THE CHERRIES, SOMERSET ROAD, MONMOUTH, NP25 5AJ - £335,000

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

THE CHERRIES is a small detached house of 107m², built sometime between 1900 and 1929. It was last sold for £335,000 in August 2021, which was around 20% below the average August 2021 detached price in the Monmouthshire local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

THE CHERRIES Sold Prices

Land registry data shows six sales for THE CHERRIES since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. Most of the six THE CHERRIES 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
2021 9 AUG	£335,000	£420,652	20% below HPI
2006 28 SEP	£245,000	£282,214	13% below HPI
2003 18 JUL	£155,000	£194,382	20% below HPI
2000 14 APR	£112,000	£118,683	6% below HPI
1999 22 DEC	£171,995	£115,926	48% above HPI
1996 16 APR	£11,250	£88,160	87% below HPI

THE CHERRIES 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 six THE CHERRIES sales between April 1996 and August 2021 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 2006 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2021 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is THE CHERRIES?

THE CHERRIES is 107m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 40% of detached houses in Monmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Monmouth, and where THE CHERRIES lies on this distribution: 33% of detached houses are smaller than THE CHERRIES, and 64% of houses are larger. Note that EPC data is not available for all properties in Monmouth.

THE CHERRIES: Plot and Title Map

THE CHERRIES sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of THE CHERRIES, 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 THE CHERRIES). 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 THE CHERRIES?

THE CHERRIES is located on SOMERSET ROAD in MONMOUTH, in the NP25 postcode district. The below map shows the position of THE CHERRIES on SOMERSET ROAD.