£195,659
This estimated value is based upon the latest sale price for the house of £159,000 on 30 Aug 2019. This value is then adjusted by the current Official House Price Index for MONMOUTHSHIRE 1
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| Price Paid | Date |
|---|---|
| £159,000 | 30 Aug 2019 |
| £130,000 | 10 Jan 2014 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 sq feet |
This model uses changes in the Official Land Registry House Price Index for MONMOUTHSHIRE to estimate the market value.
When this house was purchased in August 2019 the House Price Index for MONMOUTHSHIRE was 120.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.056%.Applying this 23.056% change to the original purchase price of £159,000 results in an estimated price of approximately £195,659.
| 30 Aug 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 148.6 | 23.056 % | £159,000 | £36,659 | £195,659 |
The Postcode Pricing Model uses changes in average sales price within the NP7 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 62.381 % | £99,185 | £258,185 |
| 3 Month Average | 37.199 % | £59,146 | £218,146 |
| 6 Month Average | 25.068 % | £39,858 | £198,858 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2023 | £212,141 | £209,000 | 1 BRIDGE COTTAGES MERTHYR ROAD |
| 18 Apr 2023 | £214,813 | £212,500 | 53 PARK STREET |
| 17 Mar 2023 | £302,853 | £300,000 | 108 MERTHYR ROAD |
| 10 Mar 2023 | £555,231 | £550,000 | WESTGATE HOUSE MERTHYR ROAD |
| 25 Nov 2022 | £153,145 | £155,000 | 26 UNION ROAD EAST |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 24 Jul 2014. Using an estimated price of £195,660 means this house is valued at £2,835 per sq meter (£263 per sq foot).
The average size of a house on MERTHYR ROAD is 105 sq meters (1,136 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Union Road East |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Union Road East |
| Jan 2024 | Violence and sexual offences | Local resolution | On or near Union Road East |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hatherleigh Place |
| Jan 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Hatherleigh Place |