Wrexham Buy-to-Let Guide

According to Rightmove, the average price of a property sold in Wrexham over the past year was £193,402. This is substantially cheaper than the UK average of £284,691, as stated by the UK House Price Index.

This average is similar to the previous year and 5% up on the 2021 peak. This subdued growth is characteristic of the 2023 UK property market as a whole, as the market faced a challenging climate last year. Overall growth was sluggish, with some areas even experiencing modest price dips. Wrexham seems to have avoided these price drops on average, which is good news for Wrexham investors.

So, is property a good investment in Wrexham despite the subdued market? According to Savills, UK property’s capital growth looks set to return to growth from 2025, and healthy growth will kick off from 2026. Hearteningly, Wales’ capital growth forecast is 21.4% by 2028, which is higher than the overall UK average of 17.9%.

Wrexham is home to a rich historical past and breathtaking scenery and offers a range of property types. There are both period properties bursting with character and sleek and stylish new-builds on offer. The south of Wrexham is dominated by terraced housing, while there are more rural residential areas to the east and west, and the north is more affluent with pricier properties.

But what is the most popular type of property among buyers in Wrexham? According to Rightmove, semi-detached properties dominated the market last year, selling for an average price of £178,151. This was followed by terraced properties going for an average of £134,743, with detached properties fetching an average of £304,061.

Average Property Prices in LL12

The average property price in this area is £264,513.

Average Rental Yield in LL12

The average rental yield in this area is 4.14%.

Average Property Prices in LL14

The average property price in this area is £176,763.

Average Rental Yield in LL14

The average rental yield in this area is 4.52%.

(Average property prices taken were from Rightmove in March 2024; rental yield estimates were calculated with figures from housesforsaletorent.co.uk in the same period)

What is the Best Area of Wrexham to Invest in?

LL12 is more expensive as it is located to the north of central Wrexham, where there are many in-demand villages close to Chester and, therefore, popular with commuters.

LL14 to the south has the most affordable average property price, but LL11 in the west of Wrexham has the best gross average rental yield. However, prices and yields can vary depending on which part of the postcode area you target. Wrexham generally has less-than-average property prices, allowing investors to grab a good deal on a property. However, the average gross rental yields are not as high as in other regions.

Regeneration

Regeneration is a good indicator of future growth in an area. It can imply increased rental demand,  inflation, and fast capital growth as the city becomes more desirable and attractive.

Wrexham is currently undergoing a revamp due to ongoing regeneration schemes such as the Wrexham Town Centre Masterplan. This project will target key development opportunity sites across central Wrexham, making the town centre more attractive and accessible and improving sustainability.

Location and Transport Links

Wrexham’s strategic location has made it a popular residence of choice for commuters in Wales and North West England.

Thanks to the A5, A483, and M56, Wrexham has good road links to other North Wales areas, Chester, Liverpool, and Manchester in North West England.

When it comes to public transport, Wrexham is home to four railway stations (Wrexham General, Wrexham Central, Gwersyllt and Ruabon). Chester and Crewe are easily accessible, and a direct train to Liverpool was launched in 2019.

Looking forward, Wrexham authorities are eager to improve their already convenient transport links. A direct train to London from Wrexham has been proposed that will run up to five times per day in each direction from as early as next year if given the go-ahead.

New builds are increasingly sought-after as investment properties, but they are usually more expensive when compared to older properties. For this reason, off-plan investment is gaining attention as a strategy for acquiring a newly built property at a discounted price. By investing during the planning/construction stage of development, an investor can take advantage of discounts or payment plans offered by the developer.

As mentioned, new-build investment opportunities are somewhat limited in Wrexham, with most new-build projects comprising housing estates. Therefore, there may not be a diverse choice regarding off-plan investment options. Off-plan investment opportunities are generally more concentrated in urban centres where capital appreciation and rental demand are more guaranteed.