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Buying A Remote Property In Wales
The property market in Wales is flourishing in 2020 in spite of the recent difficulties in the Welsh property market. Between July 2019 and July 2020 prices rose by 3.6% which is the highest increase over the UK. Agents have reported an unprecedented demand for property both in towns and in rural areas due to the stamp duty in Wales and low interest rates.
All of these factors make Wales a very attractive place to buy but which area is the best? If you prefer solitude and quiet a remote property in Wales could be just what you are looking for. Buying a remote property in Wales is not for the fainthearted but can be a successful move if you do it right. Below you can read some facts about remote property in Wales and information that could help if you are thinking about investing in property or a move.
Is It A Good Idea To Move To A Remote Property?
The location you choose will make a big difference. Can you cope with living in the middle of nowhere and swapping your on-the-doorstep amenities for next to nothing? It is a good idea to take time for a period of reflection before deciding to move to a remote property in Wales. You could enjoy an amount of financial freedom especially if you are selling a small flat in a large city and buying a remote cottage in the countryside, even allowing you to live mortgage free if finances allow.
There are good reasons why remote and rural properties are cheap so a reality check is needed before you take that big step. If you have children you will need a good school within reach of your home. Socialisation can be in short supply in remote areas of Wales so if you are an outgoing person who thrives on meeting people maybe it is wise to think again. Remote properties in Wales which initially appear so attractive can, on further investigation, be wrong for many people.
Tips When Buying A Remote Property In Wales
When investing in a remote property in Wales it is good to have a plan and to think ahead. If you want the property as an investment you will need to consider infrastructure and local amenities otherwise it could be hard to find a tenant. Think about things like broadband connectivity, transport links and waste disposal. Talk to local agents who will be able to advise on the best area to search.
Some remote parts of Wales have planning restrictions so if you are looking at renovation there could be bureaucratic hurdles to overcome. Check out access to the property as this could be compromised if the adjoining land is farmed. There might be preservation orders in place for endangered species. When it comes to buying rural property in Wales it pays to do a lot of research and consult local experts before you consider buying. It is also worth investigating property auctions in Wales which often have bargain properties at very reasonable prices compared to estate agents.
Property In Wales FAQ
Can I Get A Cheap Remote Property In Wales?
House prices are rising faster in Wales than in other parts of the UK but there are still some cheap properties especially in remote areas. A one bedroom cottage outside the hamlet of Rhayader can be bought for £110,000. A two bedroom cottage in the Brecon Beacons can be purchased for around £130,000.
How Do I Find A Remote Property For Sale In Wales?
The first step to finding a remote property in Wales is to search in your area of interest. There are several Welsh websites that specialise in selling remote properties. If you want to buy in a particular area you can contact a local estate agent for details of any properties available. Property auctions are another good source of properties in Wales.
Is It Cheap To Live In A Remote Property In Wales?
Overall it is cheaper to live in Wales than in England. However, the cost of living will also depend upon the location of your home. Property is cheaper but living in a remote area brings other costs. You will need transport and possibly heating oil instead of gas. Food prices in local shops may also be more expensive.
Coastal Property In Wales
Moving to the coast is a dream for many people and in Wales you can find some outstanding remote properties close to the sea. All across Pembrokeshire and Carmarthenshire there are beautiful bungalows with stunning sea views and no nearby neighbours. Although Wales attracts millions of visitors each year there are many properties that lie outside of the normal tourist areas.
Some of the modernised coastal remote properties in Wales have been fully upgraded with solar panels that fuel the electricity supply. Many have the most up to date kitchens and bathrooms and you could get one with a log burner. Like a lot of remote properties, even modernised houses will often have a cesspit instead of main drains so this is something to take into account.
Which Part Of Wales Has The Best Remote Properties?
Wales has the most glorious scenery with mountains, rivers and forests. You can find remote properties in many areas with cottages, converted chapels and farmhouses ready for occupation. The Snowdonia National Park is a favourite place although prices in the park could be higher than some other parts of Wales. The Black Mountains which overlook the River Wye is another beautiful environment to look for a property as is the Brecon Beacons.
Prices may be cheaper in out of the way places like the wilds of the Cambrian Mountains or along the Pembrokshire Coastal Path. A Welsh estate agent is a good place to start if you are searching for a remote property in Wales. You can also check out online advertisements and research the area to see if it meets your expectations. Look for property auctions in North Wales as well as houses sold by auction in South Wales.
Pros And Cons Of Living In A Remote Welsh Home
Wales is a beautiful country with its own language and culture. Just like any other country there are advantages and disadvantages and these become more pronounced if you are moving to a remote property.
Wales has a lower cost of living than other parts of the UK and the Welsh people are very friendly. Living in a remote house gives you much more privacy than living in a built up area. You will be living in wonderful countryside and there is amazing wildlife on right your doorstep. Property situated far away from towns and villages can be less expensive so you get more value for your money. You will also have good access to the historic castles, cathedrals and festivals that take place every year.
Living in a remote area means keeping a good supply of essentials as shops are liable to be further away. Children may have to travel some miles to school. Communication can be a problem if broadband is patchy so if you depend on this for work you must look into the situation in the area you are interested in. There can be transport difficulties when living in a very rural part of the country, especially during the winter months. Even though Wales has some of the most beautiful mountains and countryside, the roads are often narrow and it rains a lot making driving sometimes hazardous.
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