16, PARVA SPRINGS, TINTERN, CHEPSTOW, NP16 6TY - £295,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 PARVA SPRINGS is a midsized extended detached house of 141m², built sometime between 1950 and 1966, which could now be worth an estimated £541,615. It was last sold for £295,000 in January 2010, which was around 10% above the average January 2010 detached price in the Monmouthshire local authority area. The most recent EPC inspection was May 2009, where the current energy rating was E, and the potential energy rating was D.

16 PARVA SPRINGS Sold Prices

Land registry data shows two sales for 16 PARVA SPRINGS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. Both of the two 16 PARVA SPRINGS sales were for above 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
2010 15 JAN	£295,000	£267,974	10% above HPI
2002 9 OCT	£205,000	£181,435	13% above HPI

16 PARVA SPRINGS 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 two 16 PARVA SPRINGS sales from October 2002 and January 2010 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 October 2002 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the January 2010 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 16 PARVA SPRINGS be worth now?

16 PARVA SPRINGS might now be worth an estimated £541,615.

This is based on house price inflation of 83.6%, between January 2010 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 83.6% inflationary increase is applied to the most recent sale price for 16 PARVA SPRINGS of £295,000 on 15th January 2010. For the value to have increased from £295,000 to £541,615 over the fourteen years and eleven months to February 2025, the following assumptions must hold true:

• The value of 16 PARVA SPRINGS has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The January 2010 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 16 PARVA SPRINGS has not materially changed since January 2010.

How Large is 16 PARVA SPRINGS?

16 PARVA SPRINGS is 141m², which includes two extensions, according to the EPC inspection conducted in May 2009. This puts it in the largest 50% of detached houses houses in Tintern, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tintern, and where 16 PARVA SPRINGS lies on this distribution: 56% of detached houses houses are smaller than 16 PARVA SPRINGS, and 44% of houses are larger. Note that EPC data is not available for all properties in Tintern.

16 PARVA SPRINGS: Plot and Title Map

16 PARVA SPRINGS sits on a plot of roughly 0.134 of an acre, or 543m². The below map shows the location of 16 PARVA SPRINGS, 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 16 PARVA SPRINGS). 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 16 PARVA SPRINGS?

16 PARVA SPRINGS is located in TINTERN, in the NP16 postcode district. The below map shows the position of No. 16 on PARVA SPRINGS.