SPRINGLEAP, MILL CRESCENT, GOVILON, ABERGAVENNY, NP7 9SB - £241,000

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

SPRINGLEAP is a midsized extended detached house of 123m², built sometime between 1950 and 1966, which could now be worth an estimated £387,690. It was last sold for £241,000 in November 2015, which was around 21% below the average November 2015 detached price in the Monmouthshire local authority area. The most recent EPC inspection was July 2010, where the current energy rating was E, and the potential energy rating was C.

SPRINGLEAP Sold Prices

Land registry data shows two sales for SPRINGLEAP 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 SPRINGLEAP 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
2015 27 NOV	£241,000	£305,840	21% below HPI
2011 30 NOV	£237,500	£276,204	14% below HPI

SPRINGLEAP 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 SPRINGLEAP sales from November 2011 and November 2015 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 November 2011 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2015 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might SPRINGLEAP be worth now?

SPRINGLEAP might now be worth an estimated £387,690.

This is based on house price inflation of 60.9%, between November 2015 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 60.9% inflationary increase is applied to the most recent sale price for SPRINGLEAP of £241,000 on 27th November 2015. For the value to have increased from £241,000 to £387,690 over the ten years and nine months to February 2025, the following assumptions must hold true:

• The value of SPRINGLEAP has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The November 2015 sale price of £241,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGLEAP has not materially changed since November 2015.

How Large is SPRINGLEAP?

SPRINGLEAP is 123m², which includes one extension, according to the EPC inspection conducted in July 2010. This puts it in the largest 50% of detached houses houses in Govilon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Govilon, and where SPRINGLEAP lies on this distribution: 52% of detached houses houses are smaller than SPRINGLEAP, and 48% of houses are larger. Note that EPC data is not available for all properties in Govilon.

SPRINGLEAP: Plot and Title Map

SPRINGLEAP sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of SPRINGLEAP, 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 SPRINGLEAP). 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 SPRINGLEAP?

SPRINGLEAP is located on MILL CRESCENT in GOVILON, in the NP7 postcode district. The below map shows the position of SPRINGLEAP on MILL CRESCENT.