Key indicators for buyers
The NP3 market looks favourable for buyers. Prices have softened (-5.4%), which could present a buying opportunity. Affordability has improved from a peak of 5.0x in 2008 to 4.3x today. Rising rents (£664/mo, +7.0%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
The average property in NP3 sold for £70,000 in 2016, with a median of £70,000 across 1 transactions. Prices fell 5.4% compared to the previous year.
2016averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Blaenau Gwent area
A home in Blaenau Gwent costs 4.3x the local median salary — relatively affordable, improving from a peak of 5.0x in 2008.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Blaenau Gwent area
Average monthly rent in Blaenau Gwent is £664, up 7.0% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Blaenau Gwent price of £70,000 with a 25% deposit (£18k), a 2-year fixed mortgage at 3.97% costs around £276 per month.
Monthly cost comparison based on current data
Uses NP3 avg. price with Blaenau Gwent rental data
Monthly mortgage payments (£276) are £388 less than renting (£664). However, buying requires an upfront deposit of £18k — it would take around 3 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
8, LLANGYNIDR ROAD, BEAUFORT NP3 5DH | Semi-detached | £70,000 | 22 Jan 2016 |
74, KING STREET, NANTYGLO NP3 4LG | Terraced | £74,000 | 30 Jun 2006 |
8, LLANGYNIDR ROAD, BEAUFORT NP3 5DH | Semi-detached | £107,000 | 11 Nov 2005 |
45, WORCESTER STREET, BRYNMAWR NP3 4DA | Semi-detached | £5,000 | 26 Mar 2002 |
11A, ALEXANDRA ROAD, SIX BELLS NP3 2LG | Terraced | £6,500 | 16 Sept 1997 |
4, DUMFRIES PLACE, BRYNMAWR NP3 4RA | Terraced | £16,500 | 21 May 1997 |
11A, ALEXANDRA ROAD, SIX BELLS NP3 2LG |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
| Terraced |
| £1,700 |
| 28 Apr 1997 |
LLANHILLETH FARM, LLANHILLETH NP3 2JT | Detached | £51,000 | 26 May 1995 |
6, NEW HIGH STREET, SIX BELLS NP3 2QG | Semi-detached | £4,250 | 8 Mar 1995 |
The most recent recorded sale in NP3 was a semi-detached property on Llangynidr Road for £70,000 in January 2016. Across the last 9 sales, the median price was £16,500.