HOMELEA, STRYD Y FFYNNON, NEFYN, PWLLHELI, LL53 6HW - £128,000

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.

HOMELEA is a very small extended terraced house of 69m², built sometime between 1900 and 1929, which could now be worth an estimated £169,009. It was last sold for £128,000 in February 2020, which was around 7% above the average February 2020 terraced price in the Gwynedd local authority area. The most recent EPC inspection was November 2019, where the current energy rating was E, and the potential energy rating was B.

HOMELEA Sold Prices

Land registry data shows three sales for HOMELEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Gwynedd local authority area for the corresponding sale date. One of the three HOMELEA sales was for above the average price, whilst two were for below 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 21 FEB	£128,000	£119,870	7% above HPI
2005 11 FEB	£84,000	£99,575	16% below HPI
1999 3 SEP	£16,500	£32,966	50% below HPI

HOMELEA 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 three HOMELEA sales between September 1999 and February 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 February 2005 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the February 2020 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might HOMELEA be worth now?

HOMELEA might now be worth an estimated £169,009.

This is based on house price inflation of 32%, between February 2020 and June 2025, 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 32% inflationary increase is applied to the most recent sale price for HOMELEA of £128,000 on 21st February 2020. For the value to have increased from £128,000 to £169,009 over the four years and eight months to June 2025, the following assumptions must hold true:

• The value of HOMELEA has moved in line with the HPI for terraced houses in the Gwynedd local authority area.
• The February 2020 sale price of £128,000 represented a fair market value for the property.
• The size, condition, and specification of HOMELEA has not materially changed since February 2020.

How Large is HOMELEA?

HOMELEA is 69m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the smallest 20% of terraced houses houses in Nefyn, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Nefyn, and where HOMELEA lies on this distribution: 10% of terraced houses houses are smaller than HOMELEA, and 88% of houses are larger. Note that EPC data is not available for all properties in Nefyn.

HOMELEA: Plot and Title Map

HOMELEA sits on a plot of roughly 0.020 of an acre, or 82m². The below map shows the location of HOMELEA, 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 HOMELEA). 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 HOMELEA?

HOMELEA is located on STRYD Y FFYNNON in NEFYN, in the LL53 postcode district. The below map shows the position of HOMELEA on STRYD Y FFYNNON.