LON, PENNANT, LLANON, SY23 5PA - £210,000

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

LON is a very small extended detached house of 78m², built sometime before 1900. It was last sold for £210,000 in October 2023, which was around 36% below the average October 2023 detached price in the Ceredigion local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

LON Sold Prices

Land registry data shows three sales for LON since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ceredigion local authority area for the corresponding sale date. All of the three LON 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
2023 2 OCT	£210,000	£326,224	36% below HPI
2015 30 OCT	£107,000	£218,235	51% below HPI
2007 22 JAN	£125,000	£222,955	44% below HPI

LON Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ceredigion local authority area over time, sourced from the HPI. The three LON sales between January 2007 and October 2023 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 2015 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the October 2023 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is LON?

LON is 78m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% of detached houses in Pennant, based on EPC data. The below chart shows the distribution of detached houses by size in Pennant, and where LON lies on this distribution: 6% of detached houses are smaller than LON, and 94% of houses are larger. Note that EPC data is not available for all properties in Pennant.

LON: Plot and Title Map

LON sits on a plot of roughly 0.037 of an acre, or 150m². The below map shows the location of LON, 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 LON). 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 LON?

LON is located in PENNANT, in the SY23 postcode district. The below map shows the position of LON in PENNANT.