2, THE GARDENS, MONMOUTH, NP25 3HF - £425,000

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 THE GARDENS is a very small detached house of 61m², built sometime between 1950 and 1966. It was last sold for £425,000 in October 2023, which was around 13% below the average October 2023 detached price in the Monmouthshire local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

2 THE GARDENS Sold Prices

Land registry data shows three sales for 2 THE GARDENS 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 THE GARDENS 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 6 OCT	£425,000	£490,291	13% below HPI
2014 2 SEP	£225,000	£297,309	24% below HPI
2005 7 MAR	£210,000	£256,335	18% below HPI

2 THE GARDENS 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 THE GARDENS sales between March 2005 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 September 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the October 2023 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 2 THE GARDENS?

2 THE GARDENS is 61m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% 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 THE GARDENS lies on this distribution: 1% of detached houses are smaller than 2 THE GARDENS, and 99% of houses are larger. Note that EPC data is not available for all properties in Monmouth.

2 THE GARDENS: Plot and Title Map

2 THE GARDENS sits on a plot of roughly 0.125 of an acre, or 506m². The below map shows the location of 2 THE GARDENS, 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 THE GARDENS). 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 THE GARDENS?

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