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Porthmadog House Prices Porthmadog House Prices

The average house price in Porthmadog is £136,000 using HM Land Registry data.

The average property price increased by £72,285 (43.68%) over the last 5 years and increased by £14,447 (6.47%) over the last 12 months.

Over the last year, there were 39 residential property sales – a decrease of 6 transactions (-15.38%) relative to the previous year. The majority of house sales (15) were in the £188,000 - £232,000 range. Then came properties in the £144,000 - £188,000 range, where 6 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 £-4,388 (-2%).

In April 2024, there were 5 new estate agency instructions, 2 agreed home sales and 2 property price reductions.

Postcodes Covered: LL49

5-Year Average Property Prices in Porthmadog

43.68%

Property prices in Porthmadog increased by 43.68% 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 Porthmadog Over the Last Year

6.47%

Property prices in Porthmadog increased by 6.47% 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.

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).

Property Market Heat Gauge for Porthmadog - April 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 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 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 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 Porthmadog since 1995

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

Recent Property Sales in Porthmadog

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
15 Garth Terrace, Porthmadog, Gwynedd, LL49 9BE£175,000£172,500-£2,50002 Nov 202319 Mar 2024138 Days
29 Awel Y Grug, Porthmadog, Gwynedd, LL49 9GA£275,000£255,000-£20,00018 Jul 202329 Feb 2024226 Days
1 Osmond Terrace, Porthmadog, Gwynedd, LL49 9AN£260,000£225,000-£35,00023 Oct 202323 Feb 2024123 Days
5d, South Snowdon Wharf, Porthmadog, Gwynedd, LL49 9ND£130,000£125,000-£5,00018 Aug 202319 Jan 2024154 Days
Rockcliffe, Garth Road, Porthmadog, Gwynedd, LL49 9BN£450,000£445,000-£5,00022 Jul 202305 Jan 2024167 Days
66 Maes Gerddi, Porthmadog, Gwynedd, LL49 9LE£195,000£191,500-£3,50012 Jul 202302 Nov 2023113 Days
9 Osmond Lane, Porthmadog, Gwynedd, LL49 9AL£78,000£70,000-£8,00019 Aug 202327 Oct 202369 Days
44 Tan Y Foel, Borth Y Gest, Porthmadog, Gwynedd, LL49 9UE£225,000£215,000-£10,00007 Jul 202323 Oct 2023108 Days
31a, South Snowdon Wharf, Porthmadog, Gwynedd, LL49 9ND£170,000£150,000-£20,00004 Oct 202226 Sep 2023357 Days
33 Tan Y Foel, Borth Y Gest, Porthmadog, Gwynedd, LL49 9UE£220,000£215,000-£5,00014 Nov 202220 Sep 2023310 Days
10 Glyn Terrace, Borth Y Gest, Porthmadog, Gwynedd, LL49 9UD£225,000£215,000-£10,00027 Feb 202331 Aug 2023185 Days
21 Snowdon Street, Porthmadog, Gwynedd, LL49 9BT£215,000£210,000-£5,00020 Feb 202317 Aug 2023178 Days
11 Terrace Road, Porthmadog, Gwynedd, LL49 9BA£200,000£190,000-£10,00020 Jan 202317 Aug 2023209 Days
20 Tan Y Foel, Borth Y Gest, Porthmadog, Gwynedd, LL49 9UE£295,000£280,000-£15,00014 Apr 202310 Aug 2023118 Days
62 New Street, Porthmadog, Gwynedd, LL49 9EE£210,000£210,000£0024 Apr 202307 Aug 2023105 Days
5 Mersey Street, Borth-y-gest, Porthmadog, Gwynedd, LL49 9UB£195,000£175,000-£20,00018 Jan 202328 Jul 2023191 Days
Llwyn Helyg, Borth Road, Porthmadog, Gwynedd, LL49 9BB£295,000£295,000£0008 Feb 202313 Jun 2023125 Days
5 Morfa Lodge Estate, Porthmadog, Gwynedd, LL49 9PF£200,000£200,000£0016 Jan 202309 Jun 2023144 Days
34 New Street, Porthmadog, Gwynedd, LL49 9ED£215,000£207,500-£7,50004 Jan 202326 May 2023142 Days
2 Heol Y Parc, Porthmadog, Gwynedd, LL49 9AR£150,000£148,000-£2,00013 Jan 202319 May 2023126 Days

Most Expensive Streets in Porthmadog

PostcodeStreetAreaAverageNo. of Sales
LL49 9TWBorth Y GestPorthmadog£571,6663
LL49 9UFBorth Y GestPorthmadog£548,1504
LL49 9UARalph StreetBorth Y Gest£274,5005
LL49 9HUMeadow DrivePorthmadog£265,9005
LL49 9PFMorfa Lodge EstatePorthmadog£250,8336
LL49 9UBMersey StreetBorth-y-gest£237,3436
LL49 9TPBorth Y GestPorthmadog£235,3336
LL49 9BEGarth TerracePorthmadog£232,5836
LL49 9UETan Y FoelBorth Y Gest£216,13818
LL49 9AEGlaslyn BridgeHigh Street, Porthmadog£211,6005

Least Expensive Streets in Porthmadog

PostcodeStreetAreaAverageNo. of Sales
LL49 9ALOsmond LanePorthmadog£77,3333
LL49 9EBChandlers PlacePorthmadog£84,6663
LL49 9ENEast AvenuePorthmadog£126,6005
LL49 9DSChapel StreetPorthmadog£127,2147
LL49 9DNChapel StreetPorthmadog£130,3779
LL49 9BUMadoc StreetPorthmadog£141,90015
LL49 9ARHeol Y ParcPorthmadog£151,0003
LL49 9BATerrace RoadPorthmadog£151,8256
LL49 9AFDora StreetPorthmadog£153,6995
LL49 9AJThe OakeleysPorthmadog£154,0005

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