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