14, GARVEY CLOSE, CHEPSTOW, NP16 5TD - £71,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

14 GARVEY CLOSE is a very small detached house of 70m², built sometime between 1991 and 1995. It was last sold for £71,000 in July 2001, which was around 50% below the average July 2001 detached price in the Monmouthshire local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

14 GARVEY CLOSE Sold Prices

Land registry data shows three sales for 14 GARVEY CLOSE 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 14 GARVEY 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
2001 27 JUL	£71,000	£143,025	50% below HPI
2000 23 JUN	£65,250	£124,214	47% below HPI
1997 28 NOV	£52,000	£101,589	49% below HPI

14 GARVEY 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 three 14 GARVEY CLOSE sales between November 1997 and July 2001 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 June 2000 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the July 2001 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 14 GARVEY CLOSE?

14 GARVEY CLOSE is 70m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% of detached houses in Chepstow, based on EPC data. The below chart shows the distribution of detached houses by size in Chepstow, and where 14 GARVEY CLOSE lies on this distribution: 4% of detached houses are smaller than 14 GARVEY CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

14 GARVEY CLOSE: Plot and Title Map

14 GARVEY CLOSE sits on a plot of roughly 0.028 of an acre, or 114m². The below map shows the location of 14 GARVEY 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 14 GARVEY 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 14 GARVEY CLOSE?

14 GARVEY CLOSE is located in CHEPSTOW, in the NP16 postcode district. The below map shows the position of No. 14 on GARVEY CLOSE.