2, LILAC DRIVE, MONMOUTH, NP25 5DY - £520,000

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

2 LILAC DRIVE is a very large extended detached house of 161m², built sometime between 2003 and 2006. It was last sold for £520,000 in February 2023, which was around 8% above the average February 2023 detached price in the Monmouthshire local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

2 LILAC DRIVE Sold Prices

Land registry data shows three sales for 2 LILAC DRIVE 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 2 LILAC DRIVE 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
2023 16 FEB	£520,000	£481,935	8% above HPI
2011 12 AUG	£285,000	£277,757	3% above HPI
2005 18 MAR	£262,000	£256,335	2% above HPI

2 LILAC DRIVE 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 2 LILAC DRIVE sales between March 2005 and February 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 August 2011 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the February 2023 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 2 LILAC DRIVE?

2 LILAC DRIVE is 161m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 20% of detached houses in Monmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Monmouth, and where 2 LILAC DRIVE lies on this distribution: 81% of detached houses are smaller than 2 LILAC DRIVE, and 18% of houses are larger. Note that EPC data is not available for all properties in Monmouth.

2 LILAC DRIVE: Plot and Title Map

2 LILAC DRIVE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 2 LILAC DRIVE, 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 LILAC DRIVE). 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 LILAC DRIVE?

2 LILAC DRIVE is located in MONMOUTH, in the NP25 postcode district. The below map shows the position of No. 2 on LILAC DRIVE.