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Gorseinon House Prices Gorseinon House Prices

The average house price in Gorseinon is £185,950 using HM Land Registry data.

The average property price increased by £34,067 (21.9%) over the last 5 years and increased by £6,808 (3.72%) over the last 12 months.

Over the last year, there were 146 residential property sales – a decrease of 53 transactions (-36.30%) relative to the previous year. The majority of house sales (33) were in the £146,000 - £182,000 range. Then came properties in the £182,000 - £218,000 range, where 32 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,748 (-3%).

In April 2024, there were 15 new estate agency instructions, 10 agreed home sales and 8 property price reductions.

Postcodes Covered: SA4

5-Year Average Property Prices in Gorseinon

21.9%

Property prices in Gorseinon increased by 21.9% 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 Gorseinon Over the Last Year

3.72%

Property prices in Gorseinon increased by 3.72% 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 Gorseinon - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 Gorseinon

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 Gorseinon

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 Gorseinon

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 Gorseinon since 1995

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

Recent Property Sales in Gorseinon

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
43 Glan Yr Afon, Gorseinon, Swansea, SA4 4QG£155,000£152,000-£3,00007 Aug 202323 Feb 2024200 Days
2 Cobham Close, Gorseinon, Swansea, SA4 4FA£210,000£200,000-£10,00003 Oct 202313 Feb 2024133 Days
46 Brynteg Road, Gorseinon, Swansea, SA4 4FJ£240,000£235,000-£5,00018 Jun 202315 Dec 2023180 Days
9 Loughor Common, Gorseinon, Swansea, SA4 4UW£140,000£139,000-£1,00002 Jun 202311 Dec 2023192 Days
168 Frampton Road, Gorseinon, Swansea, SA4 4YG£300,000£287,500-£12,50005 Jun 202308 Dec 2023186 Days
Elsdon, Pontardulais Road, Gorseinon, Swansea, SA4 4LP£200,000£195,000-£5,00014 Sep 202308 Dec 202385 Days
56 Llys Gwyn Faen, Gorseinon, Swansea, SA4 4JG£190,000£171,000-£19,00004 Apr 202306 Dec 2023246 Days
161 West Street, Gorseinon, Swansea, SA4 4AG£149,995£145,500-£4,49518 Jul 202317 Nov 2023122 Days
2 Clos Vernon Watkins, Gorseinon, Swansea, SA4 4DH£200,000£198,000-£2,00030 Mar 202310 Nov 2023225 Days
8 Heol Penycae, Gorseinon, Swansea, SA4 4ZB£187,500£182,000-£5,50018 Jul 202310 Nov 2023115 Days
30 Llwynderw, Gorseinon, Swansea, SA4 6RJ£220,000£220,000£0027 Jul 202327 Oct 202392 Days
7 Sandringham Close, Gorseinon, Swansea, SA4 6HU£260,000£252,200-£7,80007 Mar 202313 Oct 2023220 Days
161 Frampton Road, Gorseinon, Swansea, SA4 4YG£210,000£190,000-£20,00010 Jul 202329 Sep 202381 Days
261 Frampton Road, Gorseinon, Swansea, SA4 4LY£175,000£168,000-£7,00013 Apr 202315 Sep 2023155 Days
7 Swansea Road, Gorseinon, Swansea, SA4 4HF£299,995£290,000-£9,99507 Sep 202215 Sep 2023373 Days
19 Saron Close, Gorseinon, Swansea, SA4 4FB£585,000£565,000-£20,00029 Nov 202214 Sep 2023289 Days
48 Village Drive, Gorseinon, Swansea, SA4 4QB£215,000£215,000£0021 Apr 202324 Aug 2023125 Days
1 Saron Close, Gorseinon, Swansea, SA4 4FB£230,000£230,000£0026 Dec 202211 Aug 2023228 Days
4 Plas Croeso, Gorseinon, Swansea, SA4 6RL£200,000£194,000-£6,00019 Mar 202304 Aug 2023138 Days
1 Plas Croeso, Gorseinon, Swansea, SA4 6RL£299,995£285,000-£14,99513 Feb 202319 Jul 2023156 Days

Most Expensive Streets in Gorseinon

PostcodeStreetAreaAverageNo. of Sales
SA4 4HFSwansea RoadGorseinon£305,8005
SA4 4FBSaron CloseGorseinon£278,5416
SA4 6PFHorizon WayLoughor£270,00010
SA4 4GEHeol GwiliGorseinon£269,5004
SA4 4GAPenyrheol RoadGorseinon£268,71414
SA4 4ZQClos Y NantGorseinon£268,3313
SA4 6PAFfordd Cae DukeLoughor£265,6663
SA4 6PTValley ViewLoughor£258,1427
SA4 4YYMeadow DriveGorseinon£247,5003
SA4 4BQBelgrave CloseGorseinon£246,6663

Least Expensive Streets in Gorseinon

PostcodeStreetAreaAverageNo. of Sales
SA4 4YBBryngolauGorseinon£83,1254
SA4 4EFLime StreetGorseinon£91,0003
SA4 4NWAlexandra RoadGorseinon£93,98423
SA4 4YRBeech CrescentGorseinon£96,3705
SA4 4EELime StreetGorseinon£100,8754
SA4 4YUGower View RoadGorseinon£106,6653
SA4 4ADLime StreetGorseinon£108,9378
SA4 4DUEynon StreetGorseinon£115,6663
SA4 4YNGrenfell AvenueGorseinon£115,8005
SA4 4BZMill StreetGorseinon£115,8005

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