SEREN LAS, MORFA BYCHAN, PORTHMADOG, LL49 9YD - £285,000

SEREN LAS is a large detached house of 116m², built sometime between 1983 and 1990. It was last sold for £285,000 in August 2019, which was around 23% above the average August 2019 detached price in the Gwynedd local authority area. The most recent EPC inspection was July 2011, where the current energy rating was E, and the potential energy rating was E.

SEREN LAS Sold Prices

Land registry data shows three sales for SEREN LAS 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 SEREN LAS 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
2019 16 AUG	£285,000	£231,524	23% above HPI
2013 15 MAY	£249,950	£193,527	29% above HPI
1997 23 JUN	£125,000	£62,091	101% above HPI

SEREN LAS 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 SEREN LAS sales between June 1997 and August 2019 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 2013 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the August 2019 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is SEREN LAS?

SEREN LAS is 116m² according to the EPC inspection conducted in July 2011. This puts it in the largest 30% 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 SEREN LAS lies on this distribution: 70% of detached houses are smaller than SEREN LAS, and 30% of houses are larger. Note that EPC data is not available for all properties in Morfa Bychan.

SEREN LAS: Plot and Title Map

SEREN LAS sits on a plot of roughly 0.179 of an acre, or 724m². The below map shows the location of SEREN LAS, 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 SEREN LAS). 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 SEREN LAS?

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