According to an article in the Bristol Post, Cwmbran has been named the ‘newest hotspot for Bristolians’. It’s easy to look at the property market as a single entity, but in reality it has so many regional fractions, where positive and negative forces can change quickly and broadly. The central London market, for instance, seems to be stalling, whereas in Bristol it has been booming for a while.
It is this boom, and the rise in the price of property, that has prompted Bristolians to start to look further afield. There is no doubt that the announcement that the bridge tolls will be scrapped has certainly drawn eyes across the border into Wales, and who can blame them? With stunning countryside and beautiful towns and villages, as well as the fact that you get more house for your new 12-sided pound, South Wales has a lot to offer.
As towns go, we are relatively new, and the free parking policy in the town centre is always something that keeps our shoppers happy. With excellent leisure facilities and big brand names, everything you need is close at hand. This summer we also received the wonderful news that construction had started on a new £350m hospital on the site at Llanfrechfa Grange, which will house more than 40 specialist services.
We had a really strong summer at Hathways, seeing property moving and also the price paid rising slowly. This corresponds to data from the property website Zoopla, which showed that since July 2017 there has been a property price rise of 0.14 percent in Cwmbran. This will be music to the ears of those looking to sell their property in the area.
Things haven’t yet slowed down, and we anticipate a busy new year, especially with the announcement of the new Stamp Duty rates for Wales that will greatly benefit those who are seeking to take their first step on the property ladder.
As of 1 April 2018, on any property purchased in Wales up to the value of £150,000 the buyer will not have to pay any stamp duty. This imminent change does not apply to any property purchased in England as the current regulations will remain where the stamp duty-free limit is currently £125,000. Another reason why buyers are considering Cwmbran as there are plenty of properties available under £150,000.
If you’re thinking of selling your home after Christmas, you need to come and talk to our team today. Did you know that one of the busiest days of the year for people viewing properties on Rightmove is Boxing Day? In fact, it seems like the festive season is the time when many decide to plan a new start in the New Year – why wouldn’t you want them to consider your home?
At Hathways, your property is our businesses. Let us give you a true understanding of the value of your property and where it sits in today’s South Wales property market, call us to organise a valuation.