15, LANCASTER WAY, OSBASTON, MONMOUTH, NP25 3BE - £300,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

15 LANCASTER WAY is a midsized extended detached house of 111m², built sometime between 1983 and 1990. It was last sold for £300,000 in February 2021, which was around 28% below the average February 2021 detached price in the Monmouthshire local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

15 LANCASTER WAY Sold Prices

Land registry data shows three sales for 15 LANCASTER WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. All of the three 15 LANCASTER WAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 1 FEB	£300,000	£418,138	28% below HPI
1998 30 OCT	£104,500	£110,832	6% below HPI
1996 26 APR	£85,000	£88,160	4% below HPI

15 LANCASTER WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Monmouthshire local authority area over time, sourced from the HPI. The three 15 LANCASTER WAY sales between April 1996 and February 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 1998 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2021 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 15 LANCASTER WAY?

15 LANCASTER WAY is 111m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the smallest 50% of detached houses in Monmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Monmouth, and where 15 LANCASTER WAY lies on this distribution: 41% of detached houses are smaller than 15 LANCASTER WAY, and 58% of houses are larger. Note that EPC data is not available for all properties in Monmouth.

15 LANCASTER WAY: Plot and Title Map

15 LANCASTER WAY sits on a plot of roughly 0.118 of an acre, or 478m². The below map shows the location of 15 LANCASTER WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 15 LANCASTER WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 15 LANCASTER WAY?

15 LANCASTER WAY is located in OSBASTON, in the NP25 postcode district. The below map shows the position of No. 15 on LANCASTER WAY.