LL23 comprises Bala and surrounding areas in Gwynedd, North Wales. Over the past five years, property prices have grown at 2.5% compound annual growth rate, while rental yields have expanded faster at 3.8% annually, suggesting stronger tenant demand relative to capital appreciation. Population growth remains modest at 0.5% over the same period. The district scores 45.5 out of 100 on trajectory metrics, placing it in the 24th percentile nationally and indicating average performance relative to UK property markets. The area is classified at the latent stage of gentrification, suggesting limited demographic or economic transformation currently underway. These metrics indicate a stable but slow-moving market characterised by marginal growth across both sales and lettings.
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See plans from £20/moKey signals
- 1Property prices up 1.9% over 5 years (5yr CAGR)
- 2Rents growing at 3.8% per year
- 3Population growing at 0.5% per year
Nearby districts
What's changing in Bala · June 2026
The trajectory score moved up 1.3 points this month to 47/100, driven mainly by safety.
Bala (LL23) common questions
Is Bala up and coming?
Bala (LL23) has a trajectory score of 47/100 (Average), placing it in the top 69% of postcode districts in England and Wales. The score is down 0.9 points over the last 12 months. The score combines price momentum, demand, transformation, economy, safety and risk signals from public data, updated monthly.
Is Bala safe?
Bala has a safety score of 53/100 on Praesago's index, based on police.uk recorded crime data.
What is the average house price in Bala?
The average property price in Bala (LL23) is £197k as of January 2026, based on UK House Price Index data. Prices have grown at 1.9% per year over the last five years.
What is the average rent in Bala?
The median monthly rent in Bala (LL23) is £677 (2026), based on ONS private rental data.
Which areas are near Bala?
Neighbouring postcode districts include Machynlleth (SY20), Dolgellau (LL40), Newtown (SY16), Dolwyddelan (LL25), Corwen (LL21). Each has its own monthly data page on Praesago.
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Disclaimer: Praesago provides data analytics and market intelligence. Nothing on this platform constitutes financial advice, investment advice, or a personal recommendation. Property values can fall as well as rise. Past performance does not predict future results. Seek independent financial and legal advice before making property investment decisions.