12, GROVE PARK, CARDIGAN, SA43 1AX - £136,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

12 GROVE PARK is a small detached house of 88m², built sometime between 1991 and 1995. It was last sold for £136,500 in March 2016, which was around 39% below the average March 2016 detached price in the Ceredigion local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

12 GROVE PARK Sold Prices

Land registry data shows four sales for 12 GROVE PARK 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 12 GROVE PARK 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
2016 24 MAR	£136,500	£222,393	39% below HPI
2004 9 FEB	£117,500	£156,689	25% below HPI
2000 17 JUL	£54,000	£80,711	33% below HPI
1998 23 OCT	£52,000	£79,198	34% below HPI

12 GROVE PARK 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 12 GROVE PARK sales between October 1998 and March 2016 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 February 2004 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the March 2016 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 12 GROVE PARK be worth now?

12 GROVE PARK might now be worth an estimated £193,409.

This is based on house price inflation of 41.7%, between March 2016 and December 2024, 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 41.7% inflationary increase is applied to the most recent sale price for 12 GROVE PARK of £136,500 on 24th March 2016. For the value to have increased from £136,500 to £193,409 over the seven years and three months to December 2024, the following assumptions must hold true:

• The value of 12 GROVE PARK has moved in line with the HPI for detached houses in the Ceredigion local authority area.
• The March 2016 sale price of £136,500 represented a fair market value for the property.
• The size, condition, and specification of 12 GROVE PARK has not materially changed since March 2016.

How Large is 12 GROVE PARK?

12 GROVE PARK is 88m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 30% of detached houses houses in Cardigan, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cardigan, and where 12 GROVE PARK lies on this distribution: 24% of detached houses houses are smaller than 12 GROVE PARK, and 76% of houses are larger. Note that EPC data is not available for all properties in Cardigan.

12 GROVE PARK: Plot and Title Map

12 GROVE PARK sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 12 GROVE PARK, 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 12 GROVE PARK). 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 12 GROVE PARK?

12 GROVE PARK is located in CARDIGAN, in the SA43 postcode district. The below map shows the position of No. 12 on GROVE PARK.