23, TY MERCHANT, PENCOED, BRIDGEND, CF35 6PN - £385,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

23 TY MERCHANT is a midsized extended detached house of 113m², built sometime before 1900. It was last sold for £385,000 in July 2024, which was around 21% above the average July 2024 detached price in the Bridgend local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

23 TY MERCHANT Sold Prices

Land registry data shows two sales for 23 TY MERCHANT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bridgend local authority area for the corresponding sale date. Both of the two 23 TY MERCHANT 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
2024 12 JUL	£385,000	£318,544	21% above HPI
2021 1 SEP	£348,500	£277,753	25% above HPI

23 TY MERCHANT Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bridgend local authority area over time, sourced from the HPI. The two 23 TY MERCHANT sales from September 2021 and July 2024 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 September 2021 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the July 2024 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is 23 TY MERCHANT?

23 TY MERCHANT is 113m², which includes two extensions, according to the EPC inspection conducted in October 2022. This puts it in the smallest 50% of detached houses in Pencoed, based on EPC data. The below chart shows the distribution of detached houses by size in Pencoed, and where 23 TY MERCHANT lies on this distribution: 42% of detached houses are smaller than 23 TY MERCHANT, and 56% of houses are larger. Note that EPC data is not available for all properties in Pencoed.

23 TY MERCHANT: Plot and Title Map

23 TY MERCHANT sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 23 TY MERCHANT, 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 23 TY MERCHANT). 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 23 TY MERCHANT?

23 TY MERCHANT is located in PENCOED, in the CF35 postcode district. The below map shows the position of No. 23 on TY MERCHANT.