TRAETH MEIRION, PENRHYN DRIVE SOUTH, FAIRBOURNE, LL38 2DZ - £185,000

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.

TRAETH MEIRION is a very large extended detached house of 132m², built sometime between 1900 and 1929, which could now be worth an estimated £239,148. It was last sold for £185,000 in January 2019, which was around 21% below the average January 2019 detached price in the Gwynedd local authority area. The most recent EPC inspection was January 2010, where the current energy rating was G, and the potential energy rating was F.

TRAETH MEIRION Sold Prices

Land registry data shows four sales for TRAETH MEIRION since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gwynedd local authority area for the corresponding sale date. Most of the four TRAETH MEIRION 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
2019 23 JAN	£185,000	£233,270	21% below HPI
2010 3 SEP	£230,000	£203,515	13% above HPI
2006 8 SEP	£189,000	£199,187	5% below HPI
1998 23 JAN	£60,000	£65,464	8% below HPI

TRAETH MEIRION 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 four TRAETH MEIRION sales between January 1998 and January 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 September 2010 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the January 2019 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might TRAETH MEIRION be worth now?

TRAETH MEIRION might now be worth an estimated £239,148.

This is based on house price inflation of 29.3%, between January 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 29.3% inflationary increase is applied to the most recent sale price for TRAETH MEIRION of £185,000 on 23rd January 2019. For the value to have increased from £185,000 to £239,148 over the five years and eleven months to February 2025, the following assumptions must hold true:

• The value of TRAETH MEIRION has moved in line with the HPI for detached houses in the Gwynedd local authority area.
• The January 2019 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of TRAETH MEIRION has not materially changed since January 2019.

How Large is TRAETH MEIRION?

TRAETH MEIRION is 132m², which includes two extensions, according to the EPC inspection conducted in January 2010. 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 TRAETH MEIRION lies on this distribution: 95% of detached houses houses are smaller than TRAETH MEIRION, and 5% of houses are larger. Note that EPC data is not available for all properties in Fairbourne.

TRAETH MEIRION: Plot and Title Map

TRAETH MEIRION sits on a plot of roughly 0.613 of an acre, or 2,480m². The below map shows the location of TRAETH MEIRION, 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 TRAETH MEIRION). 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 TRAETH MEIRION?

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