Presteigne

Area Guide For Presteigne

Presteigne is a town and group in Powys, Wales. It was the province town of the noteworthy district of Radnorshire. Notwithstanding lying on a minor B street the town has, in the same way as a few different towns near to the Wales-England fringe, expected the aphorism, "Entryway to Wales".

The town sits on the south bank of the River Lugg, which structures the England–Wales fringe as it passes the town — the outskirt adequately wraps around three sides of the town (north, east and south). Close-by towns are Kington to the south and Knighton to the north, and encompassing towns incorporate Norton and Stapleton. The town falls inside the Diocese of Hereford.

 
 

Presteigne Map

Estimated Price: £255,832
Average Asking Price: £311,115
Price change in last one year: £14,934
Average Price Paid: £220,127
Average Rent Rates: £600

 
 

Property Prices Breakdown in Presteigne

Average Price for property in Presteigne is around £255,832 which varies based on type of property you are interested in and ranges from £294,191 for detached house to around £187,270 for semi-detached. Similarly terraced house is around £159,451 and a flat is worth £167,358. Values have been changing and have risen £750 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,747 in last 6 months, £14,934 in last 1 year, £27,791 in last 2 years, £17,671 in last 3 years, £15,054 in last 4 years and £15,986 in last 5 years.

Currently average asking price of a property in Presteigne is around £311,115 based on approximately 47 properties for sale. Same is the case with rental options based on 5 properties up for rent, average asking rent is around £600 per month.

Estimated property value in Presteigne is £255,832. Average asking price is £311,115 while average price paid is £254,149 which is up by £14,934 and Avg. asking rent £600.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Presteigne area. In last 1 year alone average price buyer paid is around £254,149 based on approximately 47 sales in Presteigne area alone. If you compare it to last 3 years sales of 150 properties where buyers paid around £221,862. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £220,127 for 224 and average amount paid for purchase of approx. 298 properties sold in last 7 years comes to about £214,633 per sale.

 
 

Properties For Sale in Presteigne

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £166,686, £254,059 for a 3 bedroom house, £362,630 for a 4 bedroom house and £430,000 for a 5 bedroom house. To sum up the asking prices for properties in Presteigne it comes to around average £166,686 for 2 bedroom property, £254,059 for 3 bedroom, £362,630 for 4 bedroom and £430,000 for 5 bedroom.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it is £425 for 1 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £347. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £420. You should be generally be expecting around average £386 rent per month for single bedroom property and approximately £420 for 2 bedroom property in Presteigne area.

Popular Houses in Presteigne

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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