MARTLETS, VINEGAR HILL, UNDY, CALDICOT, NP26 3EJ - £320,000

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.

MARTLETS is a large detached house of 121m², built sometime between 1996 and 2002, which could now be worth an estimated £401,077. It was last sold for £320,000 in June 2019, which was around 18% below the average June 2019 detached price in the Monmouthshire local authority area. The most recent EPC inspection was June 2012, where the current energy rating was C, and the potential energy rating was B.

MARTLETS Sold Prices

Land registry data shows two sales for MARTLETS 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 MARTLETS 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
2019 27 JUN	£320,000	£392,540	18% below HPI
2014 3 JUL	£230,000	£285,882	20% below HPI

MARTLETS 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 MARTLETS sales from July 2014 and June 2019 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 July 2014 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the June 2019 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might MARTLETS be worth now?

MARTLETS might now be worth an estimated £401,077.

This is based on house price inflation of 25.3%, between June 2019 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 25.3% inflationary increase is applied to the most recent sale price for MARTLETS of £320,000 on 27th June 2019. For the value to have increased from £320,000 to £401,077 over the six years and four months to February 2025, the following assumptions must hold true:

• The value of MARTLETS has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The June 2019 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of MARTLETS has not materially changed since June 2019.

How Large is MARTLETS?

MARTLETS is 121m² according to the EPC inspection conducted in June 2012. This puts it in the largest 40% of detached houses houses in Undy, based on EPC data. The below chart shows the distribution of detached houses houses by size in Undy, and where MARTLETS lies on this distribution: 61% of detached houses houses are smaller than MARTLETS, and 38% of houses are larger. Note that EPC data is not available for all properties in Undy.

MARTLETS: Plot and Title Map

MARTLETS sits on a plot of roughly 0.121 of an acre, or 488m². The below map shows the location of MARTLETS, 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 MARTLETS). 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 MARTLETS?

MARTLETS is located on VINEGAR HILL in UNDY, in the NP26 postcode district. The below map shows the position of MARTLETS on VINEGAR HILL.