FARCROFT, PENRHYN DRIVE SOUTH, FAIRBOURNE, LL38 2DZ - £250,000

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.

FARCROFT is a very large extended detached house of 116m², built sometime between 1967 and 1975, which could now be worth an estimated £249,831. It was last sold for £250,000 in February 2022, which was around 17% below the average February 2022 detached price in the Gwynedd local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

FARCROFT Sold Prices

Land registry data shows two sales for FARCROFT 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 FARCROFT sales was for below the average price, whilst the other was 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
2022 10 FEB	£250,000	£301,750	17% below HPI
2004 14 DEC	£210,000	£188,360	11% above HPI

FARCROFT 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 FARCROFT sales from December 2004 and February 2022 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 December 2004 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the February 2022 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might FARCROFT be worth now?

FARCROFT might now be worth an estimated £249,831.

This is based on house price deflation of 0.1%, between February 2022 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 0.1% deflationary decrease is applied to the most recent sale price for FARCROFT of £250,000 on 10th February 2022. For the value to have decreased from £250,000 to £249,831 over the three years to February 2025, the following assumptions must hold true:

• The value of FARCROFT has moved in line with the HPI for detached houses in the Gwynedd local authority area.
• The February 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of FARCROFT has not materially changed since February 2022.

How Large is FARCROFT?

FARCROFT is 116m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the largest 20% of detached houses houses in Fairbourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fairbourne, and where FARCROFT lies on this distribution: 87% of detached houses houses are smaller than FARCROFT, and 13% of houses are larger. Note that EPC data is not available for all properties in Fairbourne.

FARCROFT: Plot and Title Map

FARCROFT sits on a plot of roughly 0.139 of an acre, or 563m². The below map shows the location of FARCROFT, 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 FARCROFT). 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 FARCROFT?

FARCROFT is located on PENRHYN DRIVE SOUTH in FAIRBOURNE, in the LL38 postcode district. The below map shows the position of FARCROFT on PENRHYN DRIVE SOUTH.