Over the last few years, Wales has become an attractive place to live thanks to its beautiful scenery, unique attractions and low cost of living.
Average house prices are typically 25% lower compared to the UK, while families usually spend 15% less on food, travel and entertainment than the UK average.
In South and North Wales, the average property price is £265,500 and £240,145 over the last year, respectively.
If you’re looking for affordable property in Wales, Rightmove has revealed the cheapest places to buy based on data from May 2023.
Where are the cheapest areas to buy in Wales?
Rhondda Cynon Taf is the cheapest area to buy a property in Wales as all of the top 5 places are located in this county borough in the south-east of Wales.
|
Area |
Average asking price |
|
Treherbert |
£108,505 |
|
Ferndale |
£109,498 |
|
Tonypandy |
£125,301 |
|
Porth |
£132,034 |
|
Mountain Ash |
£134,165 |
Treherbert
You’ll need a little over £100,000 to buy a property in the village of Treherbert, as the average asking price is £108,505.
It takes at least an hour and a half to travel to Cardiff and two and a half hours to get to Swansea by public transport, which may explain why prices are so low.
Ferndale
In second place is Ferndale, with an average asking price of £109,498. You can get to Cardiff in an hour and 20 minutes and to Swansea in around two hours.
The town is located in the Rhondda Fach Valley and is surrounded by beautiful hillsides. It is also home to Darran Park, an Edwardian park featuring the lake Llyn y Forwyn (Maiden’s pool).
Tonypandy
Tonypandy is next on the list of the cheapest places to live in Wales, with an average asking price of £125,301.
It is a small town in Rhondda Fawr Valley with only 3,500 residents. Tonypandy is around an hour by train from Cardiff.
Porth
Porth is only a 10-minute drive from Tonypandy with a slightly higher asking price of £132,034.
The town should benefit from a new transport hub in the future after being awarded £3.5 million from the Levelling Up Fund.
Mountain Ash
Finally on the list is Mountain Ash, with an average asking price of £132,034.
The town is less than an hour from Cardiff by train and less than 90 minutes from Newport.
Buying a house is a daunting task and one that you shouldn’t do alone.
A mortgage broker can help you find the best deal by looking at your circumstances and future goals.
See also:
The most expensive places to live in Wales
The cheapest places to live in London
The cheapest places to live in Yorkshire
The cheapest places to live in the West Midlands
