MORAWEL, HIGHMEADOW, LLANTWIT MAJOR, CF61 1RQ - £370,000

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.

MORAWEL is a very small detached house of 77m², built sometime between 1930 and 1949, which could now be worth an estimated £381,923. It was last sold for £370,000 in June 2022, which was around 25% below the average June 2022 detached price in the Vale of Glamorgan local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

MORAWEL Sold Prices

Land registry data shows two sales for MORAWEL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Vale of Glamorgan local authority area for the corresponding sale date. Both of the two MORAWEL sales 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
2022 8 JUN	£370,000	£492,871	25% below HPI
1996 31 MAY	£70,000	£93,500	25% below HPI

MORAWEL Price Paid vs. HPI Average

The below graph shows the average detached house price in the Vale of Glamorgan local authority area over time, sourced from the HPI. The two MORAWEL sales from May 1996 and June 2022 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 May 1996 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2022 sale, which was also at 25% below the HPI.

What might MORAWEL be worth now?

MORAWEL might now be worth an estimated £381,923.

This is based on house price inflation of 3.2%, between June 2022 and June 2025, for detached houses, in the Vale of Glamorgan local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.2% inflationary increase is applied to the most recent sale price for MORAWEL of £370,000 on 8th June 2022. For the value to have increased from £370,000 to £381,923 over the three years to June 2025, the following assumptions must hold true:

• The value of MORAWEL has moved in line with the HPI for detached houses in the Vale of Glamorgan local authority area.
• The June 2022 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of MORAWEL has not materially changed since June 2022.

How Large is MORAWEL?

MORAWEL is 77m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 10% of detached houses houses in Llantwit Major, based on EPC data. The below chart shows the distribution of detached houses houses by size in Llantwit Major, and where MORAWEL lies on this distribution: 7% of detached houses houses are smaller than MORAWEL, and 93% of houses are larger. Note that EPC data is not available for all properties in Llantwit Major.

MORAWEL: Plot and Title Map

MORAWEL sits on a plot of roughly 0.153 of an acre, or 618m². The below map shows the location of MORAWEL, 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 MORAWEL). 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 MORAWEL?

MORAWEL is located on HIGHMEADOW in LLANTWIT MAJOR, in the CF61 postcode district. The below map shows the position of MORAWEL on HIGHMEADOW.