PENCARREG, SOUTH ROAD, ABERAERON, SA46 0DP - £500,000

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.

PENCARREG is a small detached house of 107m², built sometime between 1976 and 1982, which could now be worth an estimated £469,895. It was last sold for £500,000 in July 2022, which was around 60% above the average July 2022 detached price in the Ceredigion local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

PENCARREG Sold Prices

Land registry data shows two sales for PENCARREG since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ceredigion local authority area for the corresponding sale date. Both of the two PENCARREG 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
2022 15 JUL	£500,000	£312,221	60% above HPI
2002 12 MAR	£153,000	£95,433	60% above HPI

PENCARREG 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 two PENCARREG sales from March 2002 and July 2022 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 March 2002 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the July 2022 sale, which was also at 60% above the HPI.

What might PENCARREG be worth now?

PENCARREG might now be worth an estimated £469,895.

This is based on house price deflation of 6%, between July 2022 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 6% deflationary decrease is applied to the most recent sale price for PENCARREG of £500,000 on 15th July 2022. For the value to have decreased from £500,000 to £469,895 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of PENCARREG has moved in line with the HPI for detached houses in the Ceredigion local authority area.
• The July 2022 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of PENCARREG has not materially changed since July 2022.

How Large is PENCARREG?

PENCARREG is 107m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 40% of detached houses houses in Aberaeron, based on EPC data. The below chart shows the distribution of detached houses houses by size in Aberaeron, and where PENCARREG lies on this distribution: 39% of detached houses houses are smaller than PENCARREG, and 61% of houses are larger. Note that EPC data is not available for all properties in Aberaeron.

PENCARREG: Plot and Title Map

PENCARREG sits on a plot of roughly 0.123 of an acre, or 496m². The below map shows the location of PENCARREG, 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 PENCARREG). 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 PENCARREG?

PENCARREG is located on SOUTH ROAD in ABERAERON, in the SA46 postcode district. The below map shows the position of PENCARREG on SOUTH ROAD.