FAIRWAYS, REDBROOK ROAD, MONMOUTH, NP25 3LY - £305,000

FAIRWAYS is a small detached house of 102m², built sometime between 1930 and 1949. It was last sold for £305,000 in November 2020, which was around 25% below the average November 2020 detached price in the Monmouthshire local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

FAIRWAYS Sold Prices

Land registry data shows two sales for FAIRWAYS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. Both of the two FAIRWAYS sales were for below 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
2020 24 NOV	£305,000	£406,931	25% below HPI
2003 26 SEP	£172,000	£205,431	16% below HPI

FAIRWAYS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Monmouthshire local authority area over time, sourced from the HPI. The two FAIRWAYS sales from September 2003 and November 2020 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 September 2003 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is FAIRWAYS?

FAIRWAYS is 102m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 30% of detached houses in Monmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Monmouth, and where FAIRWAYS lies on this distribution: 28% of detached houses are smaller than FAIRWAYS, and 71% of houses are larger. Note that EPC data is not available for all properties in Monmouth.

FAIRWAYS: Plot and Title Map

FAIRWAYS sits on a plot of roughly 0.164 of an acre, or 664m². The below map shows the location of FAIRWAYS, 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 FAIRWAYS). 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 FAIRWAYS?

FAIRWAYS is located on REDBROOK ROAD in MONMOUTH, in the NP25 postcode district. The below map shows the position of FAIRWAYS on REDBROOK ROAD.