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Llanelli House Prices Llanelli House Prices

The average house price in Llanelli is £176,234 using HM Land Registry data.

The average property price increased by £41,253 (33.66%) over the last 5 years and increased by £8,245 (5.3%) over the last 12 months.

Over the last year, there were 423 residential property sales – a decrease of 203 transactions (-47.99%) relative to the previous year. The majority of house sales (117) were in the £90,000 - £124,000 range. Then came properties in the £124,000 - £158,000 range, where 111 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 51 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,298 (-3%).

In April 2024, there were 18 new estate agency instructions, 6 agreed home sales and 10 property price reductions.

Postcodes Covered: SA14, SA15

5-Year Average Property Prices in Llanelli

33.66%

Property prices in Llanelli increased by 33.66% 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 Llanelli Over the Last Year

5.3%

Property prices in Llanelli increased by 5.3% 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 Llanelli - 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 Llanelli

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 Llanelli

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 Llanelli

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 Llanelli since 1995

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

Recent Property Sales in Llanelli

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
12 Heol Y Bwlch, Bynea, Llanelli, Carmarthenshire, SA14 9ST£190,000£180,000-£10,00001 Aug 202326 Jan 2024178 Days
18 Pen Y Wern, Llanelli, Carmarthenshire, SA15 4DF£190,000£190,000£0026 Jul 202319 Jan 2024177 Days
8 Nightingale Court, Llanelli, Carmarthenshire, SA15 1HU£165,000£162,000-£3,00020 Jul 202312 Jan 2024176 Days
40 High Street, Llanelli, Carmarthenshire, SA15 2RE£144,500£136,000-£8,50030 May 202312 Jan 2024227 Days
89 Dillwyn Street, Llanelli, Carmarthenshire, SA15 1BT£105,000£100,000-£5,00012 Jul 202315 Dec 2023156 Days
44 Trostre Road, Llanelli, Carmarthenshire, SA15 1JY£180,000£165,000-£15,00026 Sep 202314 Dec 202379 Days
24 Stanley Street, Llanelli, Carmarthenshire, SA15 2EU£140,000£130,000-£10,00026 Jul 202307 Dec 2023134 Days
4 Coed Y Bwlch, Bynea, Llanelli, Carmarthenshire, SA14 9SJ£310,000£310,000£0021 Aug 202304 Dec 2023105 Days
34 Bryngolau, Llanelli, Carmarthenshire, SA14 8PN£97,500£97,500£0008 Aug 202301 Dec 2023115 Days
39 Lliedi Crescent, Llanelli, Carmarthenshire, SA15 3SD£105,000£85,000-£20,00027 Jun 202301 Dec 2023157 Days
48 Railway Terrace, Llanelli, Carmarthenshire, SA15 2RH£120,000£116,000-£4,00008 Apr 202230 Nov 2023601 Days
28 Brynelli, Llanelli, Carmarthenshire, SA14 8PW£125,000£125,000£0014 Jun 202330 Oct 2023138 Days
28 Hillside, Llanelli, Carmarthenshire, SA15 4ES£230,000£230,000£0004 Sep 202327 Oct 202353 Days
88 Swansea Road, Llanelli, Carmarthenshire, SA15 3BJ£110,000£100,000-£10,00004 Aug 202327 Oct 202384 Days
150 Sandy Road, Llanelli, Carmarthenshire, SA15 4DP£138,000£120,000-£18,00024 May 202327 Oct 2023156 Days
2 Heulwen Terrace, Llanelli, Carmarthenshire, SA15 3RP£105,000£45,000-£60,00007 Aug 202326 Oct 202380 Days
4 Oaklands, Swiss Valley, Llanelli, Carmarthenshire, SA14 8DA£230,000£227,000-£3,00009 Jun 202323 Oct 2023136 Days
25 Cambrian Street, Llanelli, Carmarthenshire, SA15 2PN£140,000£138,000-£2,00020 Jul 202320 Oct 202392 Days
56 Sandy Road, Llanelli, Carmarthenshire, SA15 4DW£145,000£145,000£0018 May 202316 Oct 2023151 Days
43 Cambrian Street, Llanelli, Carmarthenshire, SA15 2PN£130,000£120,000-£10,00021 Jun 202313 Oct 2023114 Days

Most Expensive Streets in Llanelli

PostcodeStreetAreaAverageNo. of Sales
SA15 4ENPenyfai LaneLlanelli£669,1663
SA15 4EPCwmbach RoadLlanelli£496,6663
SA15 3LQParc Howard AvenueLlanelli£411,6663
SA15 4SGSandpiper RoadLlanelli£327,2504
SA14 9SFErw LasLlwynhendy£320,4005
SA15 3HURoland AvenueLlanelli£316,6663
SA15 4SJSwan WalkLlanelli£309,0003
SA15 4EWSt Margarets DriveLlanelli£308,9995
SA14 8EYLlethri RoadLlanelli£300,0003
SA15 3JSFelinfoel RoadLlanelli£296,0005

Least Expensive Streets in Llanelli

PostcodeStreetAreaAverageNo. of Sales
SA14 9DTLlys NewyddTir Einon£48,05312
SA15 2UHPrincess CourtLlanelli£58,5454
SA15 2BUBiddulph EstateLlanelli£70,2503
SA15 2PYWaterloo StreetLlanelli£71,0005
SA14 9HHHeol ElfedLlanelli£72,4983
SA15 1LDCwrt ElusendyLlanelli£77,4984
SA15 3YTSwansea RoadLlanelli£77,8005
SA15 2BDHeol TregoningLlanelli£78,8333
SA15 1BUDillwyn StreetLlanelli£79,8108
SA15 2BHGlandafen RoadLlanelli£80,0003

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