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House Prices in LD7

The average house price in LD7 (Knighton) is £250,000 using HM Land Registry data.

The average property price increased by £92,765 (4.66%) over the last 5 years and increased by £18,587 (0.82%) over the last 12 months.

Over the last year, there were 36 residential property sales – a decrease of 21 transactions (-58.33%) relative to the previous year. The majority of house sales (10) were in the £150,000 - £214,000 range. Then came properties in the £214,000 - £278,000 range, where 10 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 59 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,390 (-1%).

In Oct 24, there were 13 new estate agency instructions, 7 agreed home sales and 8 property price reductions.

5-Year Average Property Prices in LD7 (Knighton)

4.66%

Property prices in Knighton increased by 4.66% 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 LD7 (Knighton) Over the Last Year

0.82%

Property prices in Knighton increased by 0.82% 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.

Property Market Heat Gauge for LD7 (Knighton) - Oct 24

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 LD7 (Knighton)

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 LD7 (Knighton)

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 LD7 (Knighton)

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 LD7 (Knighton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LD7 postcode area since 1995.

Recent Sales in LD7 (Knighton)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
4 Under Ffrydd Wood, Knighton, Powys, LD7 1EF	£300,000	£300,000	£00	07 Dec 2023	09 Aug 2024	246 Days
Bryn Rhosyn, Offas Road, Knighton, Powys, LD7 1ES	£365,000	£365,000	£00	19 Jan 2024	14 Jun 2024	147 Days
3 Wylcwm Street, Knighton, Powys, LD7 1AA	£550,000	£550,000	£00	30 Jun 2023	14 Jun 2024	350 Days
15 Under Ffrydd Wood, Knighton, Powys, LD7 1EF	£200,000	£180,000	-£20,000	23 Feb 2024	31 May 2024	98 Days
7 Underhill Crescent, Knighton, Powys, LD7 1DG	£224,500	£222,000	-£2,500	02 May 2023	17 May 2024	381 Days
Lyndale, Penybont Road, Knighton, Powys, LD7 1HB	£295,000	£287,000	-£8,000	26 Jan 2024	02 Apr 2024	67 Days
8 Under Ffrydd Wood, Knighton, Powys, LD7 1EF	£240,000	£235,000	-£5,000	10 Aug 2023	27 Mar 2024	230 Days
27 George Road, Knighton, Powys, LD7 1RS	£225,000	£207,500	-£17,500	04 Aug 2023	30 Jan 2024	179 Days
Royston, Penybont Road, Knighton, Powys, LD7 1HB	£280,000	£275,000	-£5,000	15 Aug 2023	01 Dec 2023	108 Days
Cleefield House, Ffrydd Road, Knighton, Powys, LD7 1DB	£695,000	£650,000	-£45,000	17 May 2023	23 Nov 2023	190 Days
21 Norton Street, Knighton, Powys, LD7 1ET	£200,000	£196,000	-£4,000	18 Nov 2022	26 Oct 2023	342 Days
32 Fronhir Estate, Knighton, Powys, LD7 1HT	£165,000	£162,500	-£2,500	07 Jun 2023	12 Oct 2023	127 Days
Ty Henrhyd, Farrington Lane, Knighton, Powys, LD7 1LA	£495,000	£490,000	-£5,000	02 Jun 2023	29 Sep 2023	119 Days
14 Bridge Street, Knighton, Powys, LD7 1BT	£177,500	£160,000	-£17,500	02 May 2023	18 Sep 2023	139 Days
9 Victoria Road, Knighton, Powys, LD7 1BD	£325,000	£325,000	£00	24 Jun 2023	31 Aug 2023	68 Days
5 Fronhir Estate, Knighton, Powys, LD7 1HT	£179,950	£175,000	-£4,950	09 May 2023	25 Aug 2023	108 Days
25 Underhill Crescent, Knighton, Powys, LD7 1DG	£265,000	£265,000	£00	11 May 2023	22 Aug 2023	103 Days
30 Ffrydd Terrace, Knighton, Powys, LD7 1DL	£215,000	£205,000	-£10,000	02 May 2023	17 Aug 2023	107 Days
32 Glyndwr, Knucklas, Knighton, Powys, LD7 1RR	£185,000	£180,000	-£5,000	03 Feb 2023	10 Aug 2023	188 Days
Castle Bank House, Castle Road, Knighton, Powys, LD7 1BA	£250,000	£246,000	-£4,000	02 May 2023	28 Jul 2023	87 Days

Most Expensive Streets in LD7 (Knighton)

Postcode	Street	Area	Average	No. of Sales
LD7 1NP	Penybont Road, Whitton	Knighton	£383,333	3
LD7 1SA	Garth Lane	Knighton	£377,000	3
LD7 1TU	Llanfairwaterdine	Knighton	£365,000	3
LD7 1HY	Grove Villas	Knighton	£354,958	12
LD7 1PA	Bleddfa	Knighton	£334,400	5
LD7 1PL	Knucklas	Knighton	£294,533	3
LD7 1BD	Victoria Road	Knighton	£284,583	6
LD7 1YF	Beguildy	Knighton	£269,375	4
LD7 1SR	Llangunllo	Knighton	£266,000	3
LD7 1LB	Noble Court	Knighton	£262,500	3

Least Expensive Streets in LD7 (Knighton)

Postcode	Street	Area	Average	No. of Sales
LD7 1AJ	Church View, St Edwards Close	Knighton	£66,666	6
LD7 1HN	Radnor Drive	Knighton	£106,062	8
LD7 1HD	Laurels Meadow	Knighton	£119,750	6
LD7 1RT	Mill Road	Knighton	£136,250	4
LD7 1HT	Fronhir Estate	Knighton	£140,555	9
LD7 1EU	Russell Street	Knighton	£141,833	3
LD7 1HF	George Road	Knighton	£143,916	6
LD7 1EY	Market Street	Knighton	£151,105	9
LD7 1EB	Church Road	Knighton	£154,500	5
LD7 1ET	Norton Street	Knighton	£156,218	8