Market outlook for SY16
Key indicators for buyers
The SY16 market is moderately favourable for buyers. Prices have softened (-27.2%), 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 £183,000 with a 25% deposit (£46k), a 2-year fixed mortgage at 3.97% costs around £722 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses SY16 avg. price with Powys rental data
Monthly mortgage payments (£722) are £106 more than renting (£616). However, buying requires an upfront deposit of £46k — it would take around 12 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 |
|---|---|---|---|
33, PENARRON DRIVE, KERRY SY16 4EA | Semi-detached | £238,000 | 26 Jan 2026 |
4, MAYFIELD TERRACE SY16 1HQ | Detached | £163,000 | 16 Jan 2026 |
28, LON GLANYRAFON SY16 1QT | Terraced | £163,000 | 9 Jan 2026 |
17, PARK AVENUE, KERRY SY16 4DA | Terraced | £168,000 | 9 Jan 2026 |
6, MILL FIELDS, MILFORD SY16 3JP | Detached | £465,000 | 19 Dec 2025 |
55, WOODLAND WAY SY16 2TH | Detached | £220,000 | 19 Dec 2025 |
10, ROSEMARY DRIVE, TREGYNON SY16 3EG | Semi-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.