Property trends for NP26

    NP26 covers the area around Monmouth and the surrounding communities in the west of Monmouthshire, positioned in the eastern edge of Wales close to the English border. It is a rural and semi-rural district with a mix of market town character and countryside appeal, attracting those seeking a quieter pace of life.

    At a Glance

    Average Property Price - NP26

    £325,138

    50

    National percentile

    Average Monthly Rent - NP

    £858

    28

    National percentile

    Average Net Household Income - NP26

    £39,210

    55

    National percentile

    Flat / Maisonette Yield - NP

    6.0%

    71

    National percentile

    10-Year Annualised Price Growth - NP26

    4.7%

    84

    National percentile

    10-Year Annualised Rent Growth - NP

    4.9%

    94

    National percentile

    Property Price & Volume Trends

    The latest average property price in NP26 is £325,000, placing it close to the national average. Over the past decade, prices have grown at 4.7% annually—significantly faster than most UK postcodes, reflecting among the strongest growth nationally. Transaction volume has declined noticeably, with 271 sales in the latest full year compared to a 10-year average of 369 per year.

    Rent & Yield Trends

    Average monthly rent in the broader NP area stands at £858, well below the national average. Rents have risen at 4.9% per year over the past decade—among the fastest growth rates seen nationally. The flat yield now stands at 6.0%, up from a 10-year average of 5.1%, indicating improving returns for buy-to-let investors.

    Income & Affordability Trends

    Average net household income of £39,210 is close to the national average. The price-to-income ratio has risen to 9.0x from 7.0x in 2016, signalling that property has become less affordable relative to local earnings over the period. Rental affordability has also tightened, with the rent-to-income ratio rising to 24.1% from 23.1% in 2016.

    Resident Demographic Profile

    The population is notably older than average, with those aged 50–64 representing 22.6% and those 65+ at 22.3%, compared to national averages of 19.8% and 19.6% respectively. Housing tenure shows higher rates of outright ownership (39.8%) and mortgage-backed ownership (34.4%) than nationally, with correspondingly lower private renting (10.2%). The working-age population is skewed towards older age groups, reflected in a higher share of those aged 16–24 (8.5%), slightly below the national average of 11.0%.

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