HAFAN, MORFA BYCHAN, PORTHMADOG, LL49 9UY - £171,000

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.

HAFAN is a small extended detached house of 76m², built sometime between 1930 and 1949, which could now be worth an estimated £235,821. It was last sold for £171,000 in July 2015, which was around 22% below the average July 2015 detached price in the Gwynedd local authority area. The most recent EPC inspection was November 2013, where the current energy rating was F, and the potential energy rating was C.

HAFAN Sold Prices

Land registry data shows two sales for HAFAN 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. Both of the two HAFAN 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
2015 17 JUL	£171,000	£218,659	22% below HPI
2007 24 JAN	£180,000	£208,823	14% below HPI

HAFAN 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 HAFAN sales from January 2007 and July 2015 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 January 2007 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the July 2015 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might HAFAN be worth now?

HAFAN might now be worth an estimated £235,821.

This is based on house price inflation of 37.9%, between July 2015 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 37.9% inflationary increase is applied to the most recent sale price for HAFAN of £171,000 on 17th July 2015. For the value to have increased from £171,000 to £235,821 over the ten years and five months to February 2025, the following assumptions must hold true:

• The value of HAFAN has moved in line with the HPI for detached houses in the Gwynedd local authority area.
• The July 2015 sale price of £171,000 represented a fair market value for the property.
• The size, condition, and specification of HAFAN has not materially changed since July 2015.

How Large is HAFAN?

HAFAN is 76m², which includes one extension, according to the EPC inspection conducted in November 2013. This puts it in the smallest 30% 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 HAFAN lies on this distribution: 29% of detached houses houses are smaller than HAFAN, and 69% of houses are larger. Note that EPC data is not available for all properties in Morfa Bychan.

HAFAN: Plot and Title Map

HAFAN sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of HAFAN, 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 HAFAN). 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 HAFAN?

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