Photo: Barnfields in Newtown (Copyright Penny Mayes)
New 2023 data has revealed that the average property sale price has increased by 6.1% in the Newtown area compared to 2022, but the number of sales has decreased dramatically.
Data from HM Land Registry has revealed that during 2023 - 155 property sales were processed for an average price of £254,669. But 2022 data reveals that 246 property sales were processed - a big drop of 91.
However during 2022, the average sale price was £239,217 - £15,451 less than the 2023 average.
The data also reveals that detached properties are the most popular with 58 sales in 2023 and 85 sales in 2022, with averages of £296,827 and £306,429 respectively.
During 2023 there was also average sales of commerical properties of £600,625.
According to Zoopla, their House Price Index, which measures the rise and fall of house prices across the UK, has tracked a -0.3% annual fall in house prices in March 2024.
The average UK house price is now £263,900, which is £910 lower than a year ago and £300 higher than last month.
The pace of house price falls across the UK is slowing, and measures of market activity are on the up. There are a fifth more homes for sale and 9% more agreed sales as consumer confidence improves and mortgage rates stabilise.
The full data can be found below.
Sale Descriptor | 2023 | 2022 |
No. of Sales | 155 | 246 |
Avg Price | £254,669 | £239,217 |
Property Type | 2023 | 2022 |
Detached | 58 | 85 |
Semi Detached | 39 | 48 |
Flat | 5 | 7 |
Terraced | 37 | 78 |
Other (Commercial) | 16 | 28 |
Property Type (Average Sales Price) | 2023 | 2022 |
Detached | £ 296,827.59 | £ 306,429.73 |
Semi Detached | £ 186,594.87 | £ 195,553.67 |
Flat | £ 110,290.00 | £ 101,285.71 |
Terraced | £ 130,245.95 | £ 146,210.51 |
Other (Commercial) | £ 600,625.00 | £ 403,610.04 |
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