38, ELM DRIVE, LLANELLEN, ABERGAVENNY, NP7 9HW - £455,000

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

38 ELM DRIVE is a large extended detached house of 140m², built sometime between 1976 and 1982. It was last sold for £455,000 in April 2022, which was around 1% below the average April 2022 detached price in the Monmouthshire local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was A.

38 ELM DRIVE Sold Prices

Land registry data shows two sales for 38 ELM DRIVE 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 38 ELM DRIVE 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
2022 28 APR	£455,000	£458,505	1% below HPI
2017 16 JUN	£265,000	£331,255	20% below HPI

38 ELM 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 two 38 ELM DRIVE sales from June 2017 and April 2022 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 June 2017 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the April 2022 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 38 ELM DRIVE?

38 ELM DRIVE is 140m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the largest 40% of detached houses in Llanellen, based on EPC data. The below chart shows the distribution of detached houses by size in Llanellen, and where 38 ELM DRIVE lies on this distribution: 64% of detached houses are smaller than 38 ELM DRIVE, and 36% of houses are larger. Note that EPC data is not available for all properties in Llanellen.

38 ELM DRIVE: Plot and Title Map

38 ELM DRIVE sits on a plot of roughly 0.137 of an acre, or 554m². The below map shows the location of 38 ELM 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 38 ELM 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 38 ELM DRIVE?

38 ELM DRIVE is located in LLANELLEN, in the NP7 postcode district. The below map shows the position of No. 38 on ELM DRIVE.