3, CHALET PARK, MORFA BYCHAN, PORTHMADOG, LL49 9YQ - £110,000

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.

3 CHALET PARK is a very small detached house of 53m², built sometime between 1976 and 1982, which could now be worth an estimated £157,597. It was last sold for £110,000 in November 2015, which was around 48% below the average November 2015 detached price in the Gwynedd local authority area. The most recent EPC inspection was April 2014, where the current energy rating was F, and the potential energy rating was C.

3 CHALET PARK Sold Prices

Land registry data shows two sales for 3 CHALET PARK 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 3 CHALET 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
2015 4 NOV	£110,000	£210,474	48% below HPI
1997 6 NOV	£26,000	£66,078	61% below HPI

3 CHALET PARK 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 3 CHALET PARK sales from November 1997 and November 2015 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 November 1997 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the November 2015 sale, where it rises to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might 3 CHALET PARK be worth now?

3 CHALET PARK might now be worth an estimated £157,597.

This is based on house price inflation of 43.3%, between November 2015 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 43.3% inflationary increase is applied to the most recent sale price for 3 CHALET PARK of £110,000 on 4th November 2015. For the value to have increased from £110,000 to £157,597 over the ten years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 CHALET PARK has moved in line with the HPI for detached houses in the Gwynedd local authority area.
• The November 2015 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHALET PARK has not materially changed since November 2015.

How Large is 3 CHALET PARK?

3 CHALET PARK is 53m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% of detached houses houses in Morfa Bychan, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morfa Bychan, and where 3 CHALET PARK lies on this distribution: 3% of detached houses houses are smaller than 3 CHALET PARK, and 96% of houses are larger. Note that EPC data is not available for all properties in Morfa Bychan.

3 CHALET PARK: Plot and Title Map

3 CHALET PARK sits on a plot of roughly 0.043 of an acre, or 172m². The below map shows the location of 3 CHALET 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 3 CHALET 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 3 CHALET PARK?

3 CHALET PARK is located in MORFA BYCHAN, in the LL49 postcode district. The below map shows the position of No. 3 on CHALET PARK.