Maesteg

Area Guide For Maesteg

Maesteg (English interpretation: 'Reasonable field') is a town and group in Bridgend County Borough, Wales. Maesteg lies at the northernmost end of the Llynfi Valley, near to the fringe with Neath Port Talbot. In 2011, Maesteg had a populace of 20,612. Truly a piece of Glamorgan, the development of the town began with the opening of ironworks in the 1820s and 1830s. Once a coal mining region, the last pit shut in 1985. With the decay of the coal business and, all the more as of late, the conclusion of one substantial production line creating beatufiers and an alternate assembling vehicle parts, the valley has turned into a private/residence region for the Port Talbot, Bridgend and Cardiff adventure to work zones. 11% (1,867 out of 20,702) of the town's populace talk Welsh. Before the advancement of industry in the 1820s, the Llynfi Valley was a meagerly populated region of scattered ranches. The closest settlement was the town of Llangynwyd found on the slope around two miles south of the present-day town focus of Maesteg.

 
 

Maesteg Map

Estimated Price: £103,272
Average Asking Price: £127,203
Price change in last one year: £6,941
Average Price Paid: £94,447
Average Rent Rates: £466

 
 

Property Prices Breakdown in Maesteg

Average Price for property in Maesteg is around £103,272 which varies based on type of property you are interested in and ranges from £181,124 for detached house to around £104,305 for semi-detached. Similarly terraced house is around £79,066 and a flat is worth £64,298. Values have been changing and have risen £655 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £761 in last 6 months, £6,941 in last 1 year, £4,579 in last 2 years, £8,892 in last 3 years, £5,158 in last 4 years and £5,479 in last 5 years.

Currently average asking price of a property in Maesteg is around £127,203 based on approximately 171 properties for sale. Same is the case with rental options based on 44 properties up for rent, average asking rent is around £466 per month.

Estimated property value in Maesteg is £103,272. Average asking price is £127,203 while average price paid is £94,928 which is up by £6,941 and Avg. asking rent £466.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Maesteg area. In last 1 year alone average price buyer paid is around £94,928 based on approximately 171 sales in Maesteg area alone. If you compare it to last 3 years sales of 481 properties where buyers paid around £94,305. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £94,447 for 828 and average amount paid for purchase of approx. 1,132 properties sold in last 7 years comes to about £94,948 per sale.

 
 

Properties For Sale in Maesteg

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £98,836, £102,545 for a 3 bedroom house, £215,050 for a 4 bedroom house and £289,832 for a 5 bedroom house. For a flat the prices of single bedroom is £57,000. To sum up the asking prices for properties in Maesteg it comes to around average £57,000 for 1 bedroom property, £98,836 for 2 bedroom, £102,545 for 3 bedroom, £215,050 for 4 bedroom and £289,832 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £446 for 2 bedroom to £446 for 3 bedroom and £425 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £381. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £455. You should be generally be expecting around average £381 rent per month for single bedroom property, £450 for 2 bedroom, £446 for 3 bedroom and approximately £424 for 4 bedroom property in Maesteg area.

Popular Houses in Maesteg

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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