SALONIQUE, PENRHYN DRIVE SOUTH, FAIRBOURNE, LL38 2DZ - £100,000

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.

SALONIQUE is a very large extended detached house of 125m², built sometime between 1900 and 1929, which could now be worth an estimated £153,918. It was last sold for £100,000 in February 2013, which was around 49% below the average February 2013 detached price in the Gwynedd local authority area. The most recent EPC inspection was August 2012, where the current energy rating was F, and the potential energy rating was C.

SALONIQUE Sold Prices

Land registry data shows two sales for SALONIQUE 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. One of the two SALONIQUE sales was for below the average price, whilst the other was 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
2013 18 FEB	£100,000	£195,914	49% below HPI
1995 17 JAN	£74,000	£59,936	23% above HPI

SALONIQUE 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 SALONIQUE sales from January 1995 and February 2013 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 January 1995 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the February 2013 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

What might SALONIQUE be worth now?

SALONIQUE might now be worth an estimated £153,918.

This is based on house price inflation of 53.9%, between February 2013 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 53.9% inflationary increase is applied to the most recent sale price for SALONIQUE of £100,000 on 18th February 2013. For the value to have increased from £100,000 to £153,918 over the twelve years to February 2025, the following assumptions must hold true:

• The value of SALONIQUE has moved in line with the HPI for detached houses in the Gwynedd local authority area.
• The February 2013 sale price of £100,000 represented a fair market value for the property.
• The size, condition, and specification of SALONIQUE has not materially changed since February 2013.

How Large is SALONIQUE?

SALONIQUE is 125m², which includes three extensions, according to the EPC inspection conducted in August 2012. This puts it in the largest 10% of detached houses houses in Fairbourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fairbourne, and where SALONIQUE lies on this distribution: 92% of detached houses houses are smaller than SALONIQUE, and 8% of houses are larger. Note that EPC data is not available for all properties in Fairbourne.

SALONIQUE: Plot and Title Map

SALONIQUE sits on a plot of roughly 0.227 of an acre, or 918m². The below map shows the location of SALONIQUE, 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 SALONIQUE). 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 SALONIQUE?

SALONIQUE is located on PENRHYN DRIVE SOUTH in FAIRBOURNE, in the LL38 postcode district. The below map shows the position of SALONIQUE on PENRHYN DRIVE SOUTH.