CRAIG LEA, CRICKHOWELL ROAD, GILWERN, ABERGAVENNY, NP7 0DE - £336,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

CRAIG LEA is a very large extended detached house of 148m², built sometime from 2007 onwards, which could now be worth an estimated £545,723. It was last sold for £336,500 in November 2014, which was around 11% above the average November 2014 detached price in the Monmouthshire local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

CRAIG LEA Sold Prices

Land registry data shows three sales for CRAIG LEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. One of the three CRAIG LEA sales was for above the average price, whilst two 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
2014 7 NOV	£336,500	£303,371	11% above HPI
2007 1 JUN	£223,500	£278,191	20% below HPI
1995 6 OCT	£67,000	£86,236	22% below HPI

CRAIG LEA 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 three CRAIG LEA sales between October 1995 and November 2014 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 2007 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2014 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might CRAIG LEA be worth now?

CRAIG LEA might now be worth an estimated £545,723.

This is based on house price inflation of 62.2%, between November 2014 and February 2025, for detached houses, in the Monmouthshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 62.2% inflationary increase is applied to the most recent sale price for CRAIG LEA of £336,500 on 7th November 2014. For the value to have increased from £336,500 to £545,723 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of CRAIG LEA has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The November 2014 sale price of £336,500 represented a fair market value for the property.
• The size, condition, and specification of CRAIG LEA has not materially changed since November 2014.

How Large is CRAIG LEA?

CRAIG LEA is 148m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the largest 20% of detached houses houses in Gilwern, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gilwern, and where CRAIG LEA lies on this distribution: 81% of detached houses houses are smaller than CRAIG LEA, and 18% of houses are larger. Note that EPC data is not available for all properties in Gilwern.

CRAIG LEA: Plot and Title Map

CRAIG LEA sits on a plot of roughly 0.238 of an acre, or 963m². The below map shows the location of CRAIG LEA, 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 CRAIG LEA). 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 CRAIG LEA?

CRAIG LEA is located on CRICKHOWELL ROAD in GILWERN, in the NP7 postcode district. The below map shows the position of CRAIG LEA on CRICKHOWELL ROAD.