NEW LODGE, BONTNEWYDD, CAERNARFON, LL55 2UD - £217,500

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.

NEW LODGE is a small extended detached house of 96m², built sometime between 1900 and 1929, which could now be worth an estimated £260,673. It was last sold for £217,500 in August 2020, which was around 14% below the average August 2020 detached price in the Gwynedd local authority area. The most recent EPC inspection was March 2020, where the current energy rating was E, and the potential energy rating was B.

NEW LODGE Sold Prices

Land registry data shows two sales for NEW LODGE 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 NEW LODGE 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
2020 14 AUG	£217,500	£251,604	14% below HPI
2019 4 JUL	£189,950	£233,349	19% below HPI

NEW LODGE 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 NEW LODGE sales from July 2019 and August 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 July 2019 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2020 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might NEW LODGE be worth now?

NEW LODGE might now be worth an estimated £260,673.

This is based on house price inflation of 19.8%, between August 2020 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 19.8% inflationary increase is applied to the most recent sale price for NEW LODGE of £217,500 on 14th August 2020. For the value to have increased from £217,500 to £260,673 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of NEW LODGE has moved in line with the HPI for detached houses in the Gwynedd local authority area.
• The August 2020 sale price of £217,500 represented a fair market value for the property.
• The size, condition, and specification of NEW LODGE has not materially changed since August 2020.

How Large is NEW LODGE?

NEW LODGE is 96m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 40% of detached houses houses in Bontnewydd, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bontnewydd, and where NEW LODGE lies on this distribution: 31% of detached houses houses are smaller than NEW LODGE, and 60% of houses are larger. Note that EPC data is not available for all properties in Bontnewydd.

NEW LODGE: Plot and Title Map

NEW LODGE sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of NEW LODGE, 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 NEW LODGE). 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 NEW LODGE?

NEW LODGE is located in BONTNEWYDD, in the LL55 postcode district. The below map shows the position of NEW LODGE in BONTNEWYDD.