TY PEN, LON LAS, MORFA NEFYN, PWLLHELI, LL53 6BG - £525,000

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

TY PEN is a very large detached house of 205m², built sometime between 1950 and 1966. It was last sold for £525,000 in December 2019, which was around 118% above the average December 2019 detached price in the Gwynedd local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

TY PEN Sold Prices

Land registry data shows two sales for TY PEN 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 TY PEN sales was for above the average price, whilst the other was 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 19 DEC	£525,000	£241,275	118% above HPI
2005 4 OCT	£172,500	£189,460	9% below HPI

TY PEN 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 TY PEN sales from October 2005 and December 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 October 2005 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2019 sale, where it rises to 118% above the HPI. The line then continues to track at 118% above the HPI.

How Large is TY PEN?

TY PEN is 205m² according to the EPC inspection conducted in February 2023. This puts it in the largest 10% of detached houses in Morfa Nefyn, based on EPC data. The below chart shows the distribution of detached houses by size in Morfa Nefyn, and where TY PEN lies on this distribution: 92% of detached houses are smaller than TY PEN, and 8% of houses are larger. Note that EPC data is not available for all properties in Morfa Nefyn.

TY PEN: Plot and Title Map

TY PEN sits on a plot of roughly 0.135 of an acre, or 546m². The below map shows the location of TY PEN, 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 TY PEN). 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 TY PEN?

TY PEN is located on LON LAS in MORFA NEFYN, in the LL53 postcode district. The below map shows the position of TY PEN on LON LAS.