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With the Severn Bridge tolls finally being removed, the property prices in our little corner of South Wales have increased dramatically.

The news has been full of reports of the effects of the abolishment of the toll charges, and most of them address how Bristol buyers have poured over the Severn in search of value for money, or for a slice of the good life – and very often both.

We have been dealing with an increase in buyers from the other side of The Severn ever since the announcement was made that the tolls would be ‘reduced or removed’.

We doubled our advertising efforts over there and made sure that all of our properties in Chepstow, Usk, the Forest of Dean and Newport had as much exposure as possible across the Bristol area.

We’ve had investors looking to get in before the prices rise too high, we’ve had first time buyers who have been priced out of the Bristol market, we’ve had retirees looking for peace and quiet away from the city.

But the most animated bunch of buyers, without a doubt, have been young and growing families. These young families usually fall into one of two camps:

Need space. These buyers usually have another child on the way and need another bedroom and usually more outside space. These buyers are usually looking for newer homes with good transport links.

• 36 Stow Park Avenue, Newport, 5 bedrooms – Sold for £325,000 in September 2017

• Uplands House, Portskewet. 6 bedrooms - Sold for £680,000 in August 2018

• Ty Canol, Shirenewton. 5 bedrooms – Sold for £590,000 in October 2018

Want space. These buyers have seen how much further their money will go over here and have realised that they can have a slice of the good life. They want a nice view, a bit of ground for another dog and maybe some chickens and a bit of character to come home to.

• Cambrian House, Newport. 8 bedrooms – Sold for £450,000 in November 2017

• Stroat House, Stroat. 6 bedrooms, 7.5 acres – Sold for £3.25M in September 2018

• The Hammets, Tintern. 4 bedrooms, 2 acres – sold for £630,000 in August 2018


What does this mean for property values?

In some cases, property prices in the area have risen by 1% per month, with parts of Newport reported to have risen by 15% in a year.

Now that the bridge will be completely stopless, with no booths and no need to reach for your wallet each time, time will tell how property prices will continue to be effected.

With no barrier – physically, financially or psychologically - the lure of value for money and the search for the good life will no-doubt continue to send Bristol buyers our way and we will continue to push all of our properties on both sides of the water.

To find out what effect the abolishment of the tolls may have had on your property please get in touch or arrange a free valuation - 01633 927277   

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