Swansea Property Investment: Why Invest in 2023/24? (Six Reasons)

• Average Swansea property value is £192,021.
• Investment properties Swansea sees an average rental income of £844 PCM.
• Swansea property investment provides an average 5.27% yield.
• New build premium for Swansea investment property is £64,601 – cheaper than Cardiff, Wales and the UK!
• From 2017-2021, there were 657 new build purchases and 15,546 purchases of existing properties.
• 1,046 cash purchases and 1,910 mortgage purchases in 2021.

Swansea property value rivals that of most major cities, at an average of £192,021.

Properties in Swansea cost over £73k less than in Cardiff and £44k less than in Newport.

Like most locations, detached properties are the most expensive while flats and maisonettes are the most affordable.

Swansea is one of the fastest developing universities, with a student population of over 24,000.

Time it right, and student property investment Swansea could be an excellent opportunity to expand your property portfolio and receive great yields.

The former industrial port city is now a hub for companies in the service sector, including tech, communication and financial services.

• The DVLA employ over 6,000 people in the city.
• Swansea Enterprise Park was the UK’s first enterprise zone with a range of businesses and shops.
• Historic Swansea Market has over 100 stalls and was crowned ‘Britain’s Best Large Indoor Market 2020’.

In 2019 Swansea’s GVA (Gross Value Added) was £5.7 million, with a GVA per head of £22,939.

Per head, Swansea is 7.7% above the Wales average but 21.8% below the UK level.

Swansea has a 3.0% GVA increase in 2019 – higher than Wales, West Wales & Valleys, and the UK.

• The Mumbles: Seaside region named by The Times as one of the Best Places to Live in the UK 2020.
• Derwen Fawr: Popular with families for its fantastic school catchment.
• Uplands: Up-and-coming suburb named as one of the hippest places in the UK.
• Parkmill: Hotspot for rural retirement in the Gower Peninsula.
• Llandamoc: Quiet and scenic location in North Gower.
• Maritime Quarter: Hotspot for young professionals offering varied Swansea buy-to-let opportunities.

Yield-driven investors might be asking:

“Where should I invest in Swansea area for the best returns?”

That’s why we’ve broken down each region’s best-performing postcode by yield and its average property price.

The best areas to invest in Swansea are:

City Centre: SA1

Avg yield: 7.43%

Avg property price: £142,309

• Popular with student accommodation and young professionals.
• Mostly flats in new builds or converted townhouses.

North: SA5

Avg yield: 5.53%

Avg property price: £160,435

• Close to numerous business parks and the M4.
• Built up of old terraces and housing estates.

West and South: SA2

Avg yield: 4.06%

Avg property price: £274,015

• Mainly residential properties.
  Good access to the city centre and the Gower.

Gower Peninsula: SA3

Avg yield: 3.15%

Avg property price: £417,985

• Go-to location for affluent commuters
• Visitor and tourist hotspot.