MORFAGWYN, LLANON, SY23 5HT - £237,000

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.

MORFAGWYN is a large extended detached house of 122m², built sometime between 1930 and 1949, which could now be worth an estimated £322,419. It was last sold for £237,000 in September 2018, which was around 2% below the average September 2018 detached price in the Ceredigion local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

MORFAGWYN Sold Prices

Land registry data shows four sales for MORFAGWYN since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Ceredigion local authority area for the corresponding sale date. All of the four MORFAGWYN 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
2018 19 SEP	£237,000	£240,731	2% below HPI
2017 11 MAY	£215,000	£232,815	8% below HPI
2015 17 DEC	£220,000	£227,624	3% below HPI
2003 16 DEC	£99,000	£156,620	37% below HPI

MORFAGWYN Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ceredigion local authority area over time, sourced from the HPI. The four MORFAGWYN sales between December 2003 and September 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 May 2017 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the September 2018 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might MORFAGWYN be worth now?

MORFAGWYN might now be worth an estimated £322,419.

This is based on house price inflation of 36%, between September 2018 and April 2026, for detached houses, in the Ceredigion local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36% inflationary increase is applied to the most recent sale price for MORFAGWYN of £237,000 on 19th September 2018. For the value to have increased from £237,000 to £322,419 over the eight years and five months to April 2026, the following assumptions must hold true:

• The value of MORFAGWYN has moved in line with the HPI for detached houses in the Ceredigion local authority area.
• The September 2018 sale price of £237,000 represented a fair market value for the property.
• The size, condition, and specification of MORFAGWYN has not materially changed since September 2018.

How Large is MORFAGWYN?

MORFAGWYN is 122m², which includes two extensions, according to the EPC inspection conducted in October 2014. This puts it in the largest 30% of detached houses in Llanon, based on EPC data. The below chart shows the distribution of detached houses by size in Llanon, and where MORFAGWYN lies on this distribution: 72% of detached houses are smaller than MORFAGWYN, and 28% of detached houses are larger. Note that EPC data is not available for all properties in Llanon.