Key indicators for buyers
The NP5 market is moderately favourable for buyers. Prices are rising at 26.1%, which may favour acting sooner rather than later. 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
The average property in NP5 sold for £290,000 in 2018, with a median of £290,000 across 1 transactions. Prices rose 26.1% compared to the previous year.
2018averages · 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 £290,000 with a 25% deposit (£73k), a 2-year fixed mortgage at 3.97% costs around £1,144 per month.
Monthly cost comparison based on current data
Uses NP5 avg. price with Monmouthshire rental data
Monthly mortgage payments (£1,144) are £158 more than renting (£986). However, buying requires an upfront deposit of £73k — it would take around 11 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
10, WONASTOW ROAD NP5 4DG | Detached | £290,000 | 4 Jul 2018 |
62, PARC PANTEG, GRIFFITHSTOWN NP5 5YJ | Detached | £230,000 | 21 Apr 2011 |
10, WONASTOW ROAD, MONMOUTH NP5 4DG | Detached | £200,000 | 30 Apr 2003 |
2, BEAUFORT CRESCENT, MONKSWOOD NP5 1QL | Semi-detached | £69,000 | 31 Jul 2002 |
The most recent recorded sale in NP5 was a detached property on Wonastow Road for £290,000 in July 2018. Across the last 4 sales, the median price was £230,000.
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.