Key indicators for buyers
The LL1 market is moderately favourable for buyers. Affordability has improved from a peak of 6.7x in 2008 to 5.3x today. Rising rents (£760/mo, +5.5%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
The average property in LL1 sold for £475,000 in 2021, with a median of £475,000 across 1 transactions.
House price ÷ median earnings · ONS data
Affordability data shown for wider Wrexham area
A home in Wrexham costs 5.3x the local median salary — moderate, improving from a peak of 6.7x in 2008.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Wrexham area
Average monthly rent in Wrexham is £760, up 5.5% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Wrexham price of £475,000 with a 25% deposit (£119k), a 2-year fixed mortgage at 3.97% costs around £1,875 per month.
Monthly cost comparison based on current data
Uses LL1 avg. price with Wrexham rental data
Monthly mortgage payments (£1,875) are £1,115 more than renting (£760). However, buying requires an upfront deposit of £119k — it would take around 990 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
D & G AUTO SERVICES, RHOSDDU LL1 4YL | Other | £475,000 | 9 Apr 2021 |
The most recent recorded sale in LL1 was a other property for £475,000 in April 2021. Across the last 1 sales, the median price was £475,000.
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.