Property trends for SA31

    SA31 covers the Carmarthenshire area in South West Wales, centred on towns and villages across the mid-Wales countryside. It is a predominantly rural and semi-rural district with strong appeal to families and those seeking a quieter pace of life outside major urban centres.

    At a Glance

    Average Property Price - SA31

    £234,761

    23

    National percentile

    Average Monthly Rent - SA

    £716

    10

    National percentile

    Average Net Household Income - SA31

    £35,024

    31

    National percentile

    Flat / Maisonette Yield - SA

    4.8%

    12

    National percentile

    10-Year Annualised Price Growth - SA31

    4.5%

    81

    National percentile

    10-Year Annualised Rent Growth - SA

    3.5%

    28

    National percentile

    Property Price & Volume Trends

    The latest average property price in SA31 is £235,000, placing it well below the national average. Over the past decade, prices have grown at 4.5% annually—a pace among the fastest nationally, suggesting sustained buyer demand despite the lower absolute price level. Transaction activity has moderated recently, with 197 sales in the latest full year compared to a 10-year average of 267 per year.

    Rent & Yield Trends

    Average monthly rent across the broader SA postcode area stands at £716, significantly below the national average, reflecting the rural character of the region. Rental growth over the past decade has been modest at 3.5% annually, below the national pace. The flat yield has improved to 4.8% in the latest year from a 10-year average of 4.1%, indicating strengthening returns for buy-to-let investors.

    Income & Affordability Trends

    Average net household income of £35,024 is below the national average. The price-to-income ratio of 5.7x has improved slightly from 5.9x in 2016, suggesting modest gains in purchase affordability over the period. Rental affordability has improved more noticeably: the rent-to-income ratio has fallen from 23.8% in 2016 to 21.7% today, easing the burden on renters.

    Resident Demographic Profile

    The population skews notably older, with 25.5% aged 65 and over—well above the national average of 19.6%—and correspondingly lower shares of younger adults. Outright ownership is strong at 40%, significantly above the national average, reflecting the age profile and stable, long-established community. The employment mix is notably weighted towards trades (12.4%) and caring professions (12.0%), both above national levels, while managerial roles (9.6%) are below average.

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