15, PIERCEFIELD AVENUE, CHEPSTOW, NP16 5JB - £365,000

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.

15 PIERCEFIELD AVENUE is a small extended detached house of 95m², built sometime between 1967 and 1975, which could now be worth an estimated £428,590. It was last sold for £365,000 in February 2021, which was around 13% below the average February 2021 detached price in the Monmouthshire local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was C.

15 PIERCEFIELD AVENUE Sold Prices

Land registry data shows three sales for 15 PIERCEFIELD AVENUE 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 15 PIERCEFIELD 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
2021 25 FEB	£365,000	£418,998	13% below HPI
2002 10 APR	£142,000	£158,193	10% below HPI
1996 13 DEC	£89,000	£92,842	4% below HPI

15 PIERCEFIELD 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 three 15 PIERCEFIELD AVENUE sales between December 1996 and February 2021 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 April 2002 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the February 2021 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 15 PIERCEFIELD AVENUE be worth now?

15 PIERCEFIELD AVENUE might now be worth an estimated £428,590.

This is based on house price inflation of 17.4%, between February 2021 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 17.4% inflationary increase is applied to the most recent sale price for 15 PIERCEFIELD AVENUE of £365,000 on 25th February 2021. For the value to have increased from £365,000 to £428,590 over the four years to February 2025, the following assumptions must hold true:

• The value of 15 PIERCEFIELD AVENUE has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The February 2021 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 15 PIERCEFIELD AVENUE has not materially changed since February 2021.

How Large is 15 PIERCEFIELD AVENUE?

15 PIERCEFIELD AVENUE is 95m², which includes three extensions, according to the EPC inspection conducted in October 2020. 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 15 PIERCEFIELD AVENUE lies on this distribution: 28% of detached houses houses are smaller than 15 PIERCEFIELD AVENUE, and 71% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

15 PIERCEFIELD AVENUE: Plot and Title Map

15 PIERCEFIELD AVENUE sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 15 PIERCEFIELD 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 15 PIERCEFIELD 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 15 PIERCEFIELD AVENUE?

15 PIERCEFIELD AVENUE is located in CHEPSTOW, in the NP16 postcode district. The below map shows the position of No. 15 on PIERCEFIELD AVENUE.