PROSPECT, SOMERSET ROAD, MONMOUTH, NP25 5AJ - £250,000

PROSPECT is a large detached house of 133m², built sometime between 1950 and 1966. It was last sold for £250,000 in November 2014, which was around 17% below the average November 2014 detached price in the Monmouthshire local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

PROSPECT Sold Prices

Land registry data shows two sales for PROSPECT 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 PROSPECT 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
2014 11 NOV	£250,000	£302,748	17% below HPI
2014 20 JAN	£147,500	£273,588	46% below HPI

PROSPECT 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 PROSPECT sales from January 2014 and November 2014 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 January 2014 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the November 2014 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is PROSPECT?

PROSPECT is 133m² according to the EPC inspection conducted in June 2014. This puts it in the largest 40% of detached houses in Monmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Monmouth, and where PROSPECT lies on this distribution: 60% of detached houses are smaller than PROSPECT, and 40% of houses are larger. Note that EPC data is not available for all properties in Monmouth.

PROSPECT: Plot and Title Map

PROSPECT sits on a plot of roughly 0.097 of an acre, or 394m². The below map shows the location of PROSPECT, 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 PROSPECT). 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 PROSPECT?

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