3, ORMES ROAD, NEATH, SA10 6SY - £70,000

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.

3 ORMES ROAD is a small extended terraced house of 75m², built sometime between 1930 and 1949, which could now be worth an estimated £78,726. It was last sold for £70,000 in February 2022, which was around 40% below the average February 2022 terraced price in the Neath Port Talbot local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

3 ORMES ROAD Sold Prices

Land registry data shows two sales for 3 ORMES ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Neath Port Talbot local authority area for the corresponding sale date. Both of the two 3 ORMES ROAD 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 4 FEB	£70,000	£117,490	40% below HPI
2010 16 DEC	£32,000	£76,787	58% below HPI

3 ORMES ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Neath Port Talbot local authority area over time, sourced from the HPI. The two 3 ORMES ROAD sales from December 2010 and February 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 December 2010 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the February 2022 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 3 ORMES ROAD be worth now?

3 ORMES ROAD might now be worth an estimated £78,726.

This is based on house price inflation of 12.5%, between February 2022 and April 2026, for terraced houses, in the Neath Port Talbot local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.5% inflationary increase is applied to the most recent sale price for 3 ORMES ROAD of £70,000 on 4th February 2022. For the value to have increased from £70,000 to £78,726 over the three years and ten months to April 2026, the following assumptions must hold true:

• The value of 3 ORMES ROAD has moved in line with the HPI for terraced houses in the Neath Port Talbot local authority area.
• The February 2022 sale price of £70,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ORMES ROAD has not materially changed since February 2022.

How Large is 3 ORMES ROAD?

3 ORMES ROAD is 75m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the smallest 30% of terraced houses in Neath, based on EPC data. The below chart shows the distribution of terraced houses by size in Neath, and where 3 ORMES ROAD lies on this distribution: 29% of terraced houses are smaller than 3 ORMES ROAD, and 70% of terraced houses are larger. Note that EPC data is not available for all properties in Neath.

Where is 3 ORMES ROAD?

3 ORMES ROAD is located in NEATH, in the SA10 postcode district.