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Blackwood House Prices Blackwood House Prices

The average house price in Blackwood is £153,000 using HM Land Registry data.

The average property price increased by £77,306 (53.25%) over the last 5 years and increased by £15,451 (7.46%) over the last 12 months.

Over the last year, there were 75 residential property sales – a decrease of 100 transactions (-133.33%) relative to the previous year. The majority of house sales (26) were in the £120,000 - £156,000 range. Then came properties in the £192,000 - £228,000 range, where 14 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 56 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,084 (-5%).

In April 2024, there were 32 new estate agency instructions, 15 agreed home sales and 12 property price reductions.

Neighbouring Areas: Oakdale, Pontllanfraith

Postcodes Covered: NP12

5-Year Average Property Prices in Blackwood

53.25%

Property prices in Blackwood increased by 53.25% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Blackwood Over the Last Year

7.46%

Property prices in Blackwood increased by 7.46% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Blackwood - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Blackwood

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Blackwood

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Blackwood

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Blackwood since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Blackwood area since 1995.

Recent Property Sales in Blackwood

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
1 Thorncombe Road, Blackwood, Caerphilly, NP12 1AT£269,000£269,000£0004 Nov 202331 Jan 202488 Days
6 The Paddocks, Cwmgelli, Blackwood, Caerphilly, NP12 1HF£550,000£518,000-£32,00022 Aug 202318 Jan 2024149 Days
155 Beaumaris Way, Grove Park, Blackwood, Caerphilly, NP12 1DF£244,000£218,000-£26,00023 Aug 202324 Nov 202393 Days
30 Beaumaris Way, Grove Park, Blackwood, Caerphilly, NP12 1DE£150,000£150,000£0026 Apr 202323 Nov 2023211 Days
1 Woodfield Street, Woodfieldside, Blackwood, Caerphilly, NP12 0BT£150,000£120,000-£30,00013 Jun 202320 Nov 2023160 Days
Greenfield, Park Terrace, Woodfieldside, Blackwood, Caerphilly, NP12 0PE£249,000£215,000-£34,00021 Jul 202303 Nov 2023105 Days
27 Gordon Road, Blackwood, Caerphilly, NP12 1DW£155,000£145,000-£10,00029 Aug 202302 Nov 202365 Days
29 Mandeville Road, Bonnie View, Blackwood, Caerphilly, NP12 3PH£239,995£232,500-£7,49523 Jun 202327 Oct 2023126 Days
10 Y Cedrwydden, Blackwood, Caerphilly, NP12 1FD£200,000£195,000-£5,00020 Jun 202327 Oct 2023129 Days
34 William Street, Blackwood, Caerphilly, NP12 1NW£150,000£140,000-£10,00019 Jun 202313 Oct 2023116 Days
86 Bloomfield Road, Blackwood, Caerphilly, NP12 1LY£255,000£255,000£0008 Mar 202329 Sep 2023205 Days
58 Sunnybank Road, Blackwood, Caerphilly, NP12 1HZ£175,000£165,000-£10,00009 May 202322 Sep 2023136 Days
4 St Margarets Avenue, Cefn Fforest, Blackwood, Caerphilly, NP12 3NH£230,000£210,000-£20,00003 Nov 202222 Sep 2023323 Days
2 Beaumaris Way, Grove Park, Blackwood, Caerphilly, NP12 1DE£150,000£150,000£0012 Apr 202312 Sep 2023153 Days
44 Dylan Avenue, Cefn Fforest, Blackwood, Caerphilly, NP12 3NG£150,000£145,000-£5,00009 Feb 202304 Aug 2023176 Days
22 Dylan Avenue, Cefn Fforest, Blackwood, Caerphilly, NP12 3NQ£180,000£170,000-£10,00021 Feb 202328 Jul 2023157 Days
37 Sunnybank Road, Blackwood, Caerphilly, NP12 1HZ£200,000£195,000-£5,00025 Jul 202328 Jul 20233 Days
17 Apollo Way, Blackwood, Caerphilly, NP12 1WA£137,500£130,000-£7,50022 Nov 202226 Jul 2023246 Days
30 Gordon Road, Blackwood, Caerphilly, NP12 1DG£155,000£145,000-£10,00017 Mar 202307 Jul 2023112 Days
14 Chepstow Close, Grove Park, Blackwood, Caerphilly, NP12 1GP£175,000£169,000-£6,00003 Feb 202330 Jun 2023147 Days

Most Expensive Streets in Blackwood

PostcodeStreetAreaAverageNo. of Sales
NP12 1HRSouth View RoadBlackwood£427,3333
NP12 1HSPentwyn AvenueBlackwood£341,7857
NP12 1AQSt Tudors ViewBlackwood£320,8333
NP12 1WUMagnolia DriveBlackwood£301,2005
NP12 1GTClos Coed BachBlackwood£298,1166
NP12 1ELLon PennantCwmgelli£297,3333
NP12 1WWAspen AvenueBlackwood£294,1663
NP12 1HHCaldicot CloseBlackwood£292,8005
NP12 0DEPark View BungalowsPenmaen£292,3333
NP12 1GWRhodfa GlascoedBlackwood£287,00012

Least Expensive Streets in Blackwood

PostcodeStreetAreaAverageNo. of Sales
NP12 3LDPencoed AvenueCefn Fforest£96,7504
NP12 1WHChartist WayBlackwood£107,9005
NP12 1WBApollo WayBlackwood£109,4647
NP12 3NRFair ViewBlackwood£112,1427
NP12 1WECroeso SquareBlackwood£114,1254
NP12 1WQWaun Llwyn CrescentBlackwood£114,3333
NP12 3JRWaunborfa RoadCefn Fforest£114,3333
NP12 1DXAlbany RoadBlackwood£115,9005
NP12 1PXLewis StreetBlackwood£117,1258
NP12 3LQPencoed AvenueCefn Fforest£119,5004

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