8, GARREG GOCH, MORFA BYCHAN, PORTHMADOG, LL49 9YD - £290,000

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.

8 GARREG GOCH is a midsized detached house of 99m², built sometime between 1976 and 1982, which could now be worth an estimated £319,376. It was last sold for £290,000 in August 2021, which was around 6% above the average August 2021 detached price in the Gwynedd local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

8 GARREG GOCH Sold Prices

Land registry data shows two sales for 8 GARREG GOCH 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. One of the two 8 GARREG GOCH sales was for above the average price, whilst the other was 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
2021 24 AUG	£290,000	£273,810	6% above HPI
2011 25 NOV	£171,000	£208,609	18% below HPI

8 GARREG GOCH 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 8 GARREG GOCH sales from November 2011 and August 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 November 2011 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the August 2021 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 8 GARREG GOCH be worth now?

8 GARREG GOCH might now be worth an estimated £319,376.

This is based on house price inflation of 10.1%, between August 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 10.1% inflationary increase is applied to the most recent sale price for 8 GARREG GOCH of £290,000 on 24th August 2021. For the value to have increased from £290,000 to £319,376 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 8 GARREG GOCH has moved in line with the HPI for detached houses in the Gwynedd local authority area.
• The August 2021 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GARREG GOCH has not materially changed since August 2021.

How Large is 8 GARREG GOCH?

8 GARREG GOCH is 99m² according to the EPC inspection conducted in May 2021. This puts it in the largest 50% 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 8 GARREG GOCH lies on this distribution: 59% of detached houses houses are smaller than 8 GARREG GOCH, and 41% of houses are larger. Note that EPC data is not available for all properties in Morfa Bychan.

8 GARREG GOCH: Plot and Title Map

8 GARREG GOCH sits on a plot of roughly 0.136 of an acre, or 552m². The below map shows the location of 8 GARREG GOCH, 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 8 GARREG GOCH). 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 8 GARREG GOCH?

8 GARREG GOCH is located in MORFA BYCHAN, in the LL49 postcode district. The below map shows the position of 8 GARREG GOCH in MORFA BYCHAN.