MORAWEL, PWLLHOBI, LLANBADARN FAWR, ABERYSTWYTH, SY23 3SR - £185,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MORAWEL is a very small extended detached house of 80m², built sometime between 1900 and 1929, which could now be worth an estimated £207,125. It was last sold for £185,000 in November 2020, which was around 29% below the average November 2020 detached price in the Ceredigion local authority area. The most recent EPC inspection was March 2011, where the current energy rating was E, and the potential energy rating was E.

MORAWEL Sold Prices

Land registry data shows three sales for MORAWEL 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. Two of the three MORAWEL sales were for below the average price, whilst one 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
2020 6 NOV	£185,000	£262,079	29% below HPI
2017 27 OCT	£150,000	£239,731	37% below HPI
2009 24 APR	£266,500	£193,508	38% above HPI

MORAWEL 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 MORAWEL sales between April 2009 and November 2020 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 2017 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the November 2020 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might MORAWEL be worth now?

MORAWEL might now be worth an estimated £207,125.

This is based on house price inflation of 12%, between November 2020 and February 2025, for detached houses, in the Ceredigion local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12% inflationary increase is applied to the most recent sale price for MORAWEL of £185,000 on 6th November 2020. For the value to have increased from £185,000 to £207,125 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of MORAWEL has moved in line with the HPI for detached houses in the Ceredigion local authority area.
• The November 2020 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of MORAWEL has not materially changed since November 2020.

How Large is MORAWEL?

MORAWEL is 80m², which includes one extension, according to the EPC inspection conducted in March 2011. This puts it in the smallest 20% of detached houses houses in Llanbadarn Fawr, based on EPC data. The below chart shows the distribution of detached houses houses by size in Llanbadarn Fawr, and where MORAWEL lies on this distribution: 11% of detached houses houses are smaller than MORAWEL, and 89% of houses are larger. Note that EPC data is not available for all properties in Llanbadarn Fawr.

MORAWEL: Plot and Title Map

MORAWEL sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of MORAWEL, 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 MORAWEL). 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 MORAWEL?

MORAWEL is located on PWLLHOBI in LLANBADARN FAWR, in the SY23 postcode district. The below map shows the position of MORAWEL on PWLLHOBI.