BANKFIELDS, LARKMOUNT ROAD, RHYL, LL18 4DH - £125,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

BANKFIELDS is a very small detached house of 44m², built sometime between 1930 and 1949. It was last sold for £125,000 in March 2024, which was around 50% below the average March 2024 detached price in the Denbighshire local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was B.

BANKFIELDS Sold Prices

Land registry data shows three sales for BANKFIELDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Denbighshire local authority area for the corresponding sale date. All of the three BANKFIELDS 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
2024 8 MAR	£125,000	£247,906	50% below HPI
2017 12 JUN	£93,000	£183,037	49% below HPI
2013 19 APR	£85,000	£157,407	46% below HPI

BANKFIELDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Denbighshire local authority area over time, sourced from the HPI. The three BANKFIELDS sales between April 2013 and March 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 June 2017 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the March 2024 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is BANKFIELDS?

BANKFIELDS is 44m² according to the EPC inspection conducted in August 2023. This puts it in the smallest 10% of detached houses in Rhyl, based on EPC data. The below chart shows the distribution of detached houses by size in Rhyl, and where BANKFIELDS lies on this distribution: 1% of detached houses are smaller than BANKFIELDS, and 99% of houses are larger. Note that EPC data is not available for all properties in Rhyl.

BANKFIELDS: Plot and Title Map

BANKFIELDS sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of BANKFIELDS, 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 BANKFIELDS). 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 BANKFIELDS?

BANKFIELDS is located on LARKMOUNT ROAD in RHYL, in the LL18 postcode district. The below map shows the position of BANKFIELDS on LARKMOUNT ROAD.