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.