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House Prices in LL48

The average house price in LL48 (Penrhyndeudraeth) is £180,000 using HM Land Registry data.

The average property price increased by £66,432 (79.24%) over the last 5 years and increased by £13,281 (8.8%) over the last 12 months.

Over the last year, there were 17 residential property sales – a decrease of 13 transactions (-76.47%) relative to the previous year. The majority of house sales (7) were in the £90,000 - £152,000 range. Then came properties in the £152,000 - £214,000 range, where 7 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 110 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-1,500 (-1%).

In June 2024, there were 6 new estate agency instructions, 6 agreed home sales and 2 property price reductions.

5-Year Average Property Prices in LL48 (Penrhyndeudraeth)

79.24%

Property prices in Penrhyndeudraeth increased by 79.24% 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 LL48 (Penrhyndeudraeth) Over the Last Year

8.8%

Property prices in Penrhyndeudraeth increased by 8.8% 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 LL48 (Penrhyndeudraeth) - 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 LL48 (Penrhyndeudraeth)

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 LL48 (Penrhyndeudraeth)

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 LL48 (Penrhyndeudraeth)

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 LL48 (Penrhyndeudraeth) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LL48 postcode area since 1995.

Recent Sales in LL48 (Penrhyndeudraeth)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
27 Morfa Gaseg, Llanfrothen, Penrhyndeudraeth, Gwynedd, LL48 6BH	£235,000	£220,000	-£15,000	09 May 2023	18 Mar 2024	314 Days
17 Adwy Ddu Estate, Penrhyndeudraeth, Gwynedd, LL48 6AP	£130,000	£130,000	£00	03 May 2023	16 Oct 2023	166 Days
6 Bryn Islwyn, Penrhyndeudraeth, Gwynedd, LL48 6BB	£125,000	£125,000	£00	27 Oct 2022	28 Jul 2023	274 Days
2 Penlan Terrace, Penrhyndeudraeth, Gwynedd, LL48 6BY	£120,000	£120,000	£00	20 Jan 2023	14 Jun 2023	145 Days
2 Bwlch Goleu, Penrhyndeudraeth, Gwynedd, LL48 6DP	£160,000	£150,000	-£10,000	31 Aug 2022	26 May 2023	268 Days
9 Adwy Ddu Estate, Penrhyndeudraeth, Gwynedd, LL48 6AP	£160,000	£157,000	-£3,000	03 Feb 2023	26 May 2023	112 Days
16 Adwy Ddu Estate, Penrhyndeudraeth, Gwynedd, LL48 6AP	£120,000	£91,250	-£28,750	02 Sep 2022	07 Mar 2023	186 Days
301 Maes Y Garth, Minffordd, Penrhyndeudraeth, Gwynedd, LL48 6EE	£215,000	£212,500	-£2,500	21 Sep 2022	16 Dec 2022	86 Days
12 Church Street, Penrhyndeudraeth, Gwynedd, LL48 6AB	£140,000	£126,000	-£14,000	25 Mar 2022	14 Dec 2022	264 Days
16 Glanllyn, Penrhyndeudraeth, Gwynedd, LL48 6BS	£127,500	£124,500	-£3,000	04 Aug 2022	01 Dec 2022	119 Days
Brithdir, Minffordd Road, Penrhyndeudraeth, Gwynedd, LL48 6AU	£185,000	£185,000	£00	13 Jul 2022	24 Nov 2022	134 Days
2 Rock Terrace, Penrhyndeudraeth, Gwynedd, LL48 6DL	£140,000	£140,000	£00	04 Apr 2022	05 Aug 2022	123 Days
8 Morfa Gaseg, Llanfrothen, Penrhyndeudraeth, Gwynedd, LL48 6BH	£370,000	£370,000	£00	04 May 2022	25 Jul 2022	82 Days
Gwynfa, Minffordd Road, Penrhyndeudraeth, Gwynedd, LL48 6AU	£185,000	£170,000	-£15,000	02 Dec 2021	22 Apr 2022	141 Days
1 Castle Street, Penrhyndeudraeth, Gwynedd, LL48 6AL	£130,000	£130,000	£00	20 Aug 2021	08 Apr 2022	231 Days
5 Adwy Ddu, Penrhyndeudraeth, Gwynedd, LL48 6AP	£150,000	£140,000	-£10,000	02 Nov 2021	01 Apr 2022	150 Days
21 Morfa Gaseg, Llanfrothen, Penrhyndeudraeth, Gwynedd, LL48 6BH	£240,000	£235,000	-£5,000	02 Jul 2021	14 Feb 2022	227 Days
6 Bryn Llewelyn Estate, Penrhyndeudraeth, Gwynedd, LL48 6NE	£215,000	£215,000	£00	21 Jul 2021	14 Jan 2022	177 Days
2 Osmond Terrace, Penrhyndeudraeth, Gwynedd, LL48 6PA	£155,000	£150,000	-£5,000	02 Nov 2020	17 Dec 2021	410 Days
5 Cae Mawr, Penrhyndeudraeth, Gwynedd, LL48 6BG	£130,000	£124,000	-£6,000	28 Sep 2021	05 Nov 2021	38 Days

Most Expensive Streets in LL48 (Penrhyndeudraeth)

Postcode	Street	Area	Average	No. of Sales
LL48 6HP	Minffordd	Penrhyndeudraeth	£221,666	3
LL48 6BH	Morfa Gaseg, Llanfrothen	Penrhyndeudraeth	£219,071	7
LL48 6AL	Castle Street	Penrhyndeudraeth	£193,333	3
LL48 6RS	Penrhyndeudraeth, Gwynedd	Penrhyndeudraeth	£193,333	3
LL48 6AU	Minffordd Road	Penrhyndeudraeth	£185,125	4
LL48 6EE	Maes Y Garth, Minffordd	Penrhyndeudraeth	£178,937	8
LL48 6BA	Bryniau Hendre	Penrhyndeudraeth	£154,875	4
LL48 6BA	Bryniau Hendre	Penrhyndeudraeth	£154,875	4
LL48 6PA	Osmond Terrace	Penrhyndeudraeth	£149,250	4
LL48 6PA	Osmond Terrace	Penrhyndeudraeth	£149,250	4

Least Expensive Streets in LL48 (Penrhyndeudraeth)

Postcode	Street	Area	Average	No. of Sales
LL48 6RR	Rhiw Bethel	Penrhyndeudraeth	£69,000	3
LL48 6AE	School Street	Penrhyndeudraeth	£104,749	4
LL48 6BS	Glanllyn	Penrhyndeudraeth	£110,428	7
LL48 6AP	Adwy Ddu	Penrhyndeudraeth	£114,083	9
LL48 6LR	Griffin Terrace	Penrhyndeudraeth	£122,500	4
LL48 6AG	Church Place	Penrhyndeudraeth	£125,666	3
LL48 6BT	Penrhyndeudraeth, Gwynedd	Penrhyndeudraeth	£129,500	3
LL48 6BT	Penrhyndeudraeth, Gwynedd	Penrhyndeudraeth	£129,500	3
LL48 6HG	Minffordd	Penrhyndeudraeth	£146,666	3
LL48 6HG	Minffordd	Penrhyndeudraeth	£146,666	3