Property trends for NP23

    NP23 covers the Monmouth area in south-east Wales, positioned on the border with England. It is a market with strong community character, appealing to those seeking a quieter, rural setting with good access to larger centres.

    At a Glance

    Average Property Price - NP23

    £176,159

    7

    National percentile

    12 month avg at 31 Jul 2026

    Average Monthly Rent - NP

    £868

    26

    National percentile

    Estimate at 31 Jul 2026

    Average Net Household Income - NP23

    £31,064

    11

    National percentile

    2023 census data

    Flat / Maisonette Yield - NP

    6.0%

    62

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Price Growth - NP23

    6.1%

    98

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Rent Growth - NP

    5.1%

    96

    National percentile

    Estimate at 31 Jul 2026

    Street Rankings — NP23

    Top 5 streets in NP23 ranked by 3-year average sale price.

    #Street3Y Avg
    1Clos Lon Fawr£488,000
    2The Crescent£465,000
    3Coalbrook Vale Court£436,000
    4Intermediate Road£418,750
    5Mountain Road£390,000

    Latest Rent — NP23

    Property Price & Volume Trends

    The average property price in NP23 is £165,000, placing it among the cheapest nationally. Despite this low price level, the area has delivered impressive growth: annualised gains of 5.5% over the past decade put it among the strongest performers across the UK. Transaction activity has slowed recently, with 301 sales in the latest year compared to a 10-year average of 401—a decline of about a quarter.

    Rent & Yield Trends

    Average monthly rent stands at £858, below the national midpoint. Rental growth has been robust, however, with rents rising at 4.9% per year over the decade—among the fastest-growing areas nationally. Flat yield has improved materially, moving from a 10-year average of 5.1% to a current 6.0%, reflecting the stronger rental backdrop relative to price growth.

    Income & Affordability Trends

    Average household income is £31,064, significantly below the national average. This low income relative to property prices creates affordability strain: the price-to-income ratio stands at 5.3x, worsening notably from 3.9x in 2016. Rental affordability has also deteriorated slightly, with rent-to-income rising from 23.1% to 24.1% over the same period.

    Resident Demographic Profile

    The population skews older than the national average, with 20.2% aged 65 and above (compared to 19.6% nationally) and 21.7% aged 50–64 (against 19.8% nationally). Social rented housing is notably above average at 23.6%, reflecting the area's more disadvantaged profile. Employment is dominated by caring roles (15.4%, well above the 9.2% national average) and plant/machine operators (13.2% against 6.6% nationally), with professionals significantly underrepresented at 12.1%.

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