£275,511
This estimated value is based upon the latest sale price for the house of £190,000 on 17 Jul 2015. This value is then adjusted by the current Official House Price Index for MONMOUTHSHIRE 1
There have been three burglaries within the last year on or near Castle Lea
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| Price Paid | Date |
|---|---|
| £190,000 | 17 Jul 2015 |
| £207,000 | 2 Nov 2007 |
| £79,000 | 17 Sep 1996 |
| Detached |
| Freehold |
| Floor Area: 127 sq meters or 1,367 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 July 2015 the House Price Index for MONMOUTHSHIRE was 103.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 45.006%.Applying this 45.006% change to the original purchase price of £190,000 results in an estimated price of approximately £275,511.
| 17 Jul 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 149.7 | 45.006 % | £190,000 | £85,511 | £275,511 |
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 | 59.304 % | £112,676 | £302,676 |
| 3 Month Average | 74.858 % | £142,230 | £332,230 |
| 6 Month Average | 67.605 % | £128,449 | £318,449 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 May 2024 | £505,000 | £505,000 | 50 CHEPSTOW ROAD |
| 6 Dec 2023 | £243,998 | £236,500 | 157 CASTLE LEA |
| 27 May 2022 | £297,706 | £289,950 | 31 CASTLE LEA |
| 14 Apr 2022 | £212,671 | £205,000 | 154 CASTLE LEA |
| 11 Mar 2022 | £511,527 | £490,000 | 1 COURT HOUSE CLOSE |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 4 Dec 2014. Using an estimated price of £275,512 means this house is valued at £2,169 per sq meter (£201 per sq foot).
The average size of a house on CHEPSTOW ROAD is 139 sq meters (1,506 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Burglary | Under investigation | On or near Castle Lea |
| Oct 2024 | Burglary | Under investigation | On or near Castle Lea |
| Oct 2024 | Burglary | Under investigation | On or near Castle Lea |
| Nov 2024 | Other theft | Unable to prosecute suspect | On or near Castle Lodge Crescent |
| Nov 2024 | Public order | Under investigation | On or near Castle Lodge Crescent |