NORCOTT, COMMON ROAD, GILWERN, ABERGAVENNY, NP7 0DR - £173,000

NORCOTT is a very small detached house of 60m², built sometime between 1950 and 1966. It was last sold for £173,000 in February 2017, which was around 48% below the average February 2017 detached price in the Monmouthshire local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

NORCOTT Sold Prices

Land registry data shows two sales for NORCOTT 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 NORCOTT 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
2017 15 FEB	£173,000	£330,011	48% below HPI
2016 12 AUG	£180,000	£315,512	43% below HPI

NORCOTT 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 NORCOTT sales from August 2016 and February 2017 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 August 2016 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the February 2017 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is NORCOTT?

NORCOTT is 60m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 10% of detached houses in Gilwern, based on EPC data. The below chart shows the distribution of detached houses by size in Gilwern, and where NORCOTT lies on this distribution: 2% of detached houses are smaller than NORCOTT, and 98% of houses are larger. Note that EPC data is not available for all properties in Gilwern.

NORCOTT: Plot and Title Map

NORCOTT sits on a plot of roughly 0.122 of an acre, or 492m². The below map shows the location of NORCOTT, 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 NORCOTT). 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 NORCOTT?

NORCOTT is located on COMMON ROAD in GILWERN, in the NP7 postcode district. The below map shows the position of NORCOTT on COMMON ROAD.