Key indicators for buyers
The NP6 market is moderately favourable for buyers. Prices are rising at 154.5%, 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 NP6 sold for £980,000 in 2018, with a median of £980,000 across 1 transactions. Prices rose 154.5% compared to the previous year.
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 £980,000 with a 25% deposit (£245k), a 2-year fixed mortgage at 3.97% costs around £3,867 per month.
Monthly cost comparison based on current data
Uses NP6 avg. price with Monmouthshire rental data
Monthly mortgage payments (£3,867) are £2,881 more than renting (£986). However, buying requires an upfront deposit of £245k — it would take around 20417 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
WHITEBROOK FISH FARM, LLANVACHES NP6 3BA | Other | £980,000 | 7 Mar 2018 |
THE COTTAGE, CROSSWAY GREEN NP6 5LX | Detached | £385,000 | 4 Nov 2016 |
11, THE GREENWAYS, MAGOR NP6 3LJ | Detached | £377,000 | 13 Aug 2015 |
12, WELSH STREET NP6 5LN | Terraced | £105,000 | 10 Jan 2013 |
THE SHEEPFOLD, KINGS COURT, BISHTON NP6 2DZ | Detached | £315,000 | 23 Aug 2010 |
THE STORES, WOODCROFT NP6 7HY | Detached | £108,500 | 15 Feb 2006 |
1, PEREGRINE COURT, UNDY NP6 3PT | Detached |
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.
| £158,500 |
| 8 Jul 2003 |
THE COTTAGE, UNDY NP6 3EN | Detached | £150,000 | 25 Jun 2003 |
THE COTTAGE, CROSSWAY GREEN, CHEPSTOW NP6 5LX | Detached | £190,000 | 11 Jul 1997 |
THE NOOK, VICTORIA ROAD, BULWARK NP6 5QW | Detached | £59,950 | 15 Dec 1995 |
The most recent recorded sale in NP6 was a other property for £980,000 in March 2018. Across the last 10 sales, the median price was £190,000.