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 viewsPhoto: Barnfields in Newtown (Copyright Penny Mayes)
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.
Other Trending Stories
- Newtown chapel sells for £200k
- Shop to close after nearly a century
- See what's on next week in our area (W49)
- Opinion: Support Our Local Newtown Shops this Christmas
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 |
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 PayPalRelated or similar stories based on this one
Business of the Week
Follow us
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