Neath

Area Guide For Neath

Pelenna is an electoral ward coterminous with a community in Neath Port Talbot county borough, south Wales. The ward consists of some or all of the following areas: Cefn-Saeson, Tonmawr, Pontrhydyfen in the parliamentary constituency of Neath. Pelenna is bounded by the wards of: Resolven to the north; Cymmer to the east; Bryn and Cwmavon to the south; Briton Ferry East and Cimla to the west; and Tonna to the northwest. The ward comprises open moorland to the north west and dense woodland to the south east with the largest settlements in Tonmawr and Pontrhydyfen. Famous people of recent times and yesteryear who were born in the area include: Richard Burton, and Ivor Emmanuel. The Pelenna male voice choir appeared on the BBC's Songs of Praise, as the backing singers with Katherine Jenkins, of Neath. In the 2012 local council elections, the electorate turnout for Pelenna was 59.89%. The results were:
 
 

Neath Map

Estimated Price: £123,904
Average Asking Price: £148,890
Price change in last one year: £3,722
Average Price Paid: £115,153
Average Rent Rates: £532

 
 

Property Prices Breakdown in Neath

Average Price for property in Neath is around £123,904 which varies based on type of property you are interested in and ranges from £198,170 for detached house to around £111,349 for semi-detached. Similarly terraced house is around £84,459 and a flat is worth £77,198. Values have been changing and have risen £1,232 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,238 in last 6 months, £3,722 in last 1 year, £7,080 in last 2 years, £9,428 in last 3 years, £4,990 in last 4 years and £7,389 in last 5 years.

Currently average asking price of a property in Neath is around £148,890 based on approximately 700 properties for sale. Same is the case with rental options based on 125 properties up for rent, average asking rent is around £532 per month.

Estimated property value in Neath is £123,904. Average asking price is £148,890 while average price paid is £121,987 which is up by £3,722 and Avg. asking rent £532.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 Neath area. In last 1 year alone average price buyer paid is around £121,987 based on approximately 700 sales in Neath area alone. If you compare it to last 3 years sales of 2,069 properties where buyers paid around £117,451. 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 £115,153 for 3,292 and average amount paid for purchase of approx. 4,420 properties sold in last 7 years comes to about £116,028 per sale.

 
 

Properties For Sale in Neath

 
 

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 £94,788, £95,907 for a 2 bedroom house, £116,414 for a 3 bedroom house, £225,233 for a 4 bedroom house and £314,046 for a 5 bedroom house. For a flat similarly the prices varies from £57,475 for a single bedroom to £67,667 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £61,248. To sum up the asking prices for properties in Neath it comes to around average £84,127 for 1 bedroom property, £95,006 for 2 bedroom, £115,999 for 3 bedroom, £225,233 for 4 bedroom and £314,046 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 £343 for 1 bedroom to £422 for 2 bedroom, £471 for 3 bedroom and £594 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £328. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £418 and £464 for 3 bedroom. You should be generally be expecting around average £336 rent per month for single bedroom property, £421 for 2 bedroom, £471 for 3 bedroom and approximately £594 for 4 bedroom property in Neath area.

Popular Houses in Neath

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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