£616,760
This estimated value is based upon the latest sale price for the house of £470,000 on 22 Nov 2016. This value is then adjusted by the current Official House Price Index for MONMOUTHSHIRE 1
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| Price Paid | Date |
|---|---|
| £470,000 | 22 Nov 2016 |
| £495,000 | 31 Jan 2008 |
| £190,250 | 15 Jan 2006 |
| Detached |
| Freehold |
| Floor Area: 224 sq meters or 2,411 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 November 2016 the House Price Index for MONMOUTHSHIRE was 112.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 31.226%.Applying this 31.226% change to the original purchase price of £470,000 results in an estimated price of approximately £616,760.
| 22 Nov 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.0 | 31.226 % | £470,000 | £146,760 | £616,760 |
The Postcode Pricing Model uses changes in average sales price within the NP16 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 | -21.294 % | £-100,081 | £369,918 |
| 3 Month Average | 18.620 % | £87,515 | £557,515 |
| 6 Month Average | 26.352 % | £123,856 | £593,856 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £597,673 | £590,000 | ORCHARD END NEWPORT ROAD |
| 17 Feb 2023 | £454,600 | £456,750 | 5 THE PADDOCK |
| 14 Nov 2022 | £492,021 | £500,000 | 3A HIGH BEECH LANE |
| 15 Jul 2022 | £416,437 | £417,000 | 3 THE PADDOCK |
| 29 Jun 2022 | £390,962 | £387,000 | 13 HIGH BEECH LANE |
This house has a floor area of 224 sq meters or 2,411 sq feet when measured on 11 Sep 2013. Using an estimated price of £616,760 means this house is valued at £2,753 per sq meter (£255 per sq foot).
The average size of a house on HIGH BEECH LANE is 172 sq meters (1,852 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near High Beech Lane |
| Apr 2024 | Other theft | Under investigation | On or near Petrol Station |
| Apr 2024 | Drugs | Local resolution | On or near Petrol Station |
| Apr 2024 | Other theft | Under investigation | On or near Petrol Station |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |