CARREG LEA, LON Y TRAETH, NEFYN, PWLLHELI, LL53 6EF - £399,000

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.

CARREG LEA is a large extended detached house of 143m², built sometime between 1930 and 1949, which could now be worth an estimated £475,917. It was last sold for £399,000 in October 2020, which was around 56% above the average October 2020 detached price in the Gwynedd local authority area. The most recent EPC inspection was March 2012, where the current energy rating was F, and the potential energy rating was E.

CARREG LEA Sold Prices

Land registry data shows two sales for CARREG LEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gwynedd local authority area for the corresponding sale date. Both of the two CARREG LEA sales were 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
2020 13 OCT	£399,000	£255,688	56% above HPI
2012 23 AUG	£220,000	£202,932	8% above HPI

CARREG LEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gwynedd local authority area over time, sourced from the HPI. The two CARREG LEA sales from August 2012 and October 2020 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 2012 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the October 2020 sale, where it rises to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might CARREG LEA be worth now?

CARREG LEA might now be worth an estimated £475,917.

This is based on house price inflation of 19.3%, between October 2020 and March 2025, for detached 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 19.3% inflationary increase is applied to the most recent sale price for CARREG LEA of £399,000 on 13th October 2020. For the value to have increased from £399,000 to £475,917 over the five years and seven months to March 2025, the following assumptions must hold true:

• The value of CARREG LEA has moved in line with the HPI for detached houses in the Gwynedd local authority area.
• The October 2020 sale price of £399,000 represented a fair market value for the property.
• The size, condition, and specification of CARREG LEA has not materially changed since October 2020.

How Large is CARREG LEA?

CARREG LEA is 143m², which includes one extension, according to the EPC inspection conducted in March 2012. This puts it in the largest 30% of detached houses houses in Nefyn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nefyn, and where CARREG LEA lies on this distribution: 79% of detached houses houses are smaller than CARREG LEA, and 21% of houses are larger. Note that EPC data is not available for all properties in Nefyn.

CARREG LEA: Plot and Title Map

CARREG LEA sits on a plot of roughly 0.136 of an acre, or 549m². The below map shows the location of CARREG LEA, 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 CARREG LEA). 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 CARREG LEA?

CARREG LEA is located on LON Y TRAETH in NEFYN, in the LL53 postcode district. The below map shows the position of CARREG LEA on LON Y TRAETH.