huw Evans!) that actually is an almost total reconstruction. The new owners moved in during mid-March. 

The former solicitors' office known as Llanrhydd Manor also sold earlier this month. That needs a ton of work to convert it from business premises to a dwelling and we wonder whether this will terminate as flats. The asking price was £335,000 when added in September 2021. Because it was offices, the exterior is very arid and swims in a sea of concrete. There's ugly street furniture protruding above the front wall which Williams has managed to hide from their photographer's angle.