Property trends for SA62

    SA62 covers Newgale, Solva, Letterston and surrounding villages in north Pembrokeshire, Wales, situated along the Cardigan Bay coast. The area is characterised by rural charm and coastal appeal, with a strong community spirit and recreational attractions.

    At a Glance

    Average Property Price - SA62

    £278,476

    36

    National percentile

    Average Monthly Rent - SA

    £716

    10

    National percentile

    Average Net Household Income - SA62

    £34,184

    26

    National percentile

    Flat / Maisonette Yield - SA

    4.8%

    12

    National percentile

    10-Year Annualised Price Growth - SA62

    3.5%

    49

    National percentile

    10-Year Annualised Rent Growth - SA

    3.5%

    28

    National percentile

    Property Price & Volume Trends

    The average property price in SA62 is £278,000, placing it below the national average—among the cheaper areas nationally. Over the past decade, prices have grown at 3.5% annually, broadly in line with the UK average. Transaction activity has declined, with 223 sales in the latest year compared to a 10-year annual average of 297, suggesting a quieter market currently.

    Rent & Yield Trends

    Average monthly rent in the wider SA postcode area stands at £716, significantly below the national average—among the cheapest areas for rental costs. Rental growth has averaged 3.5% annually over ten years, below the national pace. The current flat yield of 4.8% exceeds the 10-year average of 4.1%, reflecting improving returns for buy-to-let investors.

    Income & Affordability Trends

    Average household income is £34,184, below the national median—among the lower-earning areas. The price-to-income ratio of 9.2x has worsened since 2016 (7.8x), indicating that property prices have outpaced income growth and purchase affordability has deteriorated. Rental affordability has improved: the rent-to-income ratio has fallen from 23.8% in 2016 to 21.7% currently.

    Resident Demographic Profile

    SA62 has a notably older population, with over a quarter aged 65 and above (compared to 19.6% nationally) and a significantly elevated 50–64 age band at 23.1%. The under-16s and 16–24 age groups are both below national averages, reflecting limited youth retention. Housing tenure is distinctive: over half of homes are owned outright (50.3%, well above the 33.7% national figure), while private renting is substantially lower at 13.7%. Employment is skewed towards trades at 18.6%—markedly above the national 10.5%—while professional occupations are slightly underrepresented.

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