8, FAIRVIEW CLOSE, WYESHAM, MONMOUTH, NP25 3LQ - £288,000

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

8 FAIRVIEW CLOSE is a very small detached house of 60m², built sometime between 1967 and 1975. It was last sold for £288,000 in March 2023, which was around 40% below the average March 2023 detached price in the Monmouthshire local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was B.

8 FAIRVIEW CLOSE Sold Prices

Land registry data shows two sales for 8 FAIRVIEW 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 8 FAIRVIEW 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
2023 8 MAR	£288,000	£480,565	40% below HPI
1998 11 DEC	£71,500	£110,440	35% below HPI

8 FAIRVIEW 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 8 FAIRVIEW CLOSE sales from December 1998 and March 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 December 1998 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the March 2023 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 8 FAIRVIEW CLOSE?

8 FAIRVIEW CLOSE is 60m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 10% of detached houses in Monmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Monmouth, and where 8 FAIRVIEW CLOSE lies on this distribution: 1% of detached houses are smaller than 8 FAIRVIEW CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Monmouth.

8 FAIRVIEW CLOSE: Plot and Title Map

8 FAIRVIEW CLOSE sits on a plot of roughly 0.109 of an acre, or 441m². The below map shows the location of 8 FAIRVIEW 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 8 FAIRVIEW 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 8 FAIRVIEW CLOSE?

8 FAIRVIEW CLOSE is located in WYESHAM, in the NP25 postcode district. The below map shows the position of No. 8 on FAIRVIEW CLOSE.