House prices in Torfaen have gone up by an average of over £3,000 in the month of September, according to figures from the Land Registry.
The latest data from the government department reveals that in September 2022 average house prices in Torfaen reached £202,890.
This was up from £199,365 in July, representing over a 1.3 per cent increase. In the last 12 months it has risen by 13.9 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Torfaen here.
How much have house prices increased in Torfaen?
Breaking it down for specific types of housing, all prices saw an increase.
- Detached houses - Up to £354,484 from £348,198 in July
- Semi-detached houses - Up to £204,982 from £201,279 in July
- Terraced houses - Up to £161,684 from £158,852 in July
- Flats - Up to £96,509 from £95,817 in July
How do Torfaen house prices compare to the UK average?
Despite the rise in prices this month, Torfaen is still well below the UK average with typical property value in the nations reaching £294,559 in September.
In cash terms, the average house price in September was £25,556 higher than a year earlier with house price growth accelerating to 9.5 per cent in September 2022. Prices were down by -0.0 per cent month on month.
How much could your house be worth?
We have created this map for the Wales so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of Torfaen are the most expensive for average house prices.
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