Property trends for SA17

    SA17 covers the Tenby area and surrounding communities in southwest Wales, situated on the Pembrokeshire coast. It is a mature, seaside-oriented district with strong appeal to retirees and holiday visitors.

    At a Glance

    Average Property Price - SA17

    £211,347

    15

    National percentile

    Average Monthly Rent - SA

    £716

    10

    National percentile

    Average Net Household Income - SA17

    £34,318

    27

    National percentile

    Flat / Maisonette Yield - SA

    4.8%

    12

    National percentile

    10-Year Annualised Price Growth - SA17

    4.2%

    72

    National percentile

    10-Year Annualised Rent Growth - SA

    3.5%

    28

    National percentile

    Property Price & Volume Trends

    Property in SA17 is significantly below the national average, in the bottom quartile nationally. The district has seen solid price growth over the past decade, at 4.2% annually, which is faster than most of the UK. Transaction activity has eased recently, with 139 sales in the latest year against a 10-year average of 166, suggesting a modest softening in market momentum.

    Rent & Yield Trends

    Rental levels in the broader SA area are well below the national average, in the bottom decile nationally. Rent growth over the past decade has been muted, at 3.5% annually, well below the national pace. Yields have improved, currently standing at 4.8% against a 10-year average of 4.1%, reflecting the relative strength of the rental market relative to capital values.

    Income & Affordability Trends

    Household incomes are materially below the national average, in the bottom third nationally. The price-to-income ratio of 6.2x has deteriorated since 2016, when it stood at 5.4x, indicating that homes have become less affordable on local earnings. Rental affordability has improved noticeably, with the rent-to-income ratio falling from 23.8% in 2016 to 21.7% today.

    Resident Demographic Profile

    SA17 is notably older than the national profile: those aged 50–64 comprise nearly a quarter of the population against a national average of under one-fifth, and those aged 65+ represent over a quarter compared to under one-fifth nationally. The district is dominated by outright ownership at 48%, substantially above the national average of 34%, with correspondingly low levels of mortgage and private rented tenure. The employment mix is skewed towards trades (15.3%) and caring occupations (11.9%), both above national norms, while the professional workforce is slightly below average.

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