The Real Cost of Buying a First Home in Aberaeron
A first purchase at the £310,000 Aberaeron average needs about £39,400 in cash, made up of £31,000 deposit, £5,100 Land Transaction Tax, and roughly £3,300 in fees.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to.
A first purchase at the £310,000 Aberaeron average needs about £39,400 in cash, made up of £31,000 deposit, £5,100 Land Transaction Tax, and roughly £3,300 in fees.
The full cash number for Aberaeron
On the local average the deposit is £31,000, Land Transaction Tax is £5,100 and fees are near £3,300. Total cash needed is about £39,400.
Wales has no first time buyer relief, so Land Transaction Tax is the full £5,100 at this price. Land Transaction Tax is collected by the Welsh Revenue Authority. Confirm the current rates on gov.wales before you complete.
Where the upfront cash goes
The commercial page for this town sets out the introduction itself: Mortgage advice in Aberaeron.
What you can borrow against local incomes
Running costs from week one
Band D council tax in Ceredigion is £2,429 a year, which is £202 a month. Add energy, water, insurance and maintenance.
Protection belongs in the same budget. If the mortgage depends on two incomes, it depends on both people staying well enough to earn. That is the part of the purchase we advise on directly.
The Aberaeron detail first buyers ask about
The schools families ask about here are Ysgol Gyfun Aberaeron, Ysgol Gynradd Aberaeron, Ysgol Ciliau Parc, Ysgol Gynradd Ceinewydd (New Quay) and Ysgol Bro Pedr (Lampeter). Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Aberaeron to Aberystwyth takes about ~30 to 40 min drive.
By price, Aberaeron ranks 1 of the 8 Ceredigion locations we cover, at £310,000 against a county average of £252,500. Band D council tax here is £2,429, against £2,441 across the county.
Wales has no first time buyer relief, so Land Transaction Tax applies at the normal rates. Homes up to £225,000 pay none.
What your money buys in Aberaeron
Aberaeron is the elegant Georgian planned harbour town of Cardigan Bay, famous painted houses.
The full local guide covers schools, transport and the market in detail: Aberaeron property and area guide.
| Budget | What it buys here |
|---|---|
| Around £170,000 to £240,000 | A flat or smaller cottage, the most accessible way into the town, popular with first-time buyers and downsizers. |
| Around £240,000 to £420,000 | A town terrace, a Georgian town house or a semi-detached family home, the heart of the Aberaeron market. |
| £420,000 and above | A sought-after painted harbour-front house or a larger detached or sea-view home, the top of the local market. |
- One of the loveliest small towns in Wales, a Georgian painted harbour
- A genuine food destination with independent restaurants & the harbour
- Cardigan Bay dolphins & the coast on the doorstep
- The administrative heart of Ceredigion, with a settled civic character
- Strong Welsh-medium schooling & a Welsh-language community
- No railway, the nearest stations are Aberystwyth & Carmarthen
- The nearest A&E is at Bronglais in Aberystwyth, ~30 to 40 min away
- Prices sit above the county average, a sought-after town
- A real second-home & holiday-let market, with a Ceredigion second-home premium
- Coastal & harbour flood risk needs a careful check
Aberaeron is known locally for The painted Georgian harbour, and Cardigan Bay dolphins & boat trips. The purpose-built harbour and the rows of brightly painted Regency houses around it, the enduring image of Aberaeron and one of the loveliest scenes in Wales.
Practical detail for Aberaeron: the SA46 postcode district, none, nearest stations Aberystwyth (Cambrian Line, ~30 to 40 min) & Carmarthen (West Wales line, ~1 hr) and nearest A and E is Bronglais General Hospital, Aberystwyth, the mid-Wales 24-hour A&E, ~30 to 40 min; verify with NHS.
Aberaeron at a glance
| Upfront cost | Aberaeron figure |
|---|---|
| Average price | £310,000 |
| Deposit at 10% | £31,000 |
| Land Transaction Tax | £5,100 |
| Legal, survey and moving | £3,300 |
| Total cash needed | £39,400 |
| Monthly repayment illustration | £1,631 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Aberaeron
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- Total cash of about £39,400, not just the deposit
- Your Land Transaction Tax position confirmed on gov.wales
- A first year running cost budget including £2,429 council tax
- Income protection quoted before completion, not after
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to.
Check broadband before you make an offer in Aberaeron
Broadband speeds can vary street by street in Aberaeron, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
How much money do I need to buy a first home in Aberaeron?
Do first time buyers pay Land Transaction Tax in Aberaeron?
What is the biggest hidden cost?
How do I check broadband speed at a property in Aberaeron?
Read next
Your home may be repossessed if you do not keep up repayments on your mortgage.