Market outlook for LL31
Key indicators for buyers
The LL31 market is moderately favourable for buyers. Prices are rising at 54.0%, which may favour acting sooner rather than later. Affordability has improved from a peak of 7.9x in 2007 to 6.8x today.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Conwy area
A home in Conwy costs 6.8x the local median salary — moderate, improving from a peak of 7.9x in 2007.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Conwy area
Average monthly rent in Conwy is £773, up 1.3% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Conwy price of £391,250 with a 25% deposit (£98k), a 2-year fixed mortgage at 3.97% costs around £1,544 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses LL31 avg. price with Conwy rental data
Monthly mortgage payments (£1,544) are £771 more than renting (£773). However, buying requires an upfront deposit of £98k — it would take around 52 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
5, MARINE GARDENS, DEGANWY LL31 9DR | Detached | £585,000 | 14 Jan 2026 |
27, VICTORIA DRIVE LL31 9NY | Semi-detached | £260,000 | 7 Jan 2026 |
49, WALTON CRESCENT LL31 9ET | Semi-detached | £190,000 | 7 Jan 2026 |
GLODDAETH VIEW, GILFACH ROAD LL31 9JX | Detached | £530,000 | 6 Jan 2026 |
14, NANT Y COED LL31 9TZ | Semi-detached | £162,500 | 19 Dec 2025 |
2, GWEL YR AFON LL31 9GD | Terraced | £220,000 | 19 Dec 2025 |
71A, VICTORIA DRIVE LL31 9PG | Detached |
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.