House prices in Newport have gone up by an average of over £6,000 in the month of December, according to figures from the Land Registry.
The latest data from the government department reveals that in December 2022 average house prices in Newport reached £243,358.
This was up from £237,036 in November, representing over a 2.7 per cent increase. In the last 12 months it has risen by 10.4 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Newport here.
How much have house prices increased in Newport?
Breaking it down for specific types of housing, all prices saw an increase.
- Detached houses - Up to £425,483 from £413,991 in November
- Semi-detached houses - Up to £255,588 from £248,927 in November
- Terraced houses - Up to £186,426 from £181,838 in November
- Flats - Up to £126,874 from £123,195 in November
How do Newport house prices compare to the UK average?
Despite the rise in prices this month, Newport is still below the UK average with typical property value in the nations reaching £294,329 in December.
In cash terms, the average house price in December was £26,214 higher than a year earlier with house price growth accelerating to 9.8 per cent in December 2022. Prices were down by -0.4 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 Newport are the most expensive for average house prices.
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