GORIC, KINMEL WAY, TOWYN, ABERGELE, LL22 9NE - £167,500

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

GORIC is a large detached house of 94m², built sometime between 1976 and 1982. It was last sold for £167,500 in September 2018, which was around 25% below the average September 2018 detached price in the Conwy local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

GORIC Sold Prices

Land registry data shows three sales for GORIC since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Conwy local authority area for the corresponding sale date. All of the three GORIC 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
2018 19 SEP	£167,500	£223,269	25% below HPI
2001 25 OCT	£85,000	£94,789	10% below HPI
1997 7 MAY	£62,000	£66,666	7% below HPI

GORIC Price Paid vs. HPI Average

The below graph shows the average detached house price in the Conwy local authority area over time, sourced from the HPI. The three GORIC sales between May 1997 and September 2018 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 October 2001 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2018 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is GORIC?

GORIC is 94m² according to the EPC inspection conducted in March 2013. This puts it in the largest 40% of detached houses in Towyn, based on EPC data. The below chart shows the distribution of detached houses by size in Towyn, and where GORIC lies on this distribution: 60% of detached houses are smaller than GORIC, and 39% of houses are larger. Note that EPC data is not available for all properties in Towyn.

GORIC: Plot and Title Map

GORIC sits on a plot of roughly 0.155 of an acre, or 626m². The below map shows the location of GORIC, 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 GORIC). 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 GORIC?

GORIC is located on KINMEL WAY in TOWYN, in the LL22 postcode district. The below map shows the position of GORIC on KINMEL WAY.