Since being named by Rightmove as the fastest moving property market in the UK compared to last year, Newport has been attracting an abundance of first-time buyers particularly to the areas that are ideal for commuters. Sitting on the M4 motorway and with the Severn Bridge toll soon to be scrapped, we have identified the top areas for you to make your home, where you can get the most for your money and be within easy reach of both Cardiff and Bristol whilst still enjoying the benefits of rural life.
Following articles about the property market in Newport published in the Telegraph, Independent, and Express newspapers, to name just a few, we are focusing on some of the areas on the Welsh side of the bridge that are currently benefitting from this surge in first-time buyers.
Magor & Caldicot
As you enter Wales on the M4 the first town you’ll reach is Magor; taking junction 23a you’ll drive through the pretty town, which is popular with commuters to Newport, Cardiff and Bristol. Although Magor’s village square boasts everything that you need, from shops to bakeries, local pubs and a school, it still manages to retain its rural charm. A short drive past Magor is Caldicot, a town steeped in history yet offering excellent local schools and things to do for you and your family. Magor sits 22 miles from Cardiff and 24 miles from Bristol, and due to its impressive properties it attracts families and young professionals. Made up of predominately semi-detached properties, average sold prices for Magor are £297,098, and £192,636 in Caldicot
Caerleon & Langstone
Caerleon and Langstone are two affluent areas of Newport which sit on either side of the River Usk on the edge of the city and close to junction 24 of the M4. Caerleon is a well-known historical Roman village with an abundance of local businesses, restaurants and a state-run school. Langstone continues to develop, with new housing estates popping up, yet still retains its rural feel. Living in Langstone or Caerleon means that you can be in Bristol in less than an hour and in Cardiff in just over half an hour. Caerleon boasts a mixture of detached, semi-detached and terraced properties selling for an average price of £224,019, whilst Langstone has an overall average price of £312,814.
Maindee & Saint Julians
Bounded by the River Usk, Saint Julians and its neighbour Maindee form a large commercial and residential area of Newport that lies just off junction 25 of the M4. It has become popular with commuters to Cardiff and Bristol being just 30 miles from Bristol city centre and 16 miles from the centre of Cardiff. With the toll prices due to be scrapped completely soon this area has a lot to offer, including local shops, pubs, restaurants and schools, yet is still just a short walk into the city centre. Properties in Saint Julians mainly consist of terraced and semi-detached homes with an overall average selling price of £144,604, slightly more expensive that neighbouring Maindee where properties sell for an average £122,434.
Are you a first-time buyer in Newport? For advice on buying or selling your property in Newport contact our experienced team at 01633 870777.