3, MORFA LANE, CARMARTHEN, SA31 3AX - £277,500

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 MORFA LANE is a very large extended detached house of 175m², built sometime between 1930 and 1949, which could now be worth an estimated £280,280. It was last sold for £277,500 in October 2023, which was around 1% above the average October 2023 detached price in the Carmarthenshire local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was C.

3 MORFA LANE Sold Prices

Land registry data shows two sales for 3 MORFA LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Carmarthenshire local authority area for the corresponding sale date. Both of the two 3 MORFA LANE 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
2023 12 OCT	£277,500	£273,674	1% above HPI
2005 15 JUL	£212,000	£162,949	30% above HPI

3 MORFA LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Carmarthenshire local authority area over time, sourced from the HPI. The two 3 MORFA LANE sales from July 2005 and October 2023 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 July 2005 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the October 2023 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 3 MORFA LANE be worth now?

3 MORFA LANE might now be worth an estimated £280,280.

This is based on house price inflation of 1%, between October 2023 and February 2025, for detached houses, in the Carmarthenshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1% inflationary increase is applied to the most recent sale price for 3 MORFA LANE of £277,500 on 12th October 2023. For the value to have increased from £277,500 to £280,280 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 MORFA LANE has moved in line with the HPI for detached houses in the Carmarthenshire local authority area.
• The October 2023 sale price of £277,500 represented a fair market value for the property.
• The size, condition, and specification of 3 MORFA LANE has not materially changed since October 2023.

How Large is 3 MORFA LANE?

3 MORFA LANE is 175m², which includes two extensions, according to the EPC inspection conducted in March 2021. This puts it in the largest 20% of detached houses houses in Carmarthen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Carmarthen, and where 3 MORFA LANE lies on this distribution: 89% of detached houses houses are smaller than 3 MORFA LANE, and 11% of houses are larger. Note that EPC data is not available for all properties in Carmarthen.

3 MORFA LANE: Plot and Title Map

3 MORFA LANE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 3 MORFA LANE, 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 MORFA LANE). 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 MORFA LANE?

3 MORFA LANE is located in CARMARTHEN, in the SA31 postcode district. The below map shows the position of No. 3 on MORFA LANE.