7, WALLACE CLOSE, USK, NP15 1SQ - £265,000

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

7 WALLACE CLOSE is a small extended detached house of 113m², built sometime between 1983 and 1990. It was last sold for £265,000 in November 2006, which was around 5% below the average November 2006 detached price in the Monmouthshire local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was C.

7 WALLACE CLOSE Sold Prices

Land registry data shows two sales for 7 WALLACE CLOSE 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 7 WALLACE CLOSE 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
2006 23 NOV	£265,000	£279,856	5% below HPI
1999 3 SEP	£114,000	£114,888	1% below HPI

7 WALLACE CLOSE 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 7 WALLACE CLOSE sales from September 1999 and November 2006 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 1999 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2006 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 7 WALLACE CLOSE?

7 WALLACE CLOSE is 113m², which includes one extension, according to the EPC inspection conducted in November 2011. This puts it in the smallest 40% of detached houses in Usk, based on EPC data. The below chart shows the distribution of detached houses by size in Usk, and where 7 WALLACE CLOSE lies on this distribution: 35% of detached houses are smaller than 7 WALLACE CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Usk.

7 WALLACE CLOSE: Plot and Title Map

7 WALLACE CLOSE sits on a plot of roughly 0.088 of an acre, or 354m². The below map shows the location of 7 WALLACE CLOSE, 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 7 WALLACE CLOSE). 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 7 WALLACE CLOSE?

7 WALLACE CLOSE is located in USK, in the NP15 postcode district. The below map shows the position of No. 7 on WALLACE CLOSE.