By Elliot Castle, Founder and CEO of home-buying company WeBuyAnyHome
The increasing number of new-build homes, easy transport links and the scrapping of the Severn tolls have all been cited as key reasons why Newport has recently been identified as Britain’s fastest-moving property market.
The average time it now takes to secure a buyer for a property has fallen from 76 to 52 days, highlighting the demand in the area.
So, with houses in Newport selling faster there than they do anywhere else in the country, I’ve pulled together my roundup of the key up-and-coming areas that are perfect for investment.
Bassaleg
Located two miles north west of Newport city centre, Bassaleg offers good transport links, schools and a close-knit community. Access to Cardiff Central is also convenient, taking just 19 – 22 minutes on the train, perfect for those working in the city. Bassaleg School is also one of the most notable local educational institutes in south east Wales, known for its sporting and academic prowess.
Average property price: £198,963
Local hotspot: The Ruperra Arms
Caerleon
Caerleon is located on the northern outskirts of Newport, situation on the River Usk and, most famously, is an area of archaeological importance. The area is the location of a notable Roman legionary fortress, Isca Augusta, and an Iron Age hillfort, therefore offering an area of historical importance and untouched countryside for inhabitants. It also offers excellent transport links to Newport, Cardiff and Bristol and the M4 sits right on its doorstep.
Average property price: £228,168
Local hotspot: Caerleon Roman Fortress and Baths
Ponthir
A primarily residential area, Ponthir lies six miles south west of Newport city centre. In recent years there have been several new housing estates built around the older village, and the town offers all the amenities you’d need, including pubs, a grocery shop, a doctor’s surgery and a dentist. The area is perfect for young couples and families looking to relocate, as the area offers an idyllic village environment, with playgrounds, nurseries, and plenty of green open spaces.
Average property price: £279,433
Local hotspot: Ponthir House Inn
Rhiwderin
A small community west of Newport, the original village lies across a level crossing alongside the Ebbw Valley Railway and off the main A468 Newport to Caerphilly Road. The village is home to a range of quaint houses within terrace-lined streets and has all the amenities you’d need for village life, just miles from the hustle and bustle of the city.
Average property price: £193,098
Local hotspot: Fox Hill, a short walk away, north of the village
Elliot is the Founder and CEO of WeBuyAnyHome – the UK’s number one home buying service, visit www.webuyanyhome.com for more details.
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