Property trends for NP19

    NP19 covers areas in Monmouthshire in the eastern part of South Wales. It is a largely rural and semi-rural locality with a mixed residential character.

    At a Glance

    Average Property Price - NP19

    £211,704

    16

    National percentile

    Average Monthly Rent - NP

    £858

    28

    National percentile

    Average Net Household Income - NP19

    £33,968

    25

    National percentile

    Flat / Maisonette Yield - NP

    6.0%

    71

    National percentile

    10-Year Annualised Price Growth - NP19

    5.1%

    90

    National percentile

    10-Year Annualised Rent Growth - NP

    4.9%

    94

    National percentile

    Property Price & Volume Trends

    The average property price in NP19 is £212,000, placing it well below the national average and among the most affordable areas in the UK. Over the past decade, prices have grown at 5.1% annually—significantly faster than the national average, showing sustained upward momentum. Transaction volumes have slowed recently, with 658 sales in the latest full year compared to a 10-year average of 906, reflecting a moderation in market activity.

    Rent & Yield Trends

    Average monthly rent stands at £858, below the national average. Rental growth has been robust, with 10-year annualised growth of 4.9% well above the national pace, indicating strong tenant demand relative to supply. The flat yield currently sits at 6.0%, up from a 10-year average of 5.1%, suggesting improving returns for buy-to-let investors in the area.

    Income & Affordability Trends

    Average household income is £33,968, meaningfully below the national average. The price-to-income ratio has risen from 5.4x in 2016 to 6.2x today, indicating that affordability for purchase has worsened over the period despite relatively modest price levels. Rental affordability has also tightened slightly, with the rent-to-income ratio rising from 23.1% to 24.1%, though it remains manageable for working households.

    Resident Demographic Profile

    The area has a notably young profile, with 21.5% of the population under 15—above the national average of 17.5%—and a smaller older population (14.3% aged 65+, against 19.6% nationally). Young adults aged 25–34 are overrepresented at 16.7% versus 13.4% nationally. Social rented housing accounts for 20.5% of tenure, above the national average of 16.5%, while outright ownership is below average at 27.6%. The employment profile is marked by a notably high proportion in elementary occupations (16.3% versus 10.2% nationally) and above-average representation in sales and caring roles, reflecting a workforce skewed towards lower-skill and service sectors.

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