Merthyr Tydfil

Area Guide For Merthyr Tydfil

Merthyr Tydfil is a town in Wales, with a population of about 59,500, situated 23 miles north of Cardiff. With a fifth of the County Borough lying within the Brecon Beacons National Park Merthyr Tydfil boasts some dramatic and breathtaking scenery.  Once the Iron capital of the world, Merthyr Tydfil breathes life into its history with attractions such as Cyfarthfa Park, which is home to Cyfarthfa Castle Museum & Art Gallery, Joseph Parry's Cottage and Brecon Mountain Railway to name but a few.


Merthyr Tydfil Map

Estimated Price: £110,375
Average Asking Price: £140,010
Price change in last one year: £716
Average Price Paid: £103,061
Average Rent Rates: £611


Property Prices Breakdown in Merthyr Tydfil

Average Price for property in Merthyr Tydfil is around £110,375 which varies based on type of property you are interested in and ranges from £192,741 for detached house to around £118,394 for semi-detached. Similarly terraced house is around £79,803 and a flat is worth £68,150. Values have been changing and have risen £198 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £969 in last 6 months, £716 in last 1 year, £4,720 in last 2 years, £8,453 in last 3 years, £6,936 in last 4 years and £5,126 in last 5 years.

Currently average asking price of a property in Merthyr Tydfil is around £140,010 based on approximately 606 properties for sale. Same is the case with rental options based on 33 properties up for rent, average asking rent is around £611 per month.

Estimated property value in Merthyr Tydfil is £110,375. Average asking price is £140,010 while average price paid is £105,262 which is up by £716 and Avg. asking rent £611.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 Merthyr Tydfil area. In last 1 year alone average price buyer paid is around £105,262 based on approximately 606 sales in Merthyr Tydfil area alone. If you compare it to last 3 years sales of 1,689 properties where buyers paid around £104,498. 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 £103,061 for 2,663 and average amount paid for purchase of approx. 3,764 properties sold in last 7 years comes to about £102,618 per sale.


Properties For Sale in Merthyr Tydfil


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 1 bedroom is around £85,974, £86,833 for a 2 bedroom house, £110,843 for a 3 bedroom house, £221,747 for a 4 bedroom house and £298,350 for a 5 bedroom house. For a flat similarly the prices varies from £57,450 for a single bedroom to £69,975 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £75,000. To sum up the asking prices for properties in Merthyr Tydfil it comes to around average £78,843 for 1 bedroom property, £86,395 for 2 bedroom, £110,653 for 3 bedroom, £221,747 for 4 bedroom and £298,350 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 £364 for 1 bedroom to £428 for 2 bedroom and £477 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £425. You should be generally be expecting around average £394 rent per month for single bedroom property, £428 for 2 bedroom and approximately £477 for 3 bedroom property in Merthyr Tydfil area.

Popular Houses in Merthyr Tydfil

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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Areas in and around Merthyr Tydfil