Key indicators for buyers
The NP16 market is moderately favourable for buyers. Prices have softened (-23.8%), which could present a buying opportunity. Affordability has improved from a peak of 10.3x in 2021 to 8.0x today. Rising rents (£986/mo, +3.7%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Monmouthshire area
A home in Monmouthshire costs 8.0x the local median salary — moderate, improving from a peak of 10.3x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Monmouthshire area
Average monthly rent in Monmouthshire is £986, up 3.7% 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 Monmouthshire price of £326,869 with a 25% deposit (£82k), a 2-year fixed mortgage at 3.97% costs around £1,290 per month.
Monthly cost comparison based on current data
Uses NP16 avg. price with Monmouthshire rental data
Monthly mortgage payments (£1,290) are £304 more than renting (£986). However, buying requires an upfront deposit of £82k — it would take around 14 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
13, ALPHA ROAD, BULWARK NP16 5QX | Terraced | £261,000 | 23 Jan 2026 |
2A, SEVERN AVENUE, TUTSHILL NP16 7EF | Detached | £345,000 | 23 Jan 2026 |
1, ARLINGTON COURT, SEDBURY NP16 7EZ | Detached | £460,000 | 22 Jan 2026 |
12, PIERCEFIELD AVENUE NP16 5JB | Detached | £430,000 | 9 Jan 2026 |
10, NORMANDY WAY NP16 5NB | Semi-detached | £359,950 | 9 Jan 2026 |
12, WESLEY GARDENS, DEVAUDEN NP16 6PZ | Semi-detached | £259,000 | 7 Jan 2026 |
56, AUST CRESCENT, BULWARK NP16 5NL | Terraced |
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.
The average property in NP16 sold for £326,869 in 2026, with a median of £303,000 across 8 transactions. Prices fell 23.8% compared to the previous year.
| £240,000 |
| 6 Jan 2026 |
10, KING ALFREDS ROAD, SEDBURY NP16 7AG | Semi-detached | £260,000 | 5 Jan 2026 |
SEVERN VIEW COTTAGE, PWLLMEYRIC NP16 6LA | Detached | £790,000 | 19 Dec 2025 |
45, ST LAWRENCE PARK NP16 6DP | Detached | £647,500 | 19 Dec 2025 |
5, AUBREY CLOSE NP16 5UN | Semi-detached | £290,000 | 19 Dec 2025 |
3, TEMPEST DRIVE NP16 5AY | Terraced | £329,950 | 19 Dec 2025 |
7, KINGDOM COURT NP16 5UY | Terraced | £346,000 | 18 Dec 2025 |
106, ST LAWRENCE PARK NP16 6DQ | Detached | £335,000 | 18 Dec 2025 |
23, ST DAVIDS CLOSE, BULWARK NP16 5JZ | Terraced | £235,000 | 18 Dec 2025 |
1, HILLSIDE COTTAGES, MYNYDDBACH NP16 6RU | Semi-detached | £425,000 | 15 Dec 2025 |
(KLIMCZAK), PWYLLMERIC HOUSE, PWLLMEYRIC NP16 6LA | Detached | £765,000 | 15 Dec 2025 |
33A, BRIDGE STREET NP16 5EY | Terraced | £285,000 | 12 Dec 2025 |
16, ST TEWDRICS PLACE, MATHERN NP16 6JW | Semi-detached | £268,000 | 12 Dec 2025 |
FLAT 5, RIVERSIDE MILL, THE BACK NP16 5HS | Flat/Maisonette | £202,500 | 12 Dec 2025 |
The most recent recorded sale in NP16 was a terraced property on Alpha Road for £261,000 in January 2026. Across the last 20 sales, the median price was £335,000.