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Average sale price increase by 6.1% in Newtown

New 2023 data has revealed that the average property sale price has increased by 6.1% in the Newtown area compared to 2022, but the number of sales has decreased dramatically.

7 months ago   1 minute read    1,994 views

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New 2023 data has revealed that the average property sale price has increased by 6.1% in the Newtown area compared to 2022, but the number of sales has decreased dramatically.

Data from HM Land Registry has revealed that during 2023 - 155 property sales were processed for an average price of £254,669. But 2022 data reveals that 246 property sales were processed - a big drop of 91.


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However during 2022, the average sale price was £239,217 - £15,451 less than the 2023 average.

The data also reveals that detached properties are the most popular with 58 sales in 2023 and 85 sales in 2022, with averages of £296,827 and £306,429 respectively.

During 2023 there was also average sales of commerical properties of £600,625.

According to Zoopla, their House Price Index, which measures the rise and fall of house prices across the UK, has tracked a -0.3% annual fall in house prices in March 2024.

The average UK house price is now £263,900, which is £910 lower than a year ago and £300 higher than last month.

The pace of house price falls across the UK is slowing, and measures of market activity are on the up. There are a fifth more homes for sale and 9% more agreed sales as consumer confidence improves and mortgage rates stabilise.

The full data can be found below.

Sale Descriptor 2023 2022
No. of Sales 155 246
Avg Price £254,669 £239,217

 

Property Type 2023 2022
Detached 58 85
Semi Detached 39 48
Flat 5 7
Terraced 37 78
Other (Commercial) 16 28

 

Property Type (Average Sales Price) 2023 2022
Detached  £  296,827.59  £  306,429.73
Semi Detached  £  186,594.87  £  195,553.67
Flat  £  110,290.00  £  101,285.71
Terraced  £  130,245.95  £  146,210.51
Other (Commercial)  £  600,625.00  £  403,610.04

 

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