AVERAGE prices flatlined in much of Gwent at the beginning of winter, according to new figures.

Land Registry statistics showed prices only either marginally fell or rose between October and November in Newport, Torfaen and Monmouthshire.

They stayed static in Blaenau Gwent, while values of homes sold in Caerphilly slumped by 4.1 per cent.

House prices in Newport rose by 0.6 per cent to £119,499 over the period - but still fell 5.1 per cent between November 2008 and 2009.

However this was the lowest year-on-year fall for twelve months, after values improved by 2.7 per cent to £118,781 in October.

Prices rose by 0.5 per cent to £104,436 month on month in Torfaen county borough, falling 11.2 per cent year on year.

But Blaenau Gwent saw little movement at all, with prices remaining steady at £84,381 - but up 0.7 per cent on November 2008.

Home buyers in the valley had seen prices leap by 8.4 per cent between September and October 2009.

Caerphilly suffered the largest monthly fall with values dropping by 4.1% from £99,859 to £95,767 - 9.4 per cent year on year.

Meanwhile Gwent’s most rural county took a slight knock in November after four months of price rises.

Monmouthshire house values fell by 0.6 per cent month on month - from £174,260 to £173,285 - and 4.9 per cent year on year.

CITY ADDRESS IS ONE THE MOST EXPENSIVE

A STREET IN Newport is one of the most expensive places to live in Wales, according to the Halifax building society.

House prices in Nant Coch Rise, Ridgeway, averaged £455,221 between 2005 and 2009, the building society said.

That makes it the tenth most expensive street in the country, coming close to Coed y Wenallt in Rhiwbina, Cardiff, and Church Street in Cowbridge.

The dearest avenue is Druidstone Road, Old St Mellons, Cardiff, where houses fetched an average of £621,000 over the period.

But none come close to the most expensive street in the UK - Wycombe Square in London, where a home could fetch £5.4 million.