11, LEWIS WAY, CHEPSTOW, NP16 5TA - £360,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

11 LEWIS WAY is a small detached house of 99m², built sometime between 1996 and 2002, which could now be worth an estimated £434,361. It was last sold for £360,000 in November 2020, which was around 12% below the average November 2020 detached price in the Monmouthshire local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

11 LEWIS WAY Sold Prices

Land registry data shows four sales for 11 LEWIS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. All of the four 11 LEWIS WAY 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 30 NOV	£360,000	£407,768	12% below HPI
2019 24 MAY	£305,000	£383,416	20% below HPI
2003 12 DEC	£180,000	£211,482	15% below HPI
1995 20 FEB	£85,000	£90,931	7% below HPI

11 LEWIS WAY 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 four 11 LEWIS WAY sales between February 1995 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 May 2019 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2020 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 11 LEWIS WAY be worth now?

11 LEWIS WAY might now be worth an estimated £434,361.

This is based on house price inflation of 20.7%, between November 2020 and February 2025, 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 20.7% inflationary increase is applied to the most recent sale price for 11 LEWIS WAY of £360,000 on 30th November 2020. For the value to have increased from £360,000 to £434,361 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 11 LEWIS WAY has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The November 2020 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 11 LEWIS WAY has not materially changed since November 2020.

How Large is 11 LEWIS WAY?

11 LEWIS WAY is 99m² according to the EPC inspection conducted in May 2018. 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 11 LEWIS WAY lies on this distribution: 33% of detached houses houses are smaller than 11 LEWIS WAY, and 66% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

11 LEWIS WAY: Plot and Title Map

11 LEWIS WAY sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 11 LEWIS WAY, 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 11 LEWIS WAY). 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 11 LEWIS WAY?

11 LEWIS WAY is located in CHEPSTOW, in the NP16 postcode district. The below map shows the position of No. 11 on LEWIS WAY.