6, ELAN WAY, CALDICOT, NP26 4QA - £350,000

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

6 ELAN WAY is a very small extended detached house of 93m², built sometime between 1967 and 1975. It was last sold for £350,000 in August 2023, which was around 27% below the average August 2023 detached price in the Monmouthshire local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

6 ELAN WAY Sold Prices

Land registry data shows five sales for 6 ELAN WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. All of the five 6 ELAN 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
2023 30 AUG	£350,000	£476,300	27% below HPI
2023 3 MAR	£334,450	£480,565	30% below HPI
2018 9 FEB	£320,000	£354,750	10% below HPI
2004 29 MAR	£173,000	£222,005	22% below HPI
1999 3 SEP	£88,000	£114,888	23% below HPI

6 ELAN 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 five 6 ELAN WAY sales between September 1999 and August 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 March 2023 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the August 2023 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 6 ELAN WAY?

6 ELAN WAY is 93m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% of detached houses in Caldicot, based on EPC data. The below chart shows the distribution of detached houses by size in Caldicot, and where 6 ELAN WAY lies on this distribution: 16% of detached houses are smaller than 6 ELAN WAY, and 81% of houses are larger. Note that EPC data is not available for all properties in Caldicot.

6 ELAN WAY: Plot and Title Map

6 ELAN WAY sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 6 ELAN 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 6 ELAN 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 6 ELAN WAY?

6 ELAN WAY is located in CALDICOT, in the NP26 postcode district. The below map shows the position of No. 6 on ELAN WAY.