2, MIN Y TRAETH, LON BRIDIN, MORFA NEFYN, PWLLHELI, LL53 6BY - £500,000

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.

2 MIN Y TRAETH is a midsized extended detached house of 119m², built sometime between 1976 and 1982, which could now be worth an estimated £553,806. It was last sold for £500,000 in July 2021, which was around 84% above the average July 2021 detached price in the Gwynedd local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

2 MIN Y TRAETH Sold Prices

Land registry data shows two sales for 2 MIN Y TRAETH since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gwynedd local authority area for the corresponding sale date. Both of the two 2 MIN Y TRAETH 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
2021 30 JUL	£500,000	£272,249	84% above HPI
2005 30 JUN	£210,000	£185,228	13% above HPI

2 MIN Y TRAETH 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 two 2 MIN Y TRAETH sales from June 2005 and July 2021 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 June 2005 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the July 2021 sale, where it rises to 84% above the HPI. The line then continues to track at 84% above the HPI.

What might 2 MIN Y TRAETH be worth now?

2 MIN Y TRAETH might now be worth an estimated £553,806.

This is based on house price inflation of 10.8%, between July 2021 and February 2025, 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 10.8% inflationary increase is applied to the most recent sale price for 2 MIN Y TRAETH of £500,000 on 30th July 2021. For the value to have increased from £500,000 to £553,806 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 2 MIN Y TRAETH has moved in line with the HPI for detached houses in the Gwynedd local authority area.
• The July 2021 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MIN Y TRAETH has not materially changed since July 2021.

How Large is 2 MIN Y TRAETH?

2 MIN Y TRAETH is 119m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 50% of detached houses houses in Morfa Nefyn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morfa Nefyn, and where 2 MIN Y TRAETH lies on this distribution: 59% of detached houses houses are smaller than 2 MIN Y TRAETH, and 40% of houses are larger. Note that EPC data is not available for all properties in Morfa Nefyn.

2 MIN Y TRAETH: Plot and Title Map

2 MIN Y TRAETH sits on a plot of roughly 0.133 of an acre, or 537m². The below map shows the location of 2 MIN Y TRAETH, 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 MIN Y TRAETH). 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 MIN Y TRAETH?

2 MIN Y TRAETH is located on LON BRIDIN in MORFA NEFYN, in the LL53 postcode district. The below map shows the position of 2 MIN Y TRAETH on LON BRIDIN.