Average Price for property in Machynlleth is around £163,894 which varies based on type of property you are interested in and ranges from £215,933 for detached house to around £141,114 for semi-detached. Similarly terraced house is around £118,120 and a flat is worth £81,275. Values have been changing and have risen £424 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,047 in last 6 months, £8,295 in last 1 year, £13,900 in last 2 years, £14,650 in last 3 years, £16,502 in last 4 years and £14,661 in last 5 years.
Currently average asking price of a property in Machynlleth is around £178,970 based on approximately 66 properties for sale. Same is the case with rental options based on 7 properties up for rent, average asking rent is around £423 per month.
Estimated property value in Machynlleth is £163,894. Average asking price is £178,970 while average price paid is £145,845 which is up by £8,295 and Avg. asking rent £423.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 Machynlleth area. In last 1 year alone average price buyer paid is around £145,845 based on approximately 66 sales in Machynlleth area alone. If you compare it to last 3 years sales of 180 properties where buyers paid around £158,282. 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 £159,113 for 317 and average amount paid for purchase of approx. 462 properties sold in last 7 years comes to about £160,000 per sale.