Property prices in Neath Port Talbot

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Latest prices in Neath Port Talbot for Terraced properties

The latest figures show that the average price for a Terraced property in Neath Port Talbot has now reached £128,347 as of Feb 2024. This value is based upon the average value of completed property transactions in the month of February.

Average prices for a Terraced property have increased substantially over the longer term in Neath Port Talbot. Back in January 1995, prices for this type of property averaged £28,464 based on sales at the time. Fast forward to January 2024, and averages reached £128,768 - representing a growth of 352% over 29 years.

This substantial triple-digit percentage rise in Terraced property values far outpaced broader inflation over the same period. Rising household incomes, strong local economy, high demand and constrained supply all likely contributed to the steep price inflation seen for Terraced homes in Neath Port Talbot over the past 3 decades.

Our data is sourced directly from HM Land Registry and their UK House Price Index report. This dataset is updated several times a year and we always attempt to have the most up to data information available.

The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage. Properties have been included in England and Wales since January 1995, in Scotland since January 2004, and in Northern Ireland since January 2005, Data is available at a national and regional level, as well as counties, local authorities and London boroughs.

Cited from HM Land Registry

Terraced prices in Neath Port Talbot over the last 12 months

DatePrice
Mar 2023£131,189
Apr 2023£129,640
May 2023£127,587
Jun 2023£128,384
Jul 2023£128,720
Aug 2023£127,472
Sep 2023£126,798
Oct 2023£126,659
Nov 2023£134,804
Dec 2023£134,126
Jan 2024£128,768
Feb 2024£128,347

Recent trends for prices in Neath Port Talbot

The latest figures from February 2024 indicate the property market in Neath Port Talbot continues to show falling price trends. Compared to January, 2024, average prices decreased by -0.3% to £161,772. On an annual basis, average property prices have decreased -6.7% since 12 months ago.

In terms of sales activity, there were 64 residential property transactions completed in Neath Port Talbot during February, 2024. Of these purchases, 34 were financed with a mortgage while 16 were all-cash sales. For cash buyers, average prices have changed by -0.3% since January, 2024, coming in at around £151,921. For properties purchased with a mortgage, the average price changed by -0.2% since January, 2024, to £166,912.

Compared to the overall picture in its national parent Wales, the average property price in Neath Port Talbot are lower than the current national average of £210,717. While Neath Port Talbot saw a change of -0.3% over the last month, Wales as a whole recorded a percentage change of 0.4% in average property values. And on an annual basis, prices across Wales have contracted by -1.2%, more than the -6.7% yearly change seen in Neath Port Talbot.

Interested in purchasing a property in Neath Port Talbot? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.

Average price in Neath Port Talbot by housing type

Prices last recorded in February, 2024

average

£161,772

detached

£244,344

flat

£82,474

semi-detached

£157,375

terraced

£128,347

Prices by housing type in Neath Port Talbot

Recent data shows that price growth has varied across different property types in Neath Port Talbot over the last year. For terraced houses, property prices changed by -0.3% between February 2024 and January 2024 to reach £128,347, and changed by -7.1% over the last 12 months. The annual change was greater than the -2.5% change seen for terraced homes in Wales overall.

Meanwhile, semi-detached properties saw a fall in average prices locally, taking them to £157,375 in January 2024. This represents a -0.2% change from the same month last year.This is underperforming the -0.4% annual change in semi-detached values across the country.

Detached homes in Neath Port Talbot lost -0.3% month-over-month to reach an average of £244,344. Annually, detached property values have changed by -6.4%. This is weaker price growth compared to Wales's -0.6% change for detached houses over the year.

For apartments and flats, average prices decreased by -0.5% between February and January 2024, hitting £82,474. Over the last 12 months, apartment values have changed by -8.5%, lagging Wales's flat and apartment growth rate of -1.1%.

Overall, detached properties have seen the strongest price momentum locally over the past year, with a change of -6.4%, while flat properties lagged, with a change of -8.5%.

Recent purchases in Neath Port Talbot

According to data from HM Land Registry, there were 64 completed property purchases in the area of Neath Port Talbot in February 2024. Of these sales, 16 were recorded as cash purchases whilst 34 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by -6.7% and the percentage of properties purchased with cash has changed by -6.7%.

The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website

Looking for a specific property type?

Use one of the following links to find more specific information about the type of property you're looking for in neath-port-talbot.

All property prices in neath-port-talbot

Detached property prices in neath-port-talbot

Semi-Detached property prices in neath-port-talbot

Flat & Apartment property prices in neath-port-talbot

First Time Buyer prices in neath-port-talbot

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