2, LANCASTER WAY, OSBASTON, MONMOUTH, NP25 3BE - £570,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 LANCASTER WAY is a large extended detached house of 157m², built sometime between 1983 and 1990, which could now be worth an estimated £569,706. It was last sold for £570,000 in July 2024, which was around 16% above the average July 2024 detached price in the Monmouthshire local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was C.

2 LANCASTER WAY Sold Prices

Land registry data shows two sales for 2 LANCASTER WAY since 1^st 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. Both of the two 2 LANCASTER WAY sales were 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
2024 31 JUL	£570,000	£492,250	16% above HPI
2003 5 SEP	£290,000	£205,854	41% above HPI

2 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 two 2 LANCASTER WAY sales from September 2003 and July 2024 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 September 2003 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the July 2024 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 2 LANCASTER WAY be worth now?

2 LANCASTER WAY might now be worth an estimated £569,706.

This is based on house price deflation of 0.1%, between July 2024 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 0.1% deflationary decrease is applied to the most recent sale price for 2 LANCASTER WAY of £570,000 on 31st July 2024. For the value to have decreased from £570,000 to £569,706 over the one year and five months to February 2025, the following assumptions must hold true:

• The value of 2 LANCASTER WAY has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The July 2024 sale price of £570,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LANCASTER WAY has not materially changed since July 2024.

How Large is 2 LANCASTER WAY?

2 LANCASTER WAY is 157m², which includes four extensions, according to the EPC inspection conducted in March 2024. This puts it in the largest 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 2 LANCASTER WAY lies on this distribution: 79% of detached houses houses are smaller than 2 LANCASTER WAY, and 20% of houses are larger. Note that EPC data is not available for all properties in Monmouth.

2 LANCASTER WAY: Plot and Title Map

2 LANCASTER WAY sits on a plot of roughly 0.171 of an acre, or 690m². The below map shows the location of 2 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 2 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 2 LANCASTER WAY?

2 LANCASTER WAY is located in OSBASTON, in the NP25 postcode district. The below map shows the position of No. 2 on LANCASTER WAY.