PROFESSIONAL house buying firm Property Solvers’ speed of sale tool has revealed that it’s taking an average of four months to sell a property in the Radnorshire and Breconshire (LD) postcodes.

Updated monthly, the latest dataset analysed over 50 property sales across the region between March 2020 and March 2021.

The statistics track the moment a property is listed on the UK’s largest property portal Rightmove to the point it’s marked as officially sold at the HM Land Registry.

In the LD2 (Builth Wells), LD3 (Brecon), LD6 (Rhayader), LD7 (Knighton) and LD8 (Presteigne) postcodes, out of the 37 tracked properties in the 12 months to March 2021, home sellers were waiting 121 days on average from listing to completion.

Properties were selling the fastest in the LD1 (Llandrindod Wells) and LD5 (Llanwrtyd Wells) areas, as well as some parts of the LD6, LD7 and LD8 postcodes. Fifty homes in these areas took 117 days to sell on average.

The LD6 district also covers one isolated farmhouse in Ceredigion. The LD7 and LD8 districts extend across the border into England, covering very small parts of Shropshire and Herefordshire.

Property Solvers co-founder Ruban Selvanayagam said: “Although buyer demand hasn’t waned over the course of the pandemic, the length of time for transactions to complete has certainly lengthened.

“Operational activity has still pretty much continued, but the home sales industry – like many others – has had to learn to adapt over the last year. Many solicitors, mortgage brokers and other professionals in our sector have been working from home which has often resulted in administrative and other operational delays.

“However, with positive news around the vaccine roll-out, as more people gradually return to offices and agencies, we’re cautiously optimistic about things picking up over the course of the year.”

To check out the speed of sale tool and see data on individual postcodes anywhere across Wales, visit the Property Solvers site at https://www.propertysolvers.co.uk/sell-house-fast/#how-fast.