3, THE NEWLANDS, MARDY, ABERGAVENNY, NP7 6HJ - £274,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 THE NEWLANDS is a small detached house of 97m², built sometime between 1983 and 1990. It was last sold for £274,000 in July 2020, which was around 30% below the average July 2020 detached price in the Monmouthshire local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was C.

3 THE NEWLANDS Sold Prices

Land registry data shows four sales for 3 THE NEWLANDS 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 THE NEWLANDS 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
2020 31 JUL	£274,000	£391,790	30% below HPI
2015 30 JUL	£205,000	£296,199	31% below HPI
2009 1 JUL	£145,000	£253,840	43% below HPI
2004 27 FEB	£142,000	£222,556	36% below HPI

3 THE NEWLANDS 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 THE NEWLANDS sales between February 2004 and July 2020 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 July 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2020 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 3 THE NEWLANDS?

3 THE NEWLANDS is 97m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 40% of detached houses in Abergavenny, based on EPC data. The below chart shows the distribution of detached houses by size in Abergavenny, and where 3 THE NEWLANDS lies on this distribution: 30% of detached houses are smaller than 3 THE NEWLANDS, and 69% of houses are larger. Note that EPC data is not available for all properties in Abergavenny.

3 THE NEWLANDS: Plot and Title Map

3 THE NEWLANDS sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 3 THE NEWLANDS, 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 THE NEWLANDS). 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 THE NEWLANDS?

3 THE NEWLANDS is located in MARDY, in the NP7 postcode district. The below map shows the position of No. 3 on THE NEWLANDS.