House Prices To Rise In Pontypridd
It is well known that improvements in local transport infrastructure are generally seen as a good thing, both for the economic prosperity of an area and property prices. And having great access to a train station with a quick connection into the city is what younger working people want. Enter the Metro.
Metro will run at least four services an hour across the entire network when needed, and even more at the network core. This gives a ‘turn up and go’ experience for passengers. Metro will also deliver a network where interchange is easy, using vehicles designed for speed and capacity.
With Treherbert, Aberdare and Merthyr trains all running through ‘Ponty’ there will be 10-12 trains per hour going to the city of Cardiff.
The rollout is progressing and should be completed before the end of 2024.
What will this do to the value of your property?
Well, recent research shows that a new Welsh property hotspot is emerging as average house price growth continues to slow. Top of the list for the strongest house price growth is in the valleys of south Wales. Rhondda Cynon Taf showed an increase of 13.9% and the average price is now £161,126. And terraced houses showed the largest annual growth out of all property types, rising by 13.0% in the year to November 2022 to an average of £173,000.
The average price of a property in Wales now stands at £220,366 and so the valleys, and Pontypridd in particular seems to be catching up.
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