Housing Market Analysis for SOMERSET WAY, NP16 5NP

Are you looking to understand NP16 5NP house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Monmouthshire postcode.

For the location information and nearby amenities in the NP16 5NP area, explore the NP16 5NP Area information page.
For comprehensive crime statistics in the NP16 5NP area, explore the NP16 5NP Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NP16 5NP postcode area, The average prices are as follows,

Terraced
- The average price is around £151,382 median price is £129,475 Standard Deviation is £55,067 with Total Sold: 20
- The Last 5 Year average price is £225,200 with Total Sold: 6
- The most recent sale happened at this postcode is 8 SOMERSET WAY: £210,000 (Sold on 26 Jan 2024)
- The first recorded sale happened at this postcode is 2 SOMERSET WAY: £70,000 (Sold on 18 May 2001)
Semi-Detached
- The average price is around £173,167 median price is £175,250 Standard Deviation is £69,080 with Total Sold: 12
- The Last 5 Year average price is £242,375 with Total Sold: 4
- The most recent sale happened at this postcode is 19 SOMERSET WAY: £260,000 (Sold on 15 Sep 2023)
- The first recorded sale happened at this postcode is 19 SOMERSET WAY: £48,000 (Sold on 28 Jul 1995)
Flat
- The average price is around £12,000 median price is £12,000 Standard Deviation is £0 with Total Sold: 1
- The most recent sale happened at this postcode is 54 SOMERSET WAY: £12,000 (Sold on 11 Feb 2002)
- The first recorded sale happened at this postcode is 54 SOMERSET WAY: £12,000 (Sold on 11 Feb 2002)

Sold Price Trend Over the Years:

Below table and chart gives the average NP16 5NP house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£210,000	£1,944	1
2023	£242,000	£3,152	2
2021	£219,067	£2,882	3
2018	£190,000	£2,468	1
2016	£136,225	£1,769	2
2015	£122,500	£1,601	2
2014	£127,000	£1,598	2
2013	£135,000	£1,776	1
2010	£92,000	£1,242	1
2005	£122,500	£1,577	2
2004	£105,000	£1,341	1
2001	£69,000	£894	2

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£260,000	£2,796	1
2020	£272,000	£2,142	1
2019	£218,750	£2,408	2
2018	£240,000	£2,243	1
2015	£197,000	£1,551	1
2012	£153,500	£1,566	1
2011	£115,000	£1,292	1
2006	£153,000	£1,719	1
2003	£109,000	£1,112	1
2002	£93,000	£1,000	1
1995	£48,000	£516	1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2002	£12,000		1

All the Sales in the SOMERSET WAY, NP16 5NP

See the table below for more details on the sold house prices in the NP16 5NP, Monmouthshire postcode.

Address	Sold Date	Price	% Change
8 SOMERSET WAYTerraced, FreeholdArea: 108 Sq.mtrAge: 1950-1966	26 Jan 2024	£210,000	First Sale
19 SOMERSET WAYSemi-Detached, FreeholdArea: 93 Sq.mtrAge: 1950-1966	15 Sep 2023	£260,000	26.83%
	21 Nov 2019	£205,000	120.43%
	30 Aug 2002	£93,000	93.75%
	28 Jul 1995	£48,000	First Sale
5 SOMERSET WAYTerraced, FreeholdArea: 76.57 Sq.mtrAge: 1950-1966	29 Aug 2023	£244,000	First Sale
4 SOMERSET WAYTerraced, FreeholdArea: 77 Sq.mtrAge: 1950-1966	10 May 2023	£240,000	84.69%
	20 May 2016	£129,950	First Sale
6 SOMERSET WAYTerraced, FreeholdArea: 75 Sq.mtrAge: 1950-1966	14 Oct 2021	£220,200	First Sale
12 SOMERSET WAYTerraced, FreeholdArea: 77 Sq.mtrAge: 1950-1966	31 Aug 2021	£240,000	26.32%
	17 May 2018	£190,000	52.00%
	20 Mar 2014	£125,000	First Sale
16 SOMERSET WAYTerraced, FreeholdArea: 76 Sq.mtrAge: 1950-1966	26 Jan 2021	£197,000	64.17%
	17 Apr 2015	£120,000	First Sale
28 SOMERSET WAYSemi-Detached, FreeholdArea: 127 Sq.mtrAge: 1950-1966	19 Mar 2020	£272,000	38.07%
	11 Dec 2015	£197,000	First Sale
40 SOMERSET WAYSemi-Detached, FreeholdArea: 89 Sq.mtrAge: 1950-1966	12 Nov 2019	£232,500	51.96%
	09 Jun 2006	£153,000	First Sale
30 SOMERSET WAYSemi-Detached, FreeholdArea: 107 Sq.mtrAge: 1950-1966	23 Nov 2018	£240,000	First Sale
10 SOMERSET WAYTerraced, FreeholdArea: 77 Sq.mtrAge: 1950-1966	12 Aug 2016	£142,500	14.00%
	06 Feb 2015	£125,000	4.17%
	27 May 2005	£120,000	First Sale
17 SOMERSET WAYTerraced, FreeholdArea: 82 Sq.mtrAge: 1950-1966	19 Sep 2014	£129,000	First Sale
1 SOMERSET WAYTerraced, FreeholdArea: 76 Sq.mtrAge: 1950-1966	21 May 2013	£135,000	First Sale
36 SOMERSET WAYSemi-Detached, FreeholdArea: 98 Sq.mtrAge: 1950-1966	03 Dec 2012	£153,500	40.83%
	23 May 2003	£109,000	First Sale
34 SOMERSET WAYSemi-Detached, FreeholdArea: 89 Sq.mtrAge: 1950-1966	05 Jul 2011	£115,000	First Sale
9 SOMERSET WAYTerraced, FreeholdArea: 74.08 Sq.mtrAge: 1950-1966	22 Dec 2010	£92,000	First Sale
2 SOMERSET WAYTerraced, FreeholdArea: 78.32 Sq.mtrAge: 1950-1966	01 Feb 2005	£125,000	19.05%
	23 Jan 2004	£105,000	50.00%
	18 May 2001	£70,000	First Sale
54 SOMERSET WAYFlat, Leasehold	11 Feb 2002	£12,000	First Sale
18 SOMERSET WAYTerraced, Freehold	19 Oct 2001	£68,000	First Sale

Check out the sold house prices near the NP16 5NP postcode. Properties currently for saleProperties currently for rent

SOMERSET WAY, NP16 5NP Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NP16 5NP postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the NP16 5NP postcode.

Flat
- The average price is around £87,085 median price is £91,750 Standard Deviation is £30,539 with Total Sold: 66
- The Last 5 Year average price is £118,662 with Total Sold: 12
- The most recent sale happened at this postcode is , 12 MEADS COURT: £140,000 (Sold on 19 Aug 2024)
- The first recorded sale happened at this postcode is , 15 MEADS COURT: £35,000 (Sold on 02 Feb 1995)
Semi-Detached
- The average price is around £126,324 median price is £123,000 Standard Deviation is £69,102 with Total Sold: 697
- The Last 5 Year average price is £244,200 with Total Sold: 90
- The most recent sale happened at this postcode is , 29 BURNT BARN ROAD: £247,500 (Sold on 16 Aug 2024)
- The first recorded sale happened at this postcode is , 5 BISHOPS CLOSE: £44,950 (Sold on 25 Jan 1995)
Terraced
- The average price is around £118,739 median price is £120,000 Standard Deviation is £61,859 with Total Sold: 1,144
- The Last 5 Year average price is £217,627 with Total Sold: 179
- The most recent sale happened at this postcode is , 98 MAPLE AVENUE: £240,000 (Sold on 08 Jul 2024)
- The first recorded sale happened at this postcode is , 28 SYCAMORE AVENUE: £44,000 (Sold on 03 Jan 1995)
Detached
- The average price is around £173,142 median price is £180,000 Standard Deviation is £85,501 with Total Sold: 379
- The Last 5 Year average price is £306,609 with Total Sold: 57
- The most recent sale happened at this postcode is , 20 THORNWELL ROAD: £470,000 (Sold on 14 Jun 2024)
- The first recorded sale happened at this postcode is , 10 CLARENDON CLOSE: £68,995 (Sold on 27 Jan 1995)
Other
- The average price is around £527,928 median price is £297,500 Standard Deviation is £549,677 with Total Sold: 7
- The Last 5 Year average price is £567,899 with Total Sold: 5
- The most recent sale happened at this postcode is , GARAGE 45 JAMES STEPHENS WAY: £297,500 (Sold on 14 Jun 2023)
- The first recorded sale happened at this postcode is , UNIT 1A BEAUFORT PARK WAY: £775,000 (Sold on 02 Jun 2016)

Sold Price Trend Over the Years:

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£145,000		2
2023	£98,000	£2,333	1
2022	£139,950	£2,413	1
2021	£125,167	£2,398	3
2020	£120,000	£2,430	2
2019	£93,500	£1,960	3
2018	£95,833	£2,061	3
2017	£98,500	£1,791	2
2016	£99,500	£1,698	3
2015	£122,000	£2,261	2
2014	£90,300	£1,651	5
2013	£91,333	£1,661	3
2011	£91,000	£1,846	1
2010	£79,875	£1,619	4
2009	£89,000		5
2008	£124,950	£2,550	1
2007	£111,000	£2,000	2
2006	£97,625	£2,201	4
2004	£99,725	£2,428	2
2003	£68,817	£1,333	3
2002	£48,780	£962	5
2001	£41,000		1
2000	£32,500	£406	1
1999	£39,950		1
1998	£36,500	£560	2
1997	£29,950	£374	1
1995	£37,333	£603	3

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£242,556	£3,125	9
2023	£283,339	£3,380	19
2022	£253,772	£3,389	12
2021	£224,954	£3,134	26
2020	£235,688	£2,789	8
2019	£227,000	£3,016	16
2018	£215,775	£2,622	18
2017	£194,143	£2,387	21
2016	£174,477	£2,253	11
2015	£167,826	£2,225	19
2014	£147,458	£1,883	12
2013	£141,268	£1,990	17
2012	£155,333	£1,788	9
2011	£134,454	£1,557	13
2010	£147,650	£2,028	19
2009	£142,875	£1,859	12
2008	£158,351	£2,245	24
2007	£157,911	£2,209	38
2006	£141,514	£1,898	38
2005	£133,252	£1,994	23
2004	£126,483	£1,688	29
2003	£100,059	£1,480	27
2002	£87,642	£1,209	43
2001	£73,855	£1,038	29
2000	£62,961	£870	37
1999	£55,502	£830	29
1998	£52,156	£710	25
1997	£50,431	£747	37
1996	£45,155	£675	35
1995	£46,461	£676	42

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£249,545	£2,360	11
2023	£233,830	£3,232	28
2022	£241,507	£3,385	36
2021	£205,587	£2,828	55
2020	£202,272	£2,822	20
2019	£193,655	£2,572	29
2018	£185,088	£2,731	36
2017	£167,333	£2,356	29
2016	£144,378	£2,097	58
2015	£136,501	£1,846	37
2014	£133,617	£1,814	42
2013	£126,027	£1,904	42
2012	£121,614	£1,891	29
2011	£129,858	£1,787	34
2010	£125,153	£1,778	18
2009	£119,750	£1,826	18
2008	£131,105	£2,041	19
2007	£145,423	£2,087	37
2006	£132,732	£1,982	36
2005	£124,448	£1,784	46
2004	£116,777	£1,618	46
2003	£96,948	£1,410	43
2002	£77,417	£1,121	46
2001	£64,340	£945	56
2000	£54,244	£798	45
1999	£49,583	£783	62
1998	£45,997	£739	37
1997	£43,872	£666	65
1996	£42,576	£661	48
1995	£41,531	£667	36

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£360,790	£3,351	5
2023	£328,929	£3,848	7
2022	£339,429	£3,582	7
2021	£310,144	£3,194	17
2020	£270,033	£3,049	9
2019	£274,292	£3,035	12
2018	£271,250	£2,814	2
2017	£239,163	£2,741	15
2016	£213,300	£2,243	13
2015	£212,321	£2,218	17
2014	£198,600	£2,048	10
2013	£197,444	£2,095	9
2012	£208,833	£2,332	3
2011	£197,619	£2,031	8
2010	£178,750	£2,164	6
2009	£189,750	£1,542	4
2008	£212,870	£2,140	16
2007	£202,951	£2,183	22
2006	£193,497	£1,998	17
2005	£182,275	£2,067	10
2004	£166,316	£1,831	19
2003	£141,872	£1,790	16
2002	£128,939	£1,293	18
2001	£105,570	£1,113	15
2000	£84,871	£1,012	17
1999	£74,850	£843	21
1998	£75,330	£849	15
1997	£72,675	£811	14
1996	£63,265	£748	16
1995	£70,429	£740	19

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£297,500		1
2022	£290,000		1
2021	£1,750,000		1
2020	£30,000		1
2019	£471,997		1
2018	£81,000	£920	1
2016	£775,000		1

House Type in NP16 5NP area

The most common house types in the NP16 5NP postcode area are Terraced (72), Semi-detached (23), and Flat (16).

Total	117
Terraced	72
Semi-detached	23
Flat	16
Shared house	4
Detached	2
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (38), and Owned: Owns outright (34).

Owned: Owns with a mortgage or loan	38
Owned: Owns outright	34
Social rented: Other social rented	22
Private rented: Private landlord or letting agency	16
Social rented: Rents from council or Local Authority	9
Does not apply	0
Shared ownership: Shared ownership	0
Private rented: Other private rented	0
Lives rent free	0

Number of People in a Household

The most houses in the NP16 5NP have 2 people in household (45), and 1 person in household (31).

2 people in household	45
1 person in household	31
3 people in household	21
4 people in household	15
5 people in household	4
6 people in household	2
7 people in household	1
0 people in household	0
8 or more people in household	0