Property trends for NP13

    NP13 covers the central and eastern parts of Monmouth and its surrounding villages in south-east Wales, positioned between the Wye Valley and the Brecon Beacons. It is a mixed community blending market town amenities with rural character, appealing to both families and those seeking affordable countryside living.

    At a Glance

    Average Property Price - NP13

    £142,943

    2

    National percentile

    Average Monthly Rent - NP

    £858

    28

    National percentile

    Average Net Household Income - NP13

    £29,721

    7

    National percentile

    Flat / Maisonette Yield - NP

    6.0%

    71

    National percentile

    10-Year Annualised Price Growth - NP13

    6.9%

    99

    National percentile

    10-Year Annualised Rent Growth - NP

    4.9%

    94

    National percentile

    Property Price & Volume Trends

    Properties in NP13 are among the cheapest nationally, with an average price of £143,000. Despite this modest level, the area has experienced exceptional growth over the past decade, with prices rising by 6.9% annually—among the fastest-growing areas in the UK. Transaction activity has slowed compared to its 10-year average, with 192 sales in the latest full year against a historical norm of 243.

    Rent & Yield Trends

    Average monthly rent stands at £858, below the national midpoint. Rental growth has been strong at 4.9% annually, outpacing most areas nationally. Yields have improved to 6.0% in the latest year from a 10-year average of 5.1%, reflecting favourable conditions for rental investors.

    Income & Affordability Trends

    Average household income of £30,000 is well below the national average, placing the area among the least affluent regions. The price-to-income ratio of 4.1x has risen since 2016 (3.4x), indicating that purchasing power has deteriorated relative to property prices. Rental affordability has similarly worsened, with rent-to-income rising from 23.1% to 24.1%, though rent remains manageable for working households.

    Resident Demographic Profile

    The population skews notably older than average, with over-50s making up 42% compared to the national figure of 39.4%. The 16–24 age group is underrepresented at 9.1% versus the national 11.0%. Employment is dominated by manual and caring roles: plant and machinery workers (14.8%), caring professions (15.2%), and trades (11.9%) are all significantly above national averages, while professional and managerial roles (11% and 7.6% respectively) fall well short of the national norm.

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