MELBOURNE, MONMOUTH ROAD, USK, NP15 1SF - £264,000

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

MELBOURNE is a small extended detached house of 105m², built sometime between 1967 and 1975. It was last sold for £264,000 in July 2013, which was around 4% below the average July 2013 detached price in the Monmouthshire local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

MELBOURNE Sold Prices

Land registry data shows three sales for MELBOURNE 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. Two of the three MELBOURNE sales were for below the average price, whilst one was for above 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
2013 26 JUL	£264,000	£274,232	4% below HPI
2006 19 APR	£280,000	£266,504	5% above HPI
2005 27 JUL	£242,000	£266,256	9% below HPI

MELBOURNE 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 MELBOURNE sales between July 2005 and July 2013 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 April 2006 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the July 2013 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is MELBOURNE?

MELBOURNE is 105m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the smallest 30% of detached houses in Usk, based on EPC data. The below chart shows the distribution of detached houses by size in Usk, and where MELBOURNE lies on this distribution: 25% of detached houses are smaller than MELBOURNE, and 74% of houses are larger. Note that EPC data is not available for all properties in Usk.

MELBOURNE: Plot and Title Map

MELBOURNE sits on a plot of roughly 0.122 of an acre, or 494m². The below map shows the location of MELBOURNE, 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 MELBOURNE). 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 MELBOURNE?

MELBOURNE is located on MONMOUTH ROAD in USK, in the NP15 postcode district. The below map shows the position of MELBOURNE on MONMOUTH ROAD.