3, PATTERSON WAY, MONMOUTH, NP25 5BS - £285,000

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

3 PATTERSON WAY is a small extended detached house of 105m², built sometime between 1991 and 1995. It was last sold for £285,000 in October 2019, which was around 27% below the average October 2019 detached price in the Monmouthshire local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

3 PATTERSON WAY Sold Prices

Land registry data shows four sales for 3 PATTERSON WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. All of the four 3 PATTERSON WAY 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
2019 14 OCT	£285,000	£388,490	27% below HPI
2016 4 MAR	£210,000	£313,261	33% below HPI
2002 1 NOV	£155,000	£185,073	16% below HPI
2000 24 MAR	£99,995	£121,907	18% below HPI

3 PATTERSON 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 four 3 PATTERSON WAY sales between March 2000 and October 2019 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 March 2016 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the October 2019 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 3 PATTERSON WAY?

3 PATTERSON WAY is 105m², which includes three extensions, according to the EPC inspection conducted in April 2015. This puts it in the smallest 40% of detached houses in Monmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Monmouth, and where 3 PATTERSON WAY lies on this distribution: 30% of detached houses are smaller than 3 PATTERSON WAY, and 69% of houses are larger. Note that EPC data is not available for all properties in Monmouth.

3 PATTERSON WAY: Plot and Title Map

3 PATTERSON WAY sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 3 PATTERSON 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 3 PATTERSON 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 3 PATTERSON WAY?

3 PATTERSON WAY is located in MONMOUTH, in the NP25 postcode district. The below map shows the position of No. 3 on PATTERSON WAY.