14, OAKFIELD AVENUE, CHEPSTOW, NP16 5NE - £295,000

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.

14 OAKFIELD AVENUE is a small detached house of 93m², built sometime between 1976 and 1982, which could now be worth an estimated £368,381. It was last sold for £295,000 in February 2020, which was around 25% below the average February 2020 detached price in the Monmouthshire local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

14 OAKFIELD AVENUE Sold Prices

Land registry data shows four sales for 14 OAKFIELD AVENUE 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 14 OAKFIELD AVENUE 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 13 FEB	£295,000	£393,991	25% below HPI
2015 20 JUL	£242,000	£296,809	18% below HPI
2003 24 OCT	£173,000	£209,090	17% below HPI
1997 5 DEC	£77,500	£101,295	23% below HPI

14 OAKFIELD AVENUE 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 14 OAKFIELD AVENUE sales between December 1997 and February 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 July 2015 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 14 OAKFIELD AVENUE be worth now?

14 OAKFIELD AVENUE might now be worth an estimated £368,381.

This is based on house price inflation of 24.9%, between February 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 24.9% inflationary increase is applied to the most recent sale price for 14 OAKFIELD AVENUE of £295,000 on 13th February 2020. For the value to have increased from £295,000 to £368,381 over the five years to February 2025, the following assumptions must hold true:

• The value of 14 OAKFIELD AVENUE has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The February 2020 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 14 OAKFIELD AVENUE has not materially changed since February 2020.

How Large is 14 OAKFIELD AVENUE?

14 OAKFIELD AVENUE is 93m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 30% 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 OAKFIELD AVENUE lies on this distribution: 27% of detached houses houses are smaller than 14 OAKFIELD AVENUE, and 72% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

14 OAKFIELD AVENUE: Plot and Title Map

14 OAKFIELD AVENUE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 14 OAKFIELD AVENUE, 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 OAKFIELD AVENUE). 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 OAKFIELD AVENUE?

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