NEWS

Average house prices in Newtown rise

The average house prices in Newtown have witnessed a remarkable surge in the past decade, making it increasingly difficult for potential homeowners to step onto the property ladder.

1 year ago   1 minute read    2,066 views

The image for Average house prices in Newtown rise

Photo: Ben Wolf (with permission)

Share            Listen to the story

The average house prices in Newtown have witnessed a remarkable surge in the past decade, making it increasingly difficult for potential homeowners to step onto the property ladder.

According to recent data from Varbes, a typical home in the SY16 postcode is now valued at a staggering £186,000, signifying an extraordinary rise compared to prices just ten years ago.


  Other Trending Stories

    A decade ago, a budget of £150,000 would have sufficed to purchase an average home in three settlements within the SY16 postcode (Newtown, Kerry and Tregynon). However, the current market landscape paints a different picture, with no settlements within Newtown boasting typical home prices below this threshold. This drastic shift underlines the tremendous growth in property values and the challenges faced by aspiring homeowners.

    Kerry, a small village on the outskirts of Newtown, has emerged as the most expensive locality. A typical home in Kerry now commands an eye-watering price tag of £241,000, marking a jaw-dropping increase of £91,000 over the past ten years. The affluent area has experienced an impressive 60.7% surge in average property prices, making it an increasingly exclusive and sought-after destination for buyers with deep pockets.

    Contrasting the trend, the most affordable area in remains within the town itself. With an average property value of £177,000, Newtown provides relatively more accessible options for potential homeowners. Nonetheless, even in this more economical zone, prices have seen a notable increase of 58.0% over the last decade, underscoring the widespread upward trajectory in the local housing market.

    Further analysis reveals significant disparities within Newtown's neighborhoods. Dolerw Park Drive, situated north of the River Severn, boasts the title of the wealthiest street, with an average property value estimated at an astonishing £468,000.

    In terms of size, the street with the most spacious properties in Newtown possesses an average house size of 2,117 square feet, more than double the average home size of 950 square feet. Milford Road, again north of the River Severn, showcases the largest properties, and with a price tag of £413,000.

    While the rising average house prices in Newtown reflect the growing prosperity and desirability of the area, it presents a significant challenge for potential buyers, particularly those with limited budgets.

    You've viewed 1 stories so far!

    All About Newtown is an independent not-for-profit online news and information service for the town of Newtown in Mid Wales. We provide ad-free content, so rely on reader subscriptions and donations to run.

      Donate via PayPal

    Related or similar stories based on this one

    Image for the article Petrol prices down in December
    Petrol prices down in December

    1 year ago

    Image for the article Average sale price increase by 6.1% in Newtown
    Average sale price increase by 6.1% in Newtown

    1 year ago

    Image for the article Petrol retailers to be 'forced' to share data
    Petrol retailers to be 'forced' to share data

    1 year ago

    Business of the Week
    Buck Inn

    High Street

    Follow us

    Connect with us on Facebook, X (formerly Twitter), Instagram and Google News

         

    Trending
    Donate to us

    We're a not-for-profit community interest company and have no corporate owners. We'd appreciate anything you can give to keep us providing free content.

      Donate via PayPal
    Upcoming Events
    Newtown Outdoor Festival

    28/06/25 10:00am

    Sydnie Christmas

    01/11/25 07:30pm

    Latest Stories
    Reform councillors question allowance increase

    1 month ago

    Senedd rejects Conservative calls for £660m tax cuts

    1 month ago

    Newtown councillor steps down from Cabinet

    1 month ago