PERTHI, MORFA BYCHAN, PORTHMADOG, LL49 9YD - £245,000

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

PERTHI is a midsized extended detached house of 80m², built sometime between 1930 and 1949. It was last sold for £245,000 in October 2021, which was around 11% below the average October 2021 detached price in the Gwynedd local authority area. The most recent EPC inspection was July 2010, where the current energy rating was E, and the potential energy rating was D.

PERTHI Sold Prices

Land registry data shows three sales for PERTHI 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 PERTHI 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
2021 25 OCT	£245,000	£276,431	11% below HPI
2015 14 AUG	£169,000	£215,216	21% below HPI
2005 27 JUL	£175,000	£188,654	7% below HPI

PERTHI 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 PERTHI sales between July 2005 and October 2021 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 August 2015 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is PERTHI?

PERTHI is 80m², which includes one extension, according to the EPC inspection conducted in July 2010. This puts it in the smallest 50% of detached houses in Morfa Bychan, based on EPC data. The below chart shows the distribution of detached houses by size in Morfa Bychan, and where PERTHI lies on this distribution: 42% of detached houses are smaller than PERTHI, and 58% of houses are larger. Note that EPC data is not available for all properties in Morfa Bychan.

PERTHI: Plot and Title Map

PERTHI sits on a plot of roughly 0.131 of an acre, or 532m². The below map shows the location of PERTHI, 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 PERTHI). 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 PERTHI?

PERTHI is located in MORFA BYCHAN, in the LL49 postcode district. The below map shows the position of PERTHI in MORFA BYCHAN.