£333,002
This estimated value is based upon the latest sale price for the house of £108,000 on 18 Jan 2002. This value is then adjusted by the current Official House Price Index for CARMARTHENSHIRE 1
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| Price Paid | Date |
|---|---|
| £108,000 | 18 Jan 2002 |
| Detached |
| Freehold |
| Floor Area: 143 sq meters or 1,539 sq feet |
This model uses changes in the Official Land Registry House Price Index for CARMARTHENSHIRE to estimate the market value.
When this house was purchased in January 2002 the House Price Index for CARMARTHENSHIRE was 47.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 208.336%.Applying this 208.336% change to the original purchase price of £108,000 results in an estimated price of approximately £333,002.
| 18 Jan 2002 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 47.6 | 146.7 | 208.336 % | £108,000 | £225,002 | £333,002 |
The Postcode Pricing Model uses changes in average sales price within the SA31 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 465.001 % | £502,200 | £610,200 |
| 3 Month Average | 172.641 % | £186,452 | £294,452 |
| 6 Month Average | 188.182 % | £203,236 | £311,236 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £107,879 | £106,500 | 66 WATER STREET |
| 21 Jul 2023 | £141,910 | £140,000 | 67 LAMMAS STREET |
| 30 Jun 2023 | £126,533 | £125,000 | 27 ST DAVIDS STREET |
| 15 Dec 2021 | £111,423 | £104,000 | 30 PARCMAEN STREET |
| 29 Nov 2021 | £156,820 | £145,000 | 28 ST DAVIDS STREET |
This house has a floor area of 143 sq meters or 1,539 sq feet when measured on 12 Dec 2015. Using an estimated price of £337,316 means this house is valued at £2,358 per sq meter (£219 per sq foot).
The average size of a house on MORFA LANE is 143 sq meters (1,545 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Local resolution | On or near Supermarket |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Police Station |