2, SCHOOL LANE, GOVILON, ABERGAVENNY, NP7 9RH - £191,500

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.

2 SCHOOL LANE is a very small detached house of 62m², built sometime between 1967 and 1975, which could now be worth an estimated £320,407. It was last sold for £191,500 in March 2015, which was around 35% below the average March 2015 detached price in the Monmouthshire local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

2 SCHOOL LANE Sold Prices

Land registry data shows two sales for 2 SCHOOL LANE 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 SCHOOL LANE 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
2015 20 MAR	£191,500	£294,055	35% below HPI
1997 15 DEC	£51,000	£101,295	50% below HPI

2 SCHOOL LANE 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 SCHOOL LANE sales from December 1997 and March 2015 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 December 1997 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the March 2015 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 2 SCHOOL LANE be worth now?

2 SCHOOL LANE might now be worth an estimated £320,407.

This is based on house price inflation of 67.3%, between March 2015 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 67.3% inflationary increase is applied to the most recent sale price for 2 SCHOOL LANE of £191,500 on 20th March 2015. For the value to have increased from £191,500 to £320,407 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of 2 SCHOOL LANE has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The March 2015 sale price of £191,500 represented a fair market value for the property.
• The size, condition, and specification of 2 SCHOOL LANE has not materially changed since March 2015.

How Large is 2 SCHOOL LANE?

2 SCHOOL LANE is 62m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 10% of detached houses houses in Govilon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Govilon, and where 2 SCHOOL LANE lies on this distribution: Less than 1% of detached houses houses are smaller than 2 SCHOOL LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Govilon.

2 SCHOOL LANE: Plot and Title Map

2 SCHOOL LANE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 2 SCHOOL 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 SCHOOL 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.

Where is 2 SCHOOL LANE?

2 SCHOOL LANE is located in GOVILON, in the NP7 postcode district. The below map shows the position of No. 2 on SCHOOL LANE.