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House Prices in SY20

The average house price in SY20 (Machynlleth) is £265,000 using HM Land Registry data.

The average property price increased by £63,094 (25.89%) over the last 5 years and increased by £12,642 (3.91%) over the last 12 months.

Over the last year, there were 67 residential property sales – a decrease of 41 transactions (-61.19%) relative to the previous year. The majority of house sales (20) were in the £100,000 - £162,000 range. Then came properties in the £162,000 - £224,000 range, where 16 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 118 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,045 (-3%).

In Dec 24, there were 12 new estate agency instructions, 6 agreed home sales and 4 property price reductions.

5-Year Average Property Prices in SY20 (Machynlleth)

25.89%

Property prices in Machynlleth increased by 25.89% 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 SY20 (Machynlleth) Over the Last Year

3.91%

Property prices in Machynlleth increased by 3.91% 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 SY20 (Machynlleth) - Dec 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 SY20 (Machynlleth)

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 SY20 (Machynlleth)

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 SY20 (Machynlleth)

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 SY20 (Machynlleth) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SY20 postcode area since 1995.

Recent Sales in SY20 (Machynlleth)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
1 Plas Talgarth, Pennal, Machynlleth, Gwynedd, SY20 9LG	£235,000	£165,000	-£70,000	12 Feb 2018	10 May 2024	2279 Days
2 Arddol Terrace, Corris, Machynlleth, Gwynedd, SY20 9SX	£195,000	£186,000	-£9,000	05 Jul 2023	16 Jan 2024	195 Days
2 Marian Terrace, Pennal, Machynlleth, Gwynedd, SY20 9DS	£135,000	£132,000	-£3,000	14 Aug 2023	04 Jan 2024	143 Days
4 Vane Hall Place, Machynlleth, Powys, SY20 8DQ	£155,000	£150,000	-£5,000	21 Oct 2023	20 Dec 2023	60 Days
18 Maes Y Llan, Corris, Machynlleth, Gwynedd, SY20 9SJ	£136,000	£133,000	-£3,000	22 Aug 2023	18 Dec 2023	118 Days
Brennig, Aberystwyth Road, Machynlleth, Powys, SY20 8ET	£239,000	£230,000	-£9,000	26 Apr 2023	06 Nov 2023	194 Days
3 Tan Rallt Street, Machynlleth, Powys, SY20 8BE	£123,000	£120,000	-£3,000	19 Jan 2023	29 Sep 2023	253 Days
7 Heulfryn, Aberangell, Machynlleth, Gwynedd, SY20 9QJ	£129,500	£122,000	-£7,500	10 Nov 2022	20 Jun 2023	222 Days
2 Abercorris Cottages, Corris, Machynlleth, Gwynedd, SY20 9RJ	£130,000	£125,000	-£5,000	02 Nov 2022	24 Apr 2023	173 Days
Tre Fenai, Newtown Road, Machynlleth, Powys, SY20 8EZ	£345,000	£315,000	-£30,000	05 May 2022	04 Apr 2023	334 Days
5 Glynderwen, Derwenlas, Machynlleth, Powys, SY20 8TW	£185,000	£165,000	-£20,000	10 Jul 2022	20 Mar 2023	253 Days
34 Brickfield Street, Machynlleth, Powys, SY20 8BS	£155,000	£153,000	-£2,000	10 Jul 2022	07 Feb 2023	212 Days
2 Walton Terrace, Aberangell, Machynlleth, Gwynedd, SY20 9NE	£119,000	£119,000	£00	05 Jan 2018	27 Jan 2023	1848 Days
15 Heol Y Doll, Machynlleth, Powys, SY20 8BH	£137,500	£135,000	-£2,500	12 Jun 2022	20 Jan 2023	222 Days
6 Tanyfoel, Eglwysfach, Machynlleth, Ceredigion, SY20 8SY	£165,000	£160,000	-£5,000	19 Aug 2022	25 Nov 2022	98 Days
10 Heol Y Doll, Machynlleth, Powys, SY20 8BQ	£125,000	£105,000	-£20,000	23 Mar 2022	03 Nov 2022	225 Days
2 Bronmeirion, Upper Corris, Machynlleth, Gwynedd, SY20 9BS	£185,000	£185,000	£00	12 Mar 2022	26 Sep 2022	198 Days
2 Cae Maenllwyd, Machynlleth, Powys, SY20 8HJ	£270,000	£270,000	£00	21 May 2022	09 Sep 2022	111 Days
19 Heol Y Doll, Machynlleth, Powys, SY20 8BH	£125,000	£124,000	-£1,000	20 Nov 2021	08 Aug 2022	261 Days
1 Londonderry Terrace, Machynlleth, Powys, SY20 8BG	£290,000	£275,000	-£15,000	16 Mar 2021	06 Jun 2022	447 Days

Most Expensive Streets in SY20 (Machynlleth)

Postcode	Street	Area	Average	No. of Sales
SY20 8SS	Glandyfi	Machynlleth	£494,500	4
SY20 8EY	Newtown Road	Machynlleth	£405,000	4
SY20 9AA	Cemmaes	Machynlleth	£392,000	4
SY20 8DD	Ffordd Mynydd Griffiths	Machynlleth	£373,426	5
SY20 9JZ	Pennal	Machynlleth	£359,999	4
SY20 8SH	Melin Byrhedyn	Machynlleth	£312,879	4
SY20 9LR	Dinas Mawddwy	Machynlleth	£288,333	3
SY20 8LG	Commins Coch	Machynlleth	£278,600	5
SY20 8PN	Tre'r Ddol	Machynlleth	£268,166	6
SY20 8UP	Melin Byrhedyn	Machynlleth	£264,000	3

Least Expensive Streets in SY20 (Machynlleth)

Postcode	Street	Area	Average	No. of Sales
SY20 9LD	The Coachhouse, Pennal	Machynlleth	£58,750	4
SY20 9NE	Walton Terrace, Aberangell	Machynlleth	£106,666	3
SY20 8BQ	Heol Y Doll	Machynlleth	£117,000	4
SY20 8BH	Heol Y Doll	Machynlleth	£119,785	7
SY20 8BS	Brickfield Street	Machynlleth	£120,687	8
SY20 8EA	Heol Maengwyn	Machynlleth	£122,833	3
SY20 8AS	Dolanog Villas	Machynlleth	£123,333	3
SY20 8JP	Taliesin	Machynlleth	£124,000	5
SY20 8BP	Brickfield Street	Machynlleth	£124,687	4
SY20 9NU	Cwmllinau	Machynlleth	£126,166	3