2, ERW HYWEL COTTAGES, LLANRUG, CAERNARFON, LL55 2AJ - £115,000

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

2 ERW HYWEL COTTAGES is a very small extended detached house of 58m², built sometime between 1900 and 1929. It was last sold for £115,000 in June 2017, which was around 48% below the average June 2017 detached price in the Gwynedd local authority area. The most recent EPC inspection was March 2010, where the current energy rating was G, and the potential energy rating was G.

2 ERW HYWEL COTTAGES Sold Prices

Land registry data shows four sales for 2 ERW HYWEL COTTAGES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gwynedd local authority area for the corresponding sale date. All of the four 2 ERW HYWEL COTTAGES 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
2017 30 JUN	£115,000	£221,806	48% below HPI
2004 30 JAN	£75,000	£142,568	47% below HPI
2002 22 MAY	£51,000	£90,447	44% below HPI
1997 12 SEP	£30,000	£63,366	53% below HPI

2 ERW HYWEL COTTAGES 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 four 2 ERW HYWEL COTTAGES sales between September 1997 and June 2017 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 January 2004 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the June 2017 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might 2 ERW HYWEL COTTAGES be worth now?

2 ERW HYWEL COTTAGES might now be worth an estimated £153,505.

This is based on house price inflation of 33.5%, between June 2017 and December 2024, 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 33.5% inflationary increase is applied to the most recent sale price for 2 ERW HYWEL COTTAGES of £115,000 on 30th June 2017. For the value to have increased from £115,000 to £153,505 over the six years and six months to December 2024, the following assumptions must hold true:

• The value of 2 ERW HYWEL COTTAGES has moved in line with the HPI for detached houses in the Gwynedd local authority area.
• The June 2017 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ERW HYWEL COTTAGES has not materially changed since June 2017.

How Large is 2 ERW HYWEL COTTAGES?

2 ERW HYWEL COTTAGES is 58m², which includes two extensions, according to the EPC inspection conducted in March 2010. This puts it in the smallest 10% of detached houses houses in Llanrug, based on EPC data. The below chart shows the distribution of detached houses houses by size in Llanrug, and where 2 ERW HYWEL COTTAGES lies on this distribution: Less than 1% of detached houses houses are smaller than 2 ERW HYWEL COTTAGES, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Llanrug.

2 ERW HYWEL COTTAGES: Plot and Title Map

2 ERW HYWEL COTTAGES sits on a plot of roughly 0.039 of an acre, or 158m². The below map shows the location of 2 ERW HYWEL COTTAGES, 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 2 ERW HYWEL COTTAGES). 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 2 ERW HYWEL COTTAGES?

2 ERW HYWEL COTTAGES is located in LLANRUG, in the LL55 postcode district. The below map shows the position of No. 2 on ERW HYWEL COTTAGES.