THE HOMESTEAD, RIVERSIDE PARK, MAYHILL, MONMOUTH, NP25 3LT - £230,000

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 HOMESTEAD is a very small detached house of 53m², built sometime before 1900. It was last sold for £230,000 in November 2012, which was around 13% below the average November 2012 detached price in the Monmouthshire local authority area. The most recent EPC inspection was March 2011, where the current energy rating was E, and the potential energy rating was E.

THE HOMESTEAD Sold Prices

Land registry data shows three sales for THE HOMESTEAD 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. All of the three THE HOMESTEAD 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
2012 1 NOV	£230,000	£262,886	13% below HPI
2010 3 AUG	£180,000	£272,722	34% below HPI
1997 6 AUG	£20,000	£101,116	80% below HPI

THE HOMESTEAD 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 THE HOMESTEAD sales between August 1997 and November 2012 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 August 2010 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the November 2012 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is THE HOMESTEAD?

THE HOMESTEAD is 53m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 10% 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 HOMESTEAD lies on this distribution: Less than 1% of detached houses are smaller than THE HOMESTEAD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Monmouth.

THE HOMESTEAD: Plot and Title Map

THE HOMESTEAD sits on a plot of roughly 0.133 of an acre, or 536m². The below map shows the location of THE HOMESTEAD, 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 HOMESTEAD). 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 HOMESTEAD?

THE HOMESTEAD is located on RIVERSIDE PARK in MAYHILL, in the NP25 postcode district. The below map shows the position of THE HOMESTEAD on RIVERSIDE PARK.