THE STEPS, OLD MONMOUTH ROAD, RAGLAN, USK, NP15 2JX - £249,950

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE STEPS is a very small extended detached house of 85m², built sometime between 2003 and 2006. It was last sold for £249,950 in March 2011, which was around 8% below the average March 2011 detached price in the Monmouthshire local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was B.

THE STEPS Sold Prices

Land registry data shows two sales for THE STEPS 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 THE STEPS 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
2011 29 MAR	£249,950	£272,374	8% below HPI
2001 14 AUG	£71,000	£143,529	51% below HPI

THE STEPS 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 THE STEPS sales from August 2001 and March 2011 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 2001 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the March 2011 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is THE STEPS?

THE STEPS is 85m², which includes two extensions, according to the EPC inspection conducted in February 2024. This puts it in the smallest 20% of detached houses in Raglan, based on EPC data. The below chart shows the distribution of detached houses by size in Raglan, and where THE STEPS lies on this distribution: 14% of detached houses are smaller than THE STEPS, and 85% of houses are larger. Note that EPC data is not available for all properties in Raglan.

THE STEPS: Plot and Title Map

THE STEPS sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of THE STEPS, 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 STEPS). 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 STEPS?

THE STEPS is located on OLD MONMOUTH ROAD in RAGLAN, in the NP15 postcode district. The below map shows the position of THE STEPS on OLD MONMOUTH ROAD.