£164,962
This estimated value is based upon the latest sale price for the house of £119,950 on 5 Feb 2016. This value is then adjusted by the current Official House Price Index for MONMOUTHSHIRE 1
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| Price Paid | Date |
|---|---|
| £119,950 | 5 Feb 2016 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 56 sq meters or 602 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 February 2016 the House Price Index for MONMOUTHSHIRE was 108.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 37.526%.Applying this 37.526% change to the original purchase price of £119,950 results in an estimated price of approximately £164,962.
| 5 Feb 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.9 | 149.7 | 37.526 % | £119,950 | £45,012 | £164,962 |
The Postcode Pricing Model uses changes in average sales price within the NP26 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 | 25.150 % | £30,167 | £150,117 |
| 3 Month Average | 54.607 % | £65,501 | £185,451 |
| 6 Month Average | 53.629 % | £64,328 | £184,278 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £201,702 | £199,950 | 4 DUNLIN AVENUE |
| 28 Mar 2024 | £243,745 | £240,000 | 23 ALIANORE ROAD |
| 24 Nov 2023 | £215,469 | £210,000 | 27 DURAND ROAD |
| 18 Oct 2023 | £199,532 | £195,000 | 2 DUNLIN AVENUE |
| 9 Mar 2023 | £213,567 | £210,000 | 9 FITZWALTER ROAD |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 9 Dec 2014. Using an estimated price of £164,962 means this house is valued at £2,945 per sq meter (£273 per sq foot).
The average size of a house on MILL LANE is 81 sq meters (876 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Durand Road |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Durand Road |
| Nov 2024 | Drugs | Awaiting court outcome | On or near Norman Court |
| Nov 2024 | Criminal damage and arson | Under investigation | On or near Norman Court |
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Norman Court |