THE MILL CHASE, MILL LANE, GOVILON, ABERGAVENNY, NP7 9SA - £412,000

THE MILL CHASE is a very large extended detached house of 258m², built sometime between 1976 and 1982. It was last sold for £412,000 in July 2016, which was around 31% above the average July 2016 detached price in the Monmouthshire local authority area. The most recent EPC inspection was May 2012, where the current energy rating was E, and the potential energy rating was C.

THE MILL CHASE Sold Prices

Land registry data shows three sales for THE MILL CHASE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. All of the three THE MILL CHASE sales 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
2016 4 JUL	£412,000	£314,940	31% above HPI
2006 10 NOV	£390,000	£279,856	39% above HPI
2001 1 MAY	£219,000	£141,637	55% above HPI

THE MILL CHASE 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 three THE MILL CHASE sales between May 2001 and July 2016 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 November 2006 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the July 2016 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is THE MILL CHASE?

THE MILL CHASE is 258m², which includes two extensions, according to the EPC inspection conducted in May 2012. This puts it in the largest 10% of detached houses in Govilon, based on EPC data. The below chart shows the distribution of detached houses by size in Govilon, and where THE MILL CHASE lies on this distribution: 97% of detached houses are smaller than THE MILL CHASE, and 2% of houses are larger. Note that EPC data is not available for all properties in Govilon.

THE MILL CHASE: Plot and Title Map

THE MILL CHASE sits on a plot of roughly 0.285 of an acre, or 1,154m². The below map shows the location of THE MILL CHASE, 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 THE MILL CHASE). 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 THE MILL CHASE?

THE MILL CHASE is located on MILL LANE in GOVILON, in the NP7 postcode district. The below map shows the position of THE MILL CHASE on MILL LANE.