14, HOPEWELL CLOSE, BULWARK, CHEPSTOW, NP16 5ST - £247,500

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.

14 HOPEWELL CLOSE is a small extended detached house of 105m², built sometime between 1991 and 1995, which could now be worth an estimated £379,406. It was last sold for £247,500 in August 2016, which was around 22% below the average August 2016 detached price in the Monmouthshire local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was B.

14 HOPEWELL CLOSE Sold Prices

Land registry data shows three sales for 14 HOPEWELL 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 HOPEWELL 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 9 AUG	£247,500	£316,161	22% below HPI
2006 21 MAR	£214,000	£266,630	20% below HPI
2001 15 NOV	£132,000	£147,302	10% below HPI

14 HOPEWELL 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 HOPEWELL CLOSE sales between November 2001 and August 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 March 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2016 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 14 HOPEWELL CLOSE be worth now?

14 HOPEWELL CLOSE might now be worth an estimated £379,406.

This is based on house price inflation of 53.3%, between August 2016 and March 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 53.3% inflationary increase is applied to the most recent sale price for 14 HOPEWELL CLOSE of £247,500 on 9th August 2016. For the value to have increased from £247,500 to £379,406 over the nine years and five months to March 2025, the following assumptions must hold true:

• The value of 14 HOPEWELL CLOSE has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The August 2016 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of 14 HOPEWELL CLOSE has not materially changed since August 2016.

How Large is 14 HOPEWELL CLOSE?

14 HOPEWELL CLOSE is 105m², which includes one extension, according to the EPC inspection conducted in February 2016. 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 14 HOPEWELL CLOSE lies on this distribution: 38% of detached houses houses are smaller than 14 HOPEWELL CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

14 HOPEWELL CLOSE: Plot and Title Map

14 HOPEWELL CLOSE sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 14 HOPEWELL 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 HOPEWELL 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 HOPEWELL CLOSE?

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