MONKS WAY, SHERBORNE LANE, LYME REGIS, DT7 3PD - £455,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MONKS WAY is a very small extended detached house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £567,428. It was last sold for £455,000 in April 2017, which was around 9% above the average April 2017 detached price in the Dorset local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

MONKS WAY Sold Prices

Land registry data shows three sales for MONKS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. One of the three MONKS WAY 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
2017 3 APR	£455,000	£417,779	9% above HPI
2014 30 SEP	£250,000	£369,109	32% below HPI
2005 4 MAR	£204,000	£293,869	31% below HPI

MONKS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The three MONKS WAY sales between March 2005 and April 2017 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 2014 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the April 2017 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might MONKS WAY be worth now?

MONKS WAY might now be worth an estimated £567,428.

This is based on house price inflation of 24.7%, between April 2017 and December 2024, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.7% inflationary increase is applied to the most recent sale price for MONKS WAY of £455,000 on 3rd April 2017. For the value to have increased from £455,000 to £567,428 over the six years and four months to December 2024, the following assumptions must hold true:

• The value of MONKS WAY has moved in line with the HPI for detached houses in the Dorset local authority area.
• The April 2017 sale price of £455,000 represented a fair market value for the property.
• The size, condition, and specification of MONKS WAY has not materially changed since April 2017.

How Large is MONKS WAY?

MONKS WAY is 90m², which includes four extensions, according to the EPC inspection conducted in July 2016. This puts it in the smallest 20% of detached houses houses in Lyme Regis, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lyme Regis, and where MONKS WAY lies on this distribution: 15% of detached houses houses are smaller than MONKS WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Lyme Regis.

MONKS WAY: Plot and Title Map

MONKS WAY sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of MONKS WAY, 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 MONKS WAY). 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 MONKS WAY?

MONKS WAY is located on SHERBORNE LANE in LYME REGIS, in the DT7 postcode district. The below map shows the position of MONKS WAY on SHERBORNE LANE.