1, BISHOPS CLOSE, CHEPSTOW, NP16 5TE - £235,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 BISHOPS CLOSE is a small extended detached house of 99m², built sometime between 1996 and 2002. It was last sold for £235,000 in February 2016, which was around 25% below the average February 2016 detached price in the Monmouthshire local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was C.

1 BISHOPS CLOSE Sold Prices

Land registry data shows two sales for 1 BISHOPS CLOSE 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 1 BISHOPS CLOSE 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
2016 12 FEB	£235,000	£315,164	25% below HPI
1996 11 OCT	£72,950	£94,432	23% below HPI

1 BISHOPS CLOSE 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 1 BISHOPS CLOSE sales from October 1996 and February 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 October 1996 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2016 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 1 BISHOPS CLOSE be worth now?

1 BISHOPS CLOSE might now be worth an estimated £363,179.

This is based on house price inflation of 54.5%, between February 2016 and December 2024, for detached houses, in the Monmouthshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 54.5% inflationary increase is applied to the most recent sale price for 1 BISHOPS CLOSE of £235,000 on 12th February 2016. For the value to have increased from £235,000 to £363,179 over the seven years and two months to December 2024, the following assumptions must hold true:

• The value of 1 BISHOPS CLOSE has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The February 2016 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 1 BISHOPS CLOSE has not materially changed since February 2016.

How Large is 1 BISHOPS CLOSE?

1 BISHOPS CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the smallest 40% of detached houses houses in Chepstow, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chepstow, and where 1 BISHOPS CLOSE lies on this distribution: 33% of detached houses houses are smaller than 1 BISHOPS CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

1 BISHOPS CLOSE: Plot and Title Map

1 BISHOPS CLOSE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 1 BISHOPS CLOSE, 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 1 BISHOPS CLOSE). 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 1 BISHOPS CLOSE?

1 BISHOPS CLOSE is located in CHEPSTOW, in the NP16 postcode district. The below map shows the position of No. 1 on BISHOPS CLOSE.