Helo a chroeso i
Blog Rhuthun/Ruthin Blog

cyhoeddwyd gan Non Liquet, cydweithwyr a’u tîm

Housing Overheats

The sale subject to contract of three-bed semi no. 81 Haulfrun will set a new record for house prices on that housing estate.

On the market for £230,000, it sold within eight working days and we'd be very surprised if the vendor didn't get either the asking price or very close to it. Such is the housing market, these days. The owner is making hay while the sun shines. The housing market will shortly see a significant collapse, if you believe the pundits.  

Indeed, if this isn't an indication of an overheated housing market, nothing is. When last a 3-bed semi sold on Haulfryn, it managed £145,000 (about 18 months ago). The difference between the January 2021 sale and the current one is that no. 81 benefits from a pitched roof single storey extension adding about a third extra usable space, though the January 2021 dwelling was in a quieter location, being away from the main road with all its inherent misery of rumbling wagons at dawn. We'd say that no. 81 would've been worth about £190,000 had it changed hands in January 2021. 

When no. 81 last sold, in 1998, it went for £43,000. 

There are currently just 14 properties on the market in Rhuthun/Ruthin town. When the market implodes, as it soon surely must, the supply will improve significantly but no one will be able to sell them. Meanwhile, the table below indicates that houses don't currently stay on the market for very long. 

First added June 2022     2    
First added May 2022 5
First added April 2022 1
First added March 2022 1
First added Feb 2022 3†    
First added July 2021 or earlier     2

† two on the market since February 2022 include shop units with their own living accommodation (one a former salon next to Manor House; and the other a salon on Borthyn)


Previous Post Next Post