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House Prices in SY22

The average house price in SY22 (Llanfechain) is £264,750 using HM Land Registry data.

The average property price increased by £69,904 (28.14%) over the last 5 years and increased by £14,006 (4.19%) over the last 12 months.

Over the last year, there were 69 residential property sales – a decrease of 46 transactions (-66.67%) relative to the previous year. The majority of house sales (20) were in the £164,000 - £218,000 range. Then came properties in the £218,000 - £272,000 range, where 12 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 66 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,349 (-3%).

In Oct 24, there were 25 new estate agency instructions, 11 agreed home sales and 12 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) - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 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
1 Vyrnwy Crescent, Four Crosses, Llanymynech, Powys, SY22 6NG	£289,000	£282,000	-£7,000	12 Apr 2024	29 Jul 2024	108 Days
10 Cae Robert, Meifod, Powys, SY22 6DY	£230,000	£227,000	-£3,000	20 Feb 2024	15 Jul 2024	146 Days
18 Laburnum Meadows, Four Crosses, Llanymynech, Powys, SY22 6QT	£300,000	£300,000	£00	28 Mar 2024	12 Jul 2024	106 Days
2 Ffordd Spoonley, Llansantffraid, Powys, SY22 6FB	£385,000	£377,500	-£7,500	12 Nov 2023	26 Jun 2024	227 Days
5 Maes Derw, Llanfechain, Powys, SY22 6XN	£269,000	£255,000	-£14,000	16 Apr 2024	24 Jun 2024	69 Days
8 Maes Dinas, Llanfechain, Powys, SY22 6YR	£325,000	£325,000	£00	19 Mar 2024	03 Jun 2024	76 Days
4 Llwyn Y Garth, Llanfyllin, Powys, SY22 5JZ	£325,000	£305,000	-£20,000	19 Feb 2024	31 May 2024	102 Days
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
36 Maes Sarn Wen, Four Crosses, Llanymynech, Powys, SY22 6NT	£335,000	£327,500	-£7,500	11 Jan 2024	04 Apr 2024	84 Days
17 Lon Maldwyn, Llansantffraid, Powys, SY22 6FH	£205,000	£198,750	-£6,250	18 Jan 2024	03 Apr 2024	76 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
4 Chestnut Close, Four Crosses, Llanymynech, Powys, SY22 6NN	£340,000	£340,000	£00	25 Sep 2023	22 Mar 2024	179 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

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 6RU	Arddleen, Llanymynech	Llanfechain	£365,333	3
SY22 6BY	Meifod, Powys	Llanfechain	£364,000	4
SY22 5LW	Bwlch Y Cibau, Llanfyllin	Llanfechain	£363,333	3

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	£109,750	4
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 6PD	Wern, Llanymynech	Llanfechain	£165,000	3
SY22 6LN	Heritage Way, Llanymynech	Llanfechain	£174,762	12
SY22 6NQ	Severn Way, Four Crosses	Llanfechain	£175,000	4