16, GROSMONT CLOSE, MONMOUTH, NP25 5UF - £296,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 GROSMONT CLOSE is a small extended detached house of 98m², built sometime between 1996 and 2002, which could now be worth an estimated £297,259. It was last sold for £296,000 in October 2023, which was around 40% below the average October 2023 detached price in the Monmouthshire local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

16 GROSMONT CLOSE Sold Prices

Land registry data shows three sales for 16 GROSMONT CLOSE 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 16 GROSMONT CLOSE 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
2023 18 OCT	£296,000	£489,912	40% below HPI
2001 30 NOV	£69,950	£147,302	53% below HPI
2000 2 JUN	£33,000	£124,470	73% below HPI

16 GROSMONT CLOSE 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 16 GROSMONT CLOSE sales between June 2000 and October 2023 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 November 2001 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the October 2023 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 16 GROSMONT CLOSE be worth now?

16 GROSMONT CLOSE might now be worth an estimated £297,259.

This is based on house price inflation of 0.4%, between October 2023 and February 2025, for detached houses, in the Monmouthshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.4% inflationary increase is applied to the most recent sale price for 16 GROSMONT CLOSE of £296,000 on 18th October 2023. For the value to have increased from £296,000 to £297,259 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of 16 GROSMONT CLOSE has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The October 2023 sale price of £296,000 represented a fair market value for the property.
• The size, condition, and specification of 16 GROSMONT CLOSE has not materially changed since October 2023.

How Large is 16 GROSMONT CLOSE?

16 GROSMONT CLOSE is 98m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 30% of detached houses houses in Monmouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Monmouth, and where 16 GROSMONT CLOSE lies on this distribution: 25% of detached houses houses are smaller than 16 GROSMONT CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Monmouth.

16 GROSMONT CLOSE: Plot and Title Map

16 GROSMONT CLOSE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 16 GROSMONT CLOSE, 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 16 GROSMONT CLOSE). 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 16 GROSMONT CLOSE?

16 GROSMONT CLOSE is located in MONMOUTH, in the NP25 postcode district. The below map shows the position of No. 16 on GROSMONT CLOSE.