Welshpool is a community and community in Wales, traditionally in the area of Montgomeryshire, but currently administered as part of the unitary authority of Powys. The community is located 4 miles (6.4 km) from the Wales-- England boundary and low-lying on the River Severn; its Welsh language name Y Trallwng indicates "the marshy or sinking land". Welshpool is the 4th biggest community in Powys. In English it was initially referred to as Pool yet its name was changed to Welshpool in 1835 to distinguish it from the English community of Poole. It has a population of 6,664 (UK Census 2011), has much Georgian design and also is just north of Powis Castle. The regional economy is mainly based upon farming and also local sector. The Smithfield Livestock Market is the largest one-day lamb market in Europe, whilst the town's industrial estates are house to countless different sorts of little market. Because of the town's tiny size and also population the tourist attraction of high street stores is limited, implying much of the homeowners are compelled to shop in neighbouring communities like Newtown and also Shrewsbury.