12, TREMORFA CLOSE, FAIRBOURNE, LL38 2PQ - £119,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

12 TREMORFA CLOSE is a very small terraced house of 60m², built sometime between 1967 and 1975, which could now be worth an estimated £119,781. It was last sold for £119,500 in October 2023, which was around 25% below the average October 2023 terraced price in the Gwynedd local authority area. The most recent EPC inspection was September 2022, where the current energy rating was E, and the potential energy rating was C.

12 TREMORFA CLOSE Sold Prices

Land registry data shows two sales for 12 TREMORFA CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Gwynedd local authority area for the corresponding sale date. One of the two 12 TREMORFA CLOSE sales was for below the average price, whilst the other was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 27 OCT	£119,500	£160,056	25% below HPI
2008 19 AUG	£130,000	£109,990	18% above HPI

12 TREMORFA CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Gwynedd local authority area over time, sourced from the HPI. The two 12 TREMORFA CLOSE sales from August 2008 and October 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2008 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the October 2023 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 12 TREMORFA CLOSE be worth now?

12 TREMORFA CLOSE might now be worth an estimated £119,781.

This is based on house price inflation of 0.2%, between October 2023 and May 2026, for terraced houses, in the Gwynedd local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.2% inflationary increase is applied to the most recent sale price for 12 TREMORFA CLOSE of £119,500 on 27th October 2023. For the value to have increased from £119,500 to £119,781 over the three years and five months to May 2026, the following assumptions must hold true:

• The value of 12 TREMORFA CLOSE has moved in line with the HPI for terraced houses in the Gwynedd local authority area.
• The October 2023 sale price of £119,500 represented a fair market value for the property.
• The size, condition, and specification of 12 TREMORFA CLOSE has not materially changed since October 2023.

How Large is 12 TREMORFA CLOSE?

12 TREMORFA CLOSE is 60m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 20% of terraced houses houses in Fairbourne, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Fairbourne, and where 12 TREMORFA CLOSE lies on this distribution: 12% of terraced houses houses are smaller than 12 TREMORFA CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Fairbourne.

12 TREMORFA CLOSE: Plot and Title Map

12 TREMORFA CLOSE sits on a plot of roughly 0.110 of an acre, or 446m². The below map shows the location of 12 TREMORFA CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 12 TREMORFA CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 12 TREMORFA CLOSE?

12 TREMORFA CLOSE is located in FAIRBOURNE, in the LL38 postcode district. The below map shows the position of No. 12 on TREMORFA CLOSE.