House prices increased slightly in the Vale of Glamorgan in October, new figures show.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 4% annual growth .

The average the Vale of Glamorgan house price in October was £234,274, Land Registry figures show – a 0.2% increase on September.

Over the month, the picture was similar to that across Wales, where prices increased 0.7% , and the Vale of Glamorgan outperformed the 0.7% drop for the UK as a whole.

Over the last year, the average sale price of property in the Vale of Glamorgan rose by £8,900 – putting the area 11th among Wales’s 22 local authorities for annual growth.

The best annual growth in the region was in Merthyr Tydfil, where properties increased on average by 11.8%, to £117,000. At the other end of the scale, properties in Blaenau Gwent dropped 3.2% in value, giving an average price of £89,000.

Winners and Losers

Owners of semi-detached houses saw the biggest improvement in property prices in the Vale of Glamorgan in October – they increased 0.8%, to £239,946 on average. Over the last year, prices rose by 4.6%.

Among other types of property:

Detached: up 0.3% monthly; up 4.5% annually; £384,824 average

Terraced: up 0.2% monthly; up 4.1% annually; £183,819 average

Flats: down 1.1% monthly; up 0.9% annually; £146,065 average

First steps on the property ladder

First-time buyers in the Vale of Glamorgan spent an average of £ 194,600 on their property – £6,600 more than a year ago, and £35,700 more than in October 2014.

By comparison, former owner-occupiers paid £ 269,000 on average in October – 38.3% more than first-time buyers.

How do property prices in the Vale of Glamorgan compare?

Buyers paid 40.9% more than the average price in Wales (£166,000) in October for a property in the Vale of Glamorgan. Across Wales, property prices are roughly the same as those across the UK, where the average cost £233,000.

The most expensive properties in Wales were in Monmouthshire – £277,000 on average, and 1.2 times as much as in the Vale of Glamorgan. Monmouthshire properties cost 3.1 times as much as homes in Blaenau Gwent (£89,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average October sale price of £1.2 million could buy 14 properties in Burnley (average £87,000).


Average property price in October

The Vale of Glamorgan: £234,274

Wales: £166,245

UK: £232,944

Annual growth to October

The Vale of Glamorgan: +4.0%

Wales: +3.3%

UK: +0.7%

Best and worst annual growth in Wales

Merthyr Tydfil: +11.8%

Blaenau Gwent: -3.2%