PINEWOODS, LLECHRYD, CARDIGAN, SA43 2NH - £225,000

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.

PINEWOODS is a very small detached house of 83m², built sometime between 1967 and 1975, which could now be worth an estimated £237,355. It was last sold for £225,000 in January 2022, which was around 28% below the average January 2022 detached price in the Ceredigion local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was C.

PINEWOODS Sold Prices

Land registry data shows two sales for PINEWOODS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ceredigion local authority area for the corresponding sale date. Both of the two PINEWOODS 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 10 JAN	£225,000	£311,230	28% below HPI
2019 7 NOV	£155,000	£245,708	37% below HPI

PINEWOODS 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 two PINEWOODS sales from November 2019 and January 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 November 2019 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the January 2022 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might PINEWOODS be worth now?

PINEWOODS might now be worth an estimated £237,355.

This is based on house price inflation of 5.5%, between January 2022 and May 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 5.5% inflationary increase is applied to the most recent sale price for PINEWOODS of £225,000 on 10th January 2022. For the value to have increased from £225,000 to £237,355 over the three years and eight months to May 2026, the following assumptions must hold true:

• The value of PINEWOODS has moved in line with the HPI for detached houses in the Ceredigion local authority area.
• The January 2022 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of PINEWOODS has not materially changed since January 2022.

How Large is PINEWOODS?

PINEWOODS is 83m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 10% of detached houses houses in Llechryd, based on EPC data. The below chart shows the distribution of detached houses houses by size in Llechryd, and where PINEWOODS lies on this distribution: 9% of detached houses houses are smaller than PINEWOODS, and 91% of houses are larger. Note that EPC data is not available for all properties in Llechryd.

PINEWOODS: Plot and Title Map

PINEWOODS sits on a plot of roughly 0.159 of an acre, or 644m². The below map shows the location of PINEWOODS, 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 PINEWOODS). 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 PINEWOODS?

PINEWOODS is located in LLECHRYD, in the SA43 postcode district. The below map shows the position of PINEWOODS in LLECHRYD.