Torfaen

Area Guide For Torfaen

Torfaen is set within the historic boundaries of Monmouthshire. The city of Cardiff is only 20 minutes away by car or a hop on the train will get you there in little to no time. A population of around 91,000 respectful and friendly, ready to help you fit in with a warm and welcoming greeting each and everyday. Torfaen boasts a range of attractions including an 18th century ironworks with preserved cottages which were once the home of ironworkers but have now been furnished to depict the times of years gone by; the award winning Big Pit National Coal Museum where visitors can experience at first-hand what life was like for generations of miners.

           

 
 

Torfaen Map

Estimated Price: £143,785
Average Asking Price: £183,896
Price change in last one year: £6,274
Average Price Paid: £132,524
Average Rent Rates: £564

 
 

Property Prices Breakdown in Torfaen

Average Price for property in Torfaen is around £143,785 which varies based on type of property you are interested in and ranges from £241,544 for detached house to around £136,130 for semi-detached. Similarly terraced house is around £104,635 and a flat is worth £81,646. Values have been changing and have risen £648 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £325 in last 6 months, £6,274 in last 1 year, £13,504 in last 2 years, £11,769 in last 3 years, £14,009 in last 4 years and £12,478 in last 5 years.

Currently average asking price of a property in Torfaen is around £183,896 based on approximately 878 properties for sale. Same is the case with rental options based on 79 properties up for rent, average asking rent is around £564 per month.

Estimated property value in Torfaen is £143,785. Average asking price is £183,896 while average price paid is £137,012 which is up by £6,274 and Avg. asking rent £564.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 Torfaen area. In last 1 year alone average price buyer paid is around £137,012 based on approximately 878 sales in Torfaen area alone. If you compare it to last 3 years sales of 2,578 properties where buyers paid around £134,394. 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 £132,524 for 4,075 and average amount paid for purchase of approx. 5,580 properties sold in last 7 years comes to about £132,101 per sale.

 
 

Properties For Sale in Torfaen

 
 

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 £78,150, £101,047 for a 2 bedroom house, £138,482 for a 3 bedroom house, £282,124 for a 4 bedroom house and £365,982 for a 5 bedroom house. For a flat similarly the prices varies from £60,733 for a single bedroom to £87,655 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £70,450 and £245,000 for a 4 bedroom flat. To sum up the asking prices for properties in Torfaen it comes to around average £69,442 for 1 bedroom property, £98,460 for 2 bedroom, £137,647 for 3 bedroom, £281,712 for 4 bedroom and £365,982 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 £375 for 1 bedroom to £482 for 2 bedrooms, £540 for 3 bedrooms, £750 for 4 bedrooms and £949 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £379. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £442 and £425 for 3 bedroom. You should be generally be expecting around average £378 rent per month for single bedroom property, £470 for 2 bedroom, £532 for 3 bedroom, £750 for 4 bedroom and approximately £949 for a 5 bedroom property in Torfaen area.

Popular Houses in Torfaen

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.

Sold Properties in Torfaen

Areas in and around Torfaen