Property trends for SA15

    SA15 covers the Llanelli area and its surrounding villages in Carmarthenshire, south Wales. It is a long-established community with a mixed residential and industrial heritage, offering affordable living with good local amenities and transport links.

    At a Glance

    Average Property Price - SA15

    £181,569

    8

    National percentile

    Average Monthly Rent - SA

    £716

    10

    National percentile

    Average Net Household Income - SA15

    £32,850

    18

    National percentile

    Flat / Maisonette Yield - SA

    4.8%

    12

    National percentile

    10-Year Annualised Price Growth - SA15

    3.4%

    42

    National percentile

    10-Year Annualised Rent Growth - SA

    3.5%

    28

    National percentile

    Property Price & Volume Trends

    The latest average property price in SA15 is £182,000, placing it among the most affordable neighbourhoods nationally. Over the past decade, prices have grown at 3.4% annually — a pace slightly below the national average, reflecting the area's steady but modest appreciation. Transaction volume has moderated in the latest year, with 370 sales recorded against a 10-year annual average of 526, suggesting quieter recent market activity.

    Rent & Yield Trends

    Average monthly rent across the broader SA postcode area stands at £716, well below the national average and among the most affordable in the country. Over ten years, rents have risen at 3.5% annually — slower than the national pace. The rental yield has strengthened, standing at 4.8% in the latest year compared to a 10-year average of 4.1%, indicating improving returns for landlords.

    Income & Affordability Trends

    Average net household income in SA15 is £32,850, well below the national average and among the lowest nationally. The price-to-income ratio has drifted slightly upward to 5.3x from 5.2x in 2016, signalling a modest tightening of purchase affordability. Rental affordability has improved considerably, however: the rent-to-income ratio has fallen to 21.7% from 23.8% in 2016, reflecting slower rent growth relative to earnings.

    Resident Demographic Profile

    The age profile is notably older than average, with 21.3% aged 65 and above against a national average of 19.6%, and a correspondingly lower proportion in the 16–24 age group at 9.3%. Housing tenure shows a higher rate of outright ownership at 37.6%, reflecting the area's mature population. The employment mix is distinctive for a pronounced concentration in caring roles, which account for 13.3% of workers against a national average of 9.2%, and a higher proportion in trade occupations at 11.7%.

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