8, MONRO DRIVE, GUILDFORD, GU2 9PS - £411,250

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 MONRO DRIVE is a very small terraced house of 61m², built sometime between 1996 and 2002, which could now be worth an estimated £408,242. It was last sold for £411,250 in August 2022, which was around 4% below the average August 2022 terraced price in the Guildford local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

8 MONRO DRIVE Sold Prices

Land registry data shows four sales for 8 MONRO DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Guildford local authority area for the corresponding sale date. two of the four 8 MONRO DRIVE sales were for below the average price, and four were for above 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
2022 22 AUG	£411,250	£426,460	4% below HPI
2017 15 DEC	£353,000	£355,381	1% below HPI
1998 29 SEP	£102,000	£99,559	2% above HPI
1996 30 APR	£84,950	£69,609	22% above HPI

8 MONRO DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Guildford local authority area over time, sourced from the HPI. The four 8 MONRO DRIVE sales between April 1996 and August 2022 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 December 2017 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2022 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 8 MONRO DRIVE be worth now?

8 MONRO DRIVE might now be worth an estimated £408,242.

This is based on house price deflation of 0.7%, between August 2022 and April 2026, for terraced houses, in the Guildford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.7% deflationary decrease is applied to the most recent sale price for 8 MONRO DRIVE of £411,250 on 22nd August 2022. For the value to have decreased from £411,250 to £408,242 over the four years and four months to April 2026, the following assumptions must hold true:

• The value of 8 MONRO DRIVE has moved in line with the HPI for terraced houses in the Guildford local authority area.
• The August 2022 sale price of £411,250 represented a fair market value for the property.
• The size, condition, and specification of 8 MONRO DRIVE has not materially changed since August 2022.

How Large is 8 MONRO DRIVE?

8 MONRO DRIVE is 61m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 10% of terraced houses houses in Guildford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Guildford, and where 8 MONRO DRIVE lies on this distribution: 1% of terraced houses houses are smaller than 8 MONRO DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Guildford.

8 MONRO DRIVE: Plot and Title Map

8 MONRO DRIVE sits on a plot of roughly 0.027 of an acre, or 109m². The below map shows the location of 8 MONRO DRIVE, 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 8 MONRO DRIVE). 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 8 MONRO DRIVE?

8 MONRO DRIVE is located in GUILDFORD, in the GU2 postcode district. The below map shows the position of No. 8 on MONRO DRIVE.