THE PINES, GORSEINON ROAD, GORSEINON, SWANSEA, SA4 4DG - £65,000

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.

THE PINES is a very large detached house of 179m², built in 2016, which could now be worth an estimated £215,528. It was last sold for £65,000 in May 2002, which was around 34% below the average May 2002 detached price in the Swansea local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was C.

THE PINES Sold Prices

Land registry data shows two sales for THE PINES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Swansea local authority area for the corresponding sale date. Both of the two THE PINES 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
2002 10 MAY	£65,000	£99,154	34% below HPI
1996 23 APR	£30,000	£68,927	56% below HPI

THE PINES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Swansea local authority area over time, sourced from the HPI. The two THE PINES sales from April 1996 and May 2002 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 April 1996 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the May 2002 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might THE PINES be worth now?

THE PINES might now be worth an estimated £215,528.

This is based on house price inflation of 231.6%, between May 2002 and May 2026, for detached houses, in the Swansea local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 231.6% inflationary increase is applied to the most recent sale price for THE PINES of £65,000 on 10th May 2002. For the value to have increased from £65,000 to £215,528 over the 24 years to May 2026, the following assumptions must hold true:

• The value of THE PINES has moved in line with the HPI for detached houses in the Swansea local authority area.
• The May 2002 sale price of £65,000 represented a fair market value for the property.
• The size, condition, and specification of THE PINES has not materially changed since May 2002.

How Large is THE PINES?

THE PINES is 179m² according to the EPC inspection conducted in March 2020. This puts it in the largest 10% of detached houses houses in Gorseinon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gorseinon, and where THE PINES lies on this distribution: 92% of detached houses houses are smaller than THE PINES, and 7% of houses are larger. Note that EPC data is not available for all properties in Gorseinon.

THE PINES: Plot and Title Map

THE PINES sits on a plot of roughly 0.272 of an acre, or 1,100m². The below map shows the location of THE PINES, 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 THE PINES). 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 THE PINES?

THE PINES is located on GORSEINON ROAD in GORSEINON, in the SA4 postcode district. The below map shows the position of THE PINES on GORSEINON ROAD.