Market outlook for HR3
Key indicators for buyers
The HR3 market is moderately favourable for buyers. Prices have softened (-25.3%), which could present a buying opportunity. Affordability has improved from a peak of 8.7x in 2007 to 7.9x today. Rising rents (£616/mo, +10.0%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Powys area
A home in Powys costs 7.9x the local median salary — moderate, improving from a peak of 8.7x in 2007.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Powys area
Average monthly rent in Powys is £616, up 10.0% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Powys price of £290,000 with a 25% deposit (£73k), a 2-year fixed mortgage at 3.97% costs around £1,144 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses HR3 avg. price with Powys rental data
Monthly mortgage payments (£1,144) are £528 more than renting (£616). However, buying requires an upfront deposit of £73k — it would take around 38 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
11, HEOL Y DWR, HAY ON WYE HR3 5AZ | Terraced | £290,000 | 9 Jan 2026 |
3, DE BREOS COURT, HAY ON WYE HR3 5DL | Terraced | £327,500 | 16 Dec 2025 |
THE HOLLIES, ALMELEY HR3 6LQ | Semi-detached | £242,000 | 12 Dec 2025 |
TYGLAS, EARDISLEY HR3 6PP | Detached | £290,000 | 5 Dec 2025 |
2, COUNCIL HOUSES, BRILLEY HR3 6JF | Other | £300,000 | 20 Nov 2025 |
2, COUNCIL HOUSES, BRILLEY HR3 6JF | Semi-detached | £300,000 | 20 Nov 2025 |
THE POWER HOUSE, WHITNEY ON WYE HR3 6HS | Detached |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.