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House Prices in LL49

The average house price in LL49 (Porthmadog) is £240,000 using HM Land Registry data.

The average property price increased by £63,768 (4.77%) over the last 5 years and increased by £12,748 (0.84%) over the last 12 months.

Over the last year, there were 61 residential property sales – a decrease of 1 transactions (-1.64%) relative to the previous year. The majority of house sales (16) were in the £166,000 - £212,000 range. Then came properties in the £120,000 - £166,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 81 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,388 (-2%).

In June 2024, there were 12 new estate agency instructions, 9 agreed home sales and 8 property price reductions.

5-Year Average Property Prices in LL49 (Porthmadog)

4.77%

Property prices in Porthmadog increased by 4.77% 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 LL49 (Porthmadog) Over the Last Year

0.84%

Property prices in Porthmadog increased by 0.84% 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 LL49 (Porthmadog) - 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 LL49 (Porthmadog)

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 LL49 (Porthmadog)

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 LL49 (Porthmadog)

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 LL49 (Porthmadog) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LL49 postcode area since 1995.

Recent Sales in LL49 (Porthmadog)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
72 Chapel Street, Porthmadog, Gwynedd, LL49 9DN	£189,950	£175,000	-£14,950	27 Sep 2023	26 Apr 2024	212 Days
Flat 84, Glaslyn Bridge, High Street, Porthmadog, Gwynedd, LL49 9AE	£270,000	£242,500	-£27,500	12 Aug 2023	02 Apr 2024	234 Days
1 Cefn Y Gader, Morfa Bychan, Porthmadog, Gwynedd, LL49 9JA	£260,000	£240,000	-£20,000	04 Aug 2023	22 Mar 2024	231 Days
15 Garth Terrace, Porthmadog, Gwynedd, LL49 9BE	£175,000	£172,500	-£2,500	02 Nov 2023	19 Mar 2024	138 Days
25 Glanmorfa Terrace, Tremadog, Porthmadog, Gwynedd, LL49 9RW	£110,000	£110,000	£00	17 Jul 2023	15 Mar 2024	242 Days
1 Meadow Drive, Porthmadog, Gwynedd, LL49 9HU	£328,000	£300,000	-£28,000	06 Jun 2023	13 Mar 2024	281 Days
29 Awel Y Grug, Porthmadog, Gwynedd, LL49 9GA	£275,000	£255,000	-£20,000	18 Jul 2023	29 Feb 2024	226 Days
1 Osmond Terrace, Porthmadog, Gwynedd, LL49 9AN	£260,000	£225,000	-£35,000	23 Oct 2023	23 Feb 2024	123 Days
5d, South Snowdon Wharf, Porthmadog, Gwynedd, LL49 9ND	£130,000	£125,000	-£5,000	18 Aug 2023	19 Jan 2024	154 Days
Rockcliffe, Garth Road, Porthmadog, Gwynedd, LL49 9BN	£450,000	£445,000	-£5,000	22 Jul 2023	05 Jan 2024	167 Days
1 London Terrace, Prenteg, Porthmadog, Gwynedd, LL49 9SS	£125,000	£115,000	-£10,000	11 Jul 2023	21 Dec 2023	163 Days
3 London Terrace, Prenteg, Porthmadog, Gwynedd, LL49 9SS	£140,000	£137,500	-£2,500	31 Jul 2023	01 Dec 2023	123 Days
66 Maes Gerddi, Porthmadog, Gwynedd, LL49 9LE	£195,000	£191,500	-£3,500	12 Jul 2023	02 Nov 2023	113 Days
9 Osmond Lane, Porthmadog, Gwynedd, LL49 9AL	£78,000	£70,000	-£8,000	19 Aug 2023	27 Oct 2023	69 Days
Penllyn Cottage, Morfa Bychan Road, Porthmadog, Gwynedd, LL49 9UT	£549,995	£530,000	-£19,995	24 Mar 2023	26 Oct 2023	216 Days
44 Tan Y Foel, Borth Y Gest, Porthmadog, Gwynedd, LL49 9UE	£225,000	£215,000	-£10,000	07 Jul 2023	23 Oct 2023	108 Days
31a, South Snowdon Wharf, Porthmadog, Gwynedd, LL49 9ND	£170,000	£150,000	-£20,000	04 Oct 2022	26 Sep 2023	357 Days
33 Tan Y Foel, Borth Y Gest, Porthmadog, Gwynedd, LL49 9UE	£220,000	£215,000	-£5,000	14 Nov 2022	20 Sep 2023	310 Days
96 Cefn Y Gader, Morfa Bychan, Porthmadog, Gwynedd, LL49 9JA	£250,000	£240,000	-£10,000	18 Apr 2023	08 Sep 2023	143 Days
Bod Hyfryd, Dublin Street, Tremadog, Porthmadog, Gwynedd, LL49 9RH	£249,950	£235,000	-£14,950	19 Apr 2023	05 Sep 2023	139 Days

Most Expensive Streets in LL49 (Porthmadog)

Postcode	Street	Area	Average	No. of Sales
LL49 9TW	Borth Y Gest	Porthmadog	£571,666	3
LL49 9UF	Borth Y Gest	Porthmadog	£548,150	4
LL49 9UT	Morfa Bychan Road	Porthmadog	£468,333	3
LL49 9UU	Morfa Bychan	Porthmadog	£334,998	3
LL49 9YR	Y Ffridd, Morfa Bychan	Porthmadog	£283,750	12
LL49 9YD	Morfa Bychan	Porthmadog	£278,414	14
LL49 9UA	Ralph Street, Borth Y Gest	Porthmadog	£274,500	5
LL49 9HU	Meadow Drive	Porthmadog	£271,583	6
LL49 9UY	Morfa Bychan	Porthmadog	£254,642	7
LL49 9PF	Morfa Lodge Estate	Porthmadog	£250,833	6

Least Expensive Streets in LL49 (Porthmadog)

Postcode	Street	Area	Average	No. of Sales
LL49 9AL	Osmond Lane	Porthmadog	£77,333	3
LL49 9EB	Chandlers Place	Porthmadog	£84,666	3
LL49 9RY	Bryncir Terrace, Penmorfa	Porthmadog	£89,375	4
LL49 9SS	London Terrace, Prenteg	Porthmadog	£116,250	4
LL49 9DS	Chapel Street	Porthmadog	£127,214	7
LL49 9EN	East Avenue	Porthmadog	£134,500	3
LL49 9DN	Chapel Street	Porthmadog	£134,840	10
LL49 9BU	Madoc Street	Porthmadog	£143,269	13
LL49 9RW	Glanmorfa Terrace, Tremadog	Porthmadog	£145,050	5
LL49 9AR	Heol Y Parc	Porthmadog	£151,000	3