OLGRA, VICTORIA STREET, BANGOR, LL57 2HD - £70,000

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

OLGRA is a very small detached house of 44m², built sometime before 1900. It was last sold for £70,000 in December 2020, which was around 73% below the average December 2020 detached price in the Gwynedd local authority area. The most recent EPC inspection was September 2021, where the current energy rating was E, and the potential energy rating was B.

OLGRA Sold Prices

Land registry data shows two sales for OLGRA 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 OLGRA 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 18 DEC	£70,000	£259,623	73% below HPI
2017 23 MAY	£55,000	£217,038	75% below HPI

OLGRA 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 OLGRA sales from May 2017 and December 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 May 2017 sale was for 75% below the HPI. So the extrapolation line tracks at 75% below the HPI over time, until the December 2020 sale, where it rises to 73% below the HPI. The line then continues to track at 73% below the HPI.

How Large is OLGRA?

OLGRA is 44m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 10% of detached houses in Bangor, based on EPC data. The below chart shows the distribution of detached houses by size in Bangor, and where OLGRA lies on this distribution: Less than 1% of detached houses are smaller than OLGRA, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Bangor.

OLGRA: Plot and Title Map

OLGRA sits on a plot of roughly 0.008 of an acre, or 33m². The below map shows the location of OLGRA, 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 OLGRA). 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 OLGRA?

OLGRA is located on VICTORIA STREET in BANGOR, in the LL57 postcode district. The below map shows the position of OLGRA on VICTORIA STREET.