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

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

SEREN LAS is a large detached house of 116m², built sometime between 1983 and 1990, which could now be worth an estimated £362,663. It was last sold for £285,000 in August 2019, which was around 20% 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	£236,971	20% above HPI
2013 15 MAY	£249,950	£198,080	26% above HPI
1997 23 JUN	£125,000	£63,552	97% 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 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the August 2019 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might SEREN LAS be worth now?

SEREN LAS might now be worth an estimated £362,663.

This is based on house price inflation of 27.3%, between August 2019 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 27.3% inflationary increase is applied to the most recent sale price for SEREN LAS of £285,000 on 16th August 2019. For the value to have increased from £285,000 to £362,663 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of SEREN LAS has moved in line with the HPI for detached houses in the Gwynedd local authority area.
• The August 2019 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of SEREN LAS has not materially changed since August 2019.

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 houses in Morfa Bychan, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morfa Bychan, and where SEREN LAS lies on this distribution: 71% of detached houses houses are smaller than SEREN LAS, and 29% 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.