Affordable housing discounts have been calculated for each local housing market area, as identified in the Local Housing Market Assessment 2022-2037.
These reflect local house prices and median household incomes for each small area.
Affordable housing discounts
This table shows the discounts that will be applied to intermediate products for sale (both low cost home ownership and intermediate rent) across the five local housing market areas.
Registered social landlords will be able to purchase intermediate rental properties using the same discount as low cost home ownership products.
Source: CACI PayCheck & Land Registy Price Paid data
| Local housing market area | Discount off open market value (OMV) |
|---|
| LHMA1 West |
37% |
| LHMA2 Creuddyn |
37% |
| LHMA3 Central |
35% |
| LHMA4 East |
38% |
| LHMA5 Rural |
33% |
Affordable housing discount calculations
This table shows how the discounts have been calculated.
The median house price figure is produced from analysis of all properties sold within Conwy County Borough within a twelve month period. The median household income includes the entire household and is calculated using the CACI PayCheck data for the same twelve month period as the house price data.
A 5% deposit is now accepted by many mortgage providers and is the minimum required to be considered eligible for Conwy’s affordable housing register and other national schemes such as Welsh Government’s Help to Buy.
Source: CACI PayCheck & Land Registry Price Paid data
| Local housing market area | Median household income | 3.5x household income | 5% deposit | 3.5x household income plus 5% | Median house price | % of open market value (OMV) payable | Discount off open market value (OMV) |
|---|
| LHMA1 West |
£37,256 |
£130,396 |
£6,520 |
£136,916 |
£217,500 |
63% |
37% |
| LHMA2 Creuddyn |
£37,986 |
£132,951 |
£6,648 |
£139,599 |
£222,500 |
63% |
37% |
| LHMA3 Central |
£36,257 |
£126,900 |
£6,345 |
£133,245 |
£205,000 |
65% |
35% |
| LHMA4 East |
£33,612 |
£117,642 |
£5,882 |
£123,524 |
£200,000 |
62% |
38% |
| LHMA5 Rural |
£38,441 |
£134,544 |
£6,727 |
£141,271 |
£210,000 |
67% |
33% |
Housing market areas
The housing market areas include the following electoral divisions (wards):
- LHMA1 West: Bryn, Pandy, Penmaenmawr
- LHMA2 Creuddyn: Conwy, Craig y Don, Deganwy, Glyn y Marl, Gogarth Mostyn, Llansanffraid, Penrhyn, Tudno
- LHMA3 Central: Colwyn, Eirias, Glyn, Llandrillo yn Rhos, Llysfaen, Mochdre, Rhiw
- LHMA4 East: Gele and Llanddulas, Kimnel Bay, Pensarn Pentre Mawr, Towyn
- LHMA5 Rural: Betws yn Rhos, Betws y Coed and Trefriw, Caerhun, Eglwys-bach a Llangernyw, Llanrwst a Llanddoged, Uwch Aled, Uwch Conwy
Housing market areas and wards map
This map shows the boundaries of the housing market areas and wards.
Source: Natural Resources Wales and Ordnance Survey open data, 2023
Contains public sector information licensed under the Open Government Licence v3.0.
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