STUDIO, MORFA BYCHAN, PORTHMADOG, LL49 9UY - £299,000

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.

STUDIO is a very large extended detached house of 145m², built sometime before 1900, which could now be worth an estimated £444,982. It was last sold for £299,000 in October 2015, which was around 40% above the average October 2015 detached price in the Gwynedd local authority area. The most recent EPC inspection was March 2013, where the current energy rating was E, and the potential energy rating was D.

STUDIO Sold Prices

Land registry data shows three sales for STUDIO since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gwynedd local authority area for the corresponding sale date. All of the three STUDIO sales were 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
2015 19 OCT	£299,000	£213,164	40% above HPI
2003 15 AUG	£249,500	£128,336	94% above HPI
1995 30 JUN	£80,000	£57,324	40% above HPI

STUDIO Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gwynedd local authority area over time, sourced from the HPI. The three STUDIO sales between June 1995 and October 2015 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 August 2003 sale was for 94% above the HPI. So the extrapolation line tracks at 94% above the HPI over time, until the October 2015 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might STUDIO be worth now?

STUDIO might now be worth an estimated £444,982.

This is based on house price inflation of 48.8%, between October 2015 and July 2026, for detached houses, in the Gwynedd local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 48.8% inflationary increase is applied to the most recent sale price for STUDIO of £299,000 on 19th October 2015. For the value to have increased from £299,000 to £444,982 over the eleven years and three months to July 2026, the following assumptions must hold true:

• The value of STUDIO has moved in line with the HPI for detached houses in the Gwynedd local authority area.
• The October 2015 sale price of £299,000 represented a fair market value for the property.
• The size, condition, and specification of STUDIO has not materially changed since October 2015.

How Large is STUDIO?

STUDIO is 145m², which includes four extensions, according to the EPC inspection conducted in March 2013. This puts it in the largest 20% of detached houses houses in Morfa Bychan, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morfa Bychan, and where STUDIO lies on this distribution: 85% of detached houses houses are smaller than STUDIO, and 15% of houses are larger. Note that EPC data is not available for all properties in Morfa Bychan.

STUDIO: Plot and Title Map

STUDIO sits on a plot of roughly 0.346 of an acre, or 1,401m². The below map shows the location of STUDIO, 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 STUDIO). 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 STUDIO?

STUDIO is located in MORFA BYCHAN, in the LL49 postcode district. The below map shows the position of STUDIO in MORFA BYCHAN.