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House Prices in SY22

The average house price in SY22 (Llanfechain) is £180,000 using HM Land Registry data.

The average property price increased by £96,482 (28.14%) over the last 5 years and increased by £19,288 (4.19%) over the last 12 months.

Over the last year, there were 65 residential property sales – a decrease of 66 transactions (-101.54%) relative to the previous year. The majority of house sales (17) were in the £184,000 - £248,000 range. Then came properties in the £312,000 - £376,000 range, where 15 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 175 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,349 (-3%).

In June 2024, there were 22 new estate agency instructions, 15 agreed home sales and 10 property price reductions.

5-Year Average Property Prices in SY22 (Llanfechain)

28.14%

Property prices in Llanfechain increased by 28.14% 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 SY22 (Llanfechain) Over the Last Year

4.19%

Property prices in Llanfechain increased by 4.19% 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 SY22 (Llanfechain) - June 2024

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 SY22 (Llanfechain)

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 SY22 (Llanfechain)

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 SY22 (Llanfechain)

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 SY22 (Llanfechain) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SY22 postcode area since 1995.

Recent Sales in SY22 (Llanfechain)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
21 Llys Rhysnant, Four Crosses, Llanymynech, Powys, SY22 6PL	£220,000	£200,000	-£20,000	25 Jul 2023	07 May 2024	287 Days
15 Birch Close, Four Crosses, Llanymynech, Powys, SY22 6NH	£225,000	£210,000	-£15,000	16 Jun 2023	26 Apr 2024	315 Days
23 Bridge Street, Llanfyllin, Powys, SY22 5AU	£110,000	£102,000	-£8,000	17 Nov 2023	19 Apr 2024	154 Days
9 Bronwylfa, Llanymynech, Shropshire, SY22 6HD	£215,000	£215,000	£00	31 Aug 2023	05 Apr 2024	218 Days
10 Severn Way, Four Crosses, Llanymynech, Powys, SY22 6NQ	£220,000	£220,000	£00	05 Jan 2024	04 Apr 2024	90 Days
46 Parc Hafod, Four Crosses, Llanymynech, Powys, SY22 6NZ	£212,950	£194,000	-£18,950	11 Nov 2023	26 Mar 2024	136 Days
22 Maes Myllin, Llanfyllin, Powys, SY22 5DQ	£234,995	£225,000	-£9,995	10 Oct 2023	25 Mar 2024	167 Days
7 Meadow View, Llandrinio, Llanymynech, Powys, SY22 6SS	£325,000	£310,000	-£15,000	19 Jun 2023	05 Jan 2024	200 Days
1 Maes Dinas, Llanfechain, Powys, SY22 6YR	£350,000	£335,000	-£15,000	30 Aug 2023	20 Dec 2023	112 Days
27 Maes Myllin, Llanfyllin, Powys, SY22 5DQ	£375,000	£330,000	-£45,000	06 Sep 2023	13 Dec 2023	98 Days
1 Criggion Close, Four Crosses, Llanymynech, Powys, SY22 6NP	£210,000	£205,000	-£5,000	06 Sep 2023	30 Nov 2023	85 Days
11 Brook Street, Llanfyllin, Powys, SY22 5AW	£129,950	£119,000	-£10,950	19 Jun 2023	30 Nov 2023	164 Days
2 Derwen Green, Four Crosses, Llanymynech, Powys, SY22 6RQ	£245,000	£237,500	-£7,500	27 Jul 2023	14 Nov 2023	110 Days
11 Bryn Siriol, Llansantffraid, Powys, SY22 6AW	£199,950	£198,000	-£1,950	15 Jun 2023	03 Nov 2023	141 Days
3 Vyrnwy Crescent, Four Crosses, Llanymynech, Powys, SY22 6NG	£285,000	£285,000	£00	08 Jun 2023	30 Oct 2023	144 Days
2 Mount View, Llanfechain, Powys, SY22 6XJ	£215,000	£205,000	-£10,000	11 Jan 2023	25 Oct 2023	287 Days
3 Llys Rhysnant, Four Crosses, Llanymynech, Powys, SY22 6PL	£190,000	£190,000	£00	21 Jul 2023	04 Oct 2023	75 Days
9 Maes Y Garreg, Llansantffraid, Powys, SY22 6BD	£250,000	£200,000	-£50,000	11 May 2023	04 Sep 2023	116 Days
2 Bryn Siriol, Llansantffraid, Powys, SY22 6AW	£220,000	£217,000	-£3,000	25 Apr 2023	11 Aug 2023	108 Days
2 Brydges Gate, Llandrinio, Llanymynech, Powys, SY22 6TU	£475,000	£465,000	-£10,000	19 Jun 2023	11 Aug 2023	53 Days

Most Expensive Streets in SY22 (Llanfechain)

Postcode	Street	Area	Average	No. of Sales
SY22 6AU	Llansantffraid, Powys	Llanfechain	£505,666	3
SY22 6PY	Arddleen, Llanymynech	Llanfechain	£482,474	7
SY22 6RN	Rhos Common, Llanymynech	Llanfechain	£479,250	4
SY22 5JF	Llanfihangel, Llanfyllin	Llanfechain	£453,333	3
SY22 6SG	Llandrinio, Llanymynech	Llanfechain	£433,428	7
SY22 5ET	Llanfyllin, Powys	Llanfechain	£371,666	3
SY22 5HA	Brithdir, Llanfyllin	Llanfechain	£371,666	3
SY22 6PX	Arddleen, Llanymynech	Llanfechain	£365,520	5
SY22 6RU	Arddleen, Llanymynech	Llanfechain	£365,333	3
SY22 6BY	Meifod, Powys	Llanfechain	£364,000	4

Least Expensive Streets in SY22 (Llanfechain)

Postcode	Street	Area	Average	No. of Sales
SY22 6AG	Jubilee Terrace, Llansantffraid	Llanfechain	£89,500	4
SY22 5AU	Bridge Street, Llanfyllin	Llanfechain	£102,800	5
SY22 6EL	Bradford Terrace, Llanymynech	Llanfechain	£108,983	3
SY22 6NX	Hafod Cottages, Parc Hafod	Llanfechain	£123,550	8
SY22 6AS	Rose Cottages, Llansantffraid	Llanfechain	£136,833	3
SY22 6NA	Ferndale Close, Four Crosses	Llanfechain	£151,000	3
SY22 6AE	Treflan, Llansanffraid	Llanfechain	£152,500	3
SY22 6AJ	Maes Y Foel, Llansantffraid	Llanfechain	£161,928	7
SY22 6FB	Ffordd Spoonley, Llansantffraid	Llanfechain	£164,857	7
SY22 6PD	Wern, Llanymynech	Llanfechain	£165,000	3