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Area Guide For Knighton

Knighton is a little market town and group arranged primarily in Powys, Wales, inside the memorable province limits of Radnorshire. Lying on the River Teme, the town straddles the English-Welsh outskirt; Knighton route station, and in addition a little piece of the town's developed territory, is placed in Shropshire, England. Knighton is the sixth biggest town in Powys. The name Knighton gets from Old English signifying 'A settlement of knights' or 'knights town'. This was both an Anglo-Saxon and later a Norman strengthened limit, a spot where knights shielded the borderlands from Welsh intruders. Tref-y-clawdd, its Welsh name, is not an interpretation: it signifies 'town on the dyke' and not Knighton. On the off chance that you were to make an interpretation of Knighton into Welsh it would be called Tref marchogion or Aheddiad o farchogionn.


Knighton Map

Estimated Price: £204,316
Average Asking Price: £240,185
Price change in last one year: £9,506
Average Price Paid: £176,700
Average Rent Rates: £407


Property Prices Breakdown in Knighton

Average Price for property in Knighton is around £204,316 which varies based on type of property you are interested in and ranges from £264,611 for detached house to around £154,315 for semi-detached. Similarly terraced house is around £123,247 and a flat is worth £66,266. Values have been changing and have risen £621 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,269 in last 6 months, £9,506 in last 1 year, £21,926 in last 2 years, £13,956 in last 3 years, £13,347 in last 4 years and £13,187 in last 5 years.

Currently average asking price of a property in Knighton is around £240,185 based on approximately 60 properties for sale. Same is the case with rental options based on 3 properties up for rent, average asking rent is around £407 per month.

Estimated property value in Knighton is £204,316. Average asking price is £240,185 while average price paid is £183,401 which is up by £9,506 and Avg. asking rent £407.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 Knighton area. In last 1 year alone average price buyer paid is around £183,401 based on approximately 60 sales in Knighton area alone. If you compare it to last 3 years sales of 148 properties where buyers paid around £178,345. 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 £176,700 for 229 and average amount paid for purchase of approx. 307 properties sold in last 7 years comes to about £175,389 per sale.


Properties For Sale in Knighton


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 £150,562, £213,395 for a 3 bedroom house, £346,195 for a 4 bedroom house and £410,000 for a 5 bedroom house. To sum up the asking prices for properties in Knighton it comes to around average £150,562 for 2 bedroom property, £213,395 for 3 bedroom, £346,195 for 4 bedroom and £410,000 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 £451 for 3 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £321. You should be generally be expecting around average £321 rent per month for 2 bedroom property and approximately £450 for 3 bedroom property in Knighton area.

Popular Houses in Knighton

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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