MERVIC, TOWYN WAY EAST, TOWYN, ABERGELE, LL22 9NB - £195,000

MERVIC is a very large extended detached house of 119m², built sometime between 1930 and 1949. It was last sold for £195,000 in June 2018, which was around 12% below the average June 2018 detached price in the Conwy local authority area. The most recent EPC inspection was February 2017, where the current energy rating was G, and the potential energy rating was C.

MERVIC Sold Prices

Land registry data shows two sales for MERVIC since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Conwy local authority area for the corresponding sale date. One of the two MERVIC 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
2018 29 JUN	£195,000	£222,637	12% below HPI
1997 18 JUL	£99,000	£66,375	49% above HPI

MERVIC Price Paid vs. HPI Average

The below graph shows the average detached house price in the Conwy local authority area over time, sourced from the HPI. The two MERVIC sales from July 1997 and June 2018 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 July 1997 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the June 2018 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is MERVIC?

MERVIC is 119m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the largest 20% of detached houses in Towyn, based on EPC data. The below chart shows the distribution of detached houses by size in Towyn, and where MERVIC lies on this distribution: 81% of detached houses are smaller than MERVIC, and 19% of houses are larger. Note that EPC data is not available for all properties in Towyn.

MERVIC: Plot and Title Map

MERVIC sits on a plot of roughly 0.614 of an acre, or 2,484m². The below map shows the location of MERVIC, 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 MERVIC). 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 MERVIC?

MERVIC is located on TOWYN WAY EAST in TOWYN, in the LL22 postcode district. The below map shows the position of MERVIC on TOWYN WAY EAST.