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House Prices in LL38

The average house price in LL38 (Fairbourne) is £160,000 using HM Land Registry data.

The average property price increased by £96,055 (28.21%) over the last 5 years and increased by £19,203 (4.19%) over the last 12 months.

Over the last year, there were 18 residential property sales – a decrease of 10 transactions (-55.56%) relative to the previous year. The majority of house sales (4) were in the £106,000 - £142,000 range. Then came properties in the £178,000 - £214,000 range, where 4 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,236 (-2%).

In June 2024, there were 5 new estate agency instructions, 1 agreed home sales and 5 property price reductions.

5-Year Average Property Prices in LL38 (Fairbourne)

28.21%

Property prices in Fairbourne increased by 28.21% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in LL38 (Fairbourne) Over the Last Year

4.19%

Property prices in Fairbourne increased by 4.19% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for LL38 (Fairbourne) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in LL38 (Fairbourne)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in LL38 (Fairbourne)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in LL38 (Fairbourne)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the LL38 (Fairbourne) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LL38 postcode area since 1995.

Recent Sales in LL38 (Fairbourne)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
61 Glan Y Mor, Fairbourne, Gwynedd, LL38 2LQ	£99,950	£99,950	£00	20 Sep 2023	15 May 2024	238 Days
13 Tremorfa Close, Fairbourne, Gwynedd, LL38 2PQ	£199,950	£180,000	-£19,950	03 Aug 2023	27 Feb 2024	208 Days
Tregaron, Llewelyn Drive, Fairbourne, Gwynedd, LL38 2DQ	£185,000	£140,000	-£45,000	13 Jul 2023	03 Feb 2024	205 Days
6 Heol Y Cader, Fairbourne, Gwynedd, LL38 2TZ	£225,000	£215,000	-£10,000	20 Feb 2022	15 Dec 2023	663 Days
42 Belgrave Road, Fairbourne, Gwynedd, LL38 2AZ	£145,000	£135,000	-£10,000	23 May 2023	03 Nov 2023	164 Days
Morfa Bychan, Glan Y Mor, Fairbourne, Gwynedd, LL38 2LQ	£249,500	£244,000	-£5,500	26 May 2023	18 Sep 2023	115 Days
4 Ffordd Corsen, Fairbourne, Gwynedd, LL38 2EZ	£195,000	£185,000	-£10,000	17 May 2023	08 Sep 2023	114 Days
23 Glan Y Mor, Fairbourne, Gwynedd, LL38 2BX	£89,995	£80,000	-£9,995	28 Apr 2023	24 Jul 2023	87 Days
30 Glan Y Mor, Fairbourne, Gwynedd, LL38 2BX	£118,000	£109,000	-£9,000	08 Nov 2022	24 Jul 2023	258 Days
Livingstone, Llewelyn Drive, Fairbourne, Gwynedd, LL38 2DQ	£169,950	£163,000	-£6,950	05 Dec 2022	10 Jul 2023	217 Days
3 Belgrave Road, Fairbourne, Gwynedd, LL38 2AX	£170,000	£170,000	£00	09 Mar 2023	07 Jul 2023	120 Days
19 Ffordd Corsen, Fairbourne, Gwynedd, LL38 2EZ	£225,000	£225,000	£00	06 Apr 2023	30 Jun 2023	85 Days
72 Belgrave Road, Fairbourne, Gwynedd, LL38 2BQ	£169,995	£165,000	-£4,995	21 Jul 2022	24 Feb 2023	218 Days
Beach Bungalow, Penrhyn Drive South, Fairbourne, Gwynedd, LL38 2DZ	£190,000	£185,000	-£5,000	25 Jun 2022	23 Jan 2023	212 Days
13 Heol Seithendre, Fairbourne, Gwynedd, LL38 2EY	£165,000	£165,000	£00	15 Nov 2022	21 Dec 2022	36 Days
78 Glan Y Mor, Fairbourne, Gwynedd, LL38 2LQ	£105,000	£95,000	-£10,000	19 May 2022	20 Dec 2022	215 Days
21 Belgrave Road, Fairbourne, Gwynedd, LL38 2AZ	£135,000	£120,000	-£15,000	09 Apr 2022	20 Dec 2022	255 Days
16 Ffordd Corsen, Fairbourne, Gwynedd, LL38 2EZ	£265,000	£250,000	-£15,000	28 Jul 2022	15 Dec 2022	140 Days
4 Heol Rowen, Fairbourne, Gwynedd, LL38 2UQ	£149,950	£145,000	-£4,950	20 Apr 2022	07 Dec 2022	231 Days
7 Ffordd Corsen, Fairbourne, Gwynedd, LL38 2EZ	£179,950	£160,000	-£19,950	05 May 2022	25 Nov 2022	204 Days

Most Expensive Streets in LL38 (Fairbourne)

Postcode	Street	Area	Average	No. of Sales
LL38 2DZ	Penrhyn Drive South	Fairbourne	£227,700	5
LL38 2EZ	Ffordd Corsen	Fairbourne	£196,785	7
LL38 2HJ	Fairbourne, Gwynedd	Fairbourne	£161,000	3
LL38 2TZ	Heol Y Cader	Fairbourne	£149,666	3
LL38 2DQ	Llewelyn Drive	Fairbourne	£140,333	3
LL38 2UQ	Heol Rowen	Fairbourne	£137,333	3
LL38 2UQ	Heol Rowen	Fairbourne	£137,333	3
LL38 2AX	Belgrave Road	Fairbourne	£136,899	5
LL38 2AX	Belgrave Road	Fairbourne	£136,899	5
LL38 2PQ	Tremorfa Close	Fairbourne	£125,300	5

Least Expensive Streets in LL38 (Fairbourne)

Postcode	Street	Area	Average	No. of Sales
LL38 2PX	Beach Road	Fairbourne	£75,983	3
LL38 2QY	Ffordd Meirion	Fairbourne	£95,333	3
LL38 2BX	Glan Y Mor	Fairbourne	£97,383	6
LL38 2LQ	Glan Y Mor	Fairbourne	£102,431	8
LL38 2EQ	Francis Avenue	Fairbourne	£110,400	5
LL38 2AZ	Belgrave Road	Fairbourne	£118,850	7
LL38 2AZ	Belgrave Road	Fairbourne	£118,850	7
LL38 2BQ	Belgrave Road	Fairbourne	£123,250	4
LL38 2BQ	Belgrave Road	Fairbourne	£123,250	4
LL38 2PQ	Tremorfa Close	Fairbourne	£125,300	5