Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources
2 BAY TREE LANE is a large extended detached house of 145m², built sometime between 1996 and 2002. It was last sold for £252,000 in April 2017, which was around 25% below the average April 2017 detached price in the Monmouthshire local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.
Land registry data shows two sales for 2 BAY TREE LANE since 1st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. One of the two 2 BAY TREE LANE sales was for below the average price, whilst the other was for above 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 |
---|---|---|---|
2017 7 APR | £252,000 | £333,869 | 25% below HPI |
2002 19 APR | £159,950 | £157,868 | 1% above HPI |
The below graph shows the average detached house price in the Monmouthshire local authority area over time, sourced from the HPI. The two 2 BAY TREE LANE sales from April 2002 and April 2017 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 April 2002 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the April 2017 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.
2 BAY TREE LANE is 145m², which includes two extensions, according to the EPC inspection conducted in April 2016. This puts it in the largest 30% of detached houses in Abergavenny, based on EPC data. The below chart shows the distribution of detached houses by size in Abergavenny, and where 2 BAY TREE LANE lies on this distribution: 75% of detached houses are smaller than 2 BAY TREE LANE, and 24% of houses are larger. Note that EPC data is not available for all properties in Abergavenny.
2 BAY TREE LANE sits on a plot of roughly 0.051 of an acre, or 208m². The below map shows the location of 2 BAY TREE LANE, 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 2 BAY TREE LANE). 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.
2 BAY TREE LANE is located in ABERGAVENNY, in the NP7 postcode district. The below map shows the position of No. 2 on BAY TREE LANE.