MORFA BYCHAN, GLAN Y MOR, FAIRBOURNE, LL38 2LQ - £244,000

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

MORFA BYCHAN is a very large extended detached house of 114m², built sometime between 1983 and 1990, which could now be worth an estimated £230,642. It was last sold for £244,000 in September 2023, which was around 24% below the average September 2023 detached price in the Gwynedd local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

MORFA BYCHAN Sold Prices

Land registry data shows two sales for MORFA BYCHAN 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 MORFA BYCHAN 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 18 SEP	£244,000	£319,011	24% below HPI
2019 1 FEB	£193,500	£233,725	17% below HPI

MORFA BYCHAN 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 MORFA BYCHAN sales from February 2019 and September 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 February 2019 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the September 2023 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might MORFA BYCHAN be worth now?

MORFA BYCHAN might now be worth an estimated £230,642.

This is based on house price deflation of 5.5%, between September 2023 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 5.5% deflationary decrease is applied to the most recent sale price for MORFA BYCHAN of £244,000 on 18th September 2023. For the value to have decreased from £244,000 to £230,642 over the two years and seven months to February 2025, the following assumptions must hold true:

• The value of MORFA BYCHAN has moved in line with the HPI for detached houses in the Gwynedd local authority area.
• The September 2023 sale price of £244,000 represented a fair market value for the property.
• The size, condition, and specification of MORFA BYCHAN has not materially changed since September 2023.

How Large is MORFA BYCHAN?

MORFA BYCHAN is 114m², which includes three extensions, according to the EPC inspection conducted in July 2014. 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 MORFA BYCHAN lies on this distribution: 86% of detached houses houses are smaller than MORFA BYCHAN, and 14% of houses are larger. Note that EPC data is not available for all properties in Fairbourne.

MORFA BYCHAN: Plot and Title Map

MORFA BYCHAN sits on a plot of roughly 0.133 of an acre, or 538m². The below map shows the location of MORFA BYCHAN, 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 MORFA BYCHAN). 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 MORFA BYCHAN?

MORFA BYCHAN is located on GLAN Y MOR in FAIRBOURNE, in the LL38 postcode district. The below map shows the position of MORFA BYCHAN on GLAN Y MOR.