Cardiff or Newport?

Looking to invest in South Wales but dont know where to start?

Here’s a quick comparison between Cardiff and Newport property with key rental information.

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Cardiff Lettings

Over the last 12 months, the average rent achieved for properties let in Cardiff was £754 per month.

59% of properties let in the past 12 months were flats, achieving an average rental value of £690 per month. Houses achieved an average rent of £850 per month.

Newport Lettings

Over the last 12 months, the average rent achieved for properties let in Newport was £645 per month.

40% of properties let in the past 12 months were flats, achieving an average rental value of £586 per month. Houses achieved an average rent of £719 per month.

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Profile of properties let

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Cardiff Housing Stock

• 60.5% of residents within Cardiff own their own homes while 22.2% live in privately rented accommodation.

• In 2011 there were 148,218 dwellings within Cardiff. 27.2% of properties are flats while houses make up 72.8% of housing stock.

• In the last five years there have been 3021 new private homes built across the Local/Unitary Authority of Cardiff, an average of 604.2 per year.

Newport Housing Stock

• 65.4% of residents within Newport own their own homes while 14.3% live in privately rented accommodation.

• In 2011 there were 62,522 dwellings within Newport. 17.8% of properties are flats while houses make up 82.2% of housing stock.

• In the last five years there have been 2741 new private homes built across the Local/Unitary Authority of Newport, an average of 548.2 per year.

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Average Prices Cardiff

• Over the last 12 full months there have been 3,296 sales in Cardiff. This is a –43% change on the previous 12 month period. The average sales price was £220,572.

• 21% of sales in the past 12 months were flats, achieving an average sales price of £148,288 . Houses achieved an average price of £244,934. The total value of sales was £717,181,521.

• The highest value recorded by the Land Registry over the past 12 months was £670,000 for a flat and £1,500,000 for a house.

Average Prices Newport

• Over the last 12 full months there have been 1,545 sales in Newport. This is a –42% change on the previous 12 month period. The average sales price was £179,266.

• 8% of sales in the past 12 months were flats, achieving an average sales price of £98,440 . Houses achieved an average price of £189,067. The total value of sales was £273,077,053.

• The highest value recorded by the Land Registry over the past 12 months was £270,000 for a flat and £1,175,000 for a house.

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Summary

So, hopefully by now your mouth is watering wanting to know more. Where would I suggest you put your money? Well, get in touch and let’s chat. With many more local insights that can help maximise your investments we can see what approach is best.

Use the chat button, or visit my agency website www.handmproperties.co.uk

You can call on 029 2168 0006 or follow me on;

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