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Reason home in North Wales' most expensive village has a 'cheap' price tag

The village on the Pen Llyn is a property hotspot - driven by demand for second homes and holiday lets

The average price of a home in Abersoch is around £500K (Image: Ian Cooper/North Wales Live)

Abersoch is one of the most expensive places to buy property in the whole of Wales. The village on the Pen Llyn is a property hotspot - driven by demand for second homes and holiday lets.

This has pushed out many locals and the school and the community's primary school was forced to close in 2021 due to low pupil numbers. The average price of a home is around £500,000 while a beach hut went on sale earlier this year with a guide price of £250,000.

That's why it's surprising a four bed semi-detached has gone on the market at a relatively cheap (for Abersoch) price of £275,000, with LWH Land and Property in charge of the sale. The reason for the lower than average house price is that there are conditions placed on who can occupy the property - meaning it can't become the latest second home in the village.

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While there is talk of lots of new rules to protect the local housing market this is actually an old condition as part of the Housing Act of 1985. The property on Maes Gwydryn had been a local authority home and despite being bought there is an ongoing restriction over who can live there.

Home for sale on Maes Gwydryn in Abersoch

It means it can only be lived in by someone who has lived and worked in Gwynedd consecutively for a minimum of three years. This rules out anyone seeking a second home or those from outside the area looking for a retirement property.

Many are calling for more new builds with specific local conditions in place to support young people and families to stay in their communities. Tourism chiefs believe this is a better way of controlling the market than restrictions on holiday homes.