PARADWYS, UPPER MORANNEDD, CRICCIETH, LL52 0PP - £590,000

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

PARADWYS is a large extended detached house of 171m², built sometime between 1967 and 1975, which could now be worth an estimated £588,515. It was last sold for £590,000 in November 2024, which was around 99% above the average November 2024 detached price in the Gwynedd local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was B.

PARADWYS Sold Prices

Land registry data shows three sales for PARADWYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gwynedd local authority area for the corresponding sale date. All of the three PARADWYS sales were 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
2024 27 NOV	£590,000	£296,819	99% above HPI
2014 22 APR	£370,000	£204,940	81% above HPI
2007 29 JUN	£291,000	£219,642	32% above HPI

PARADWYS 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 three PARADWYS sales between June 2007 and November 2024 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 April 2014 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the November 2024 sale, where it rises to 99% above the HPI. The line then continues to track at 99% above the HPI.

What might PARADWYS be worth now?

PARADWYS might now be worth an estimated £588,515.

This is based on house price deflation of 0.3%, between November 2024 and December 2024, 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 0.3% deflationary decrease is applied to the most recent sale price for PARADWYS of £590,000 on 27th November 2024. For the value to have decreased from £590,000 to £588,515 over the eleven months to December 2024, the following assumptions must hold true:

• The value of PARADWYS has moved in line with the HPI for detached houses in the Gwynedd local authority area.
• The November 2024 sale price of £590,000 represented a fair market value for the property.
• The size, condition, and specification of PARADWYS has not materially changed since November 2024.

How Large is PARADWYS?

PARADWYS is 171m², which includes one extension, according to the EPC inspection conducted in February 2024. This puts it in the largest 30% of detached houses houses in Criccieth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Criccieth, and where PARADWYS lies on this distribution: 76% of detached houses houses are smaller than PARADWYS, and 23% of houses are larger. Note that EPC data is not available for all properties in Criccieth.

PARADWYS: Plot and Title Map

PARADWYS sits on a plot of roughly 0.173 of an acre, or 702m². The below map shows the location of PARADWYS, 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 PARADWYS). 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 PARADWYS?

PARADWYS is located on UPPER MORANNEDD in CRICCIETH, in the LL52 postcode district. The below map shows the position of PARADWYS on UPPER MORANNEDD.