16, PRESTON CLOSE, CHEPSTOW, NP16 5TB - £305,000

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

16 PRESTON CLOSE is a very small detached house of 73m², built sometime between 1991 and 1995. It was last sold for £305,000 in February 2022, which was around 32% below the average February 2022 detached price in the Monmouthshire local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

16 PRESTON CLOSE Sold Prices

Land registry data shows five sales for 16 PRESTON CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. All of the five 16 PRESTON 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
2022 14 FEB	£305,000	£446,022	32% below HPI
2015 28 AUG	£190,000	£299,207	36% below HPI
2007 30 MAR	£185,000	£280,600	34% below HPI
2001 28 JUN	£103,000	£145,829	29% below HPI
1998 10 DEC	£78,000	£110,440	29% below HPI

16 PRESTON 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 five 16 PRESTON CLOSE sales between December 1998 and February 2022 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 August 2015 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the February 2022 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 16 PRESTON CLOSE?

16 PRESTON CLOSE is 73m² according to the EPC inspection conducted in May 2014. 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 16 PRESTON CLOSE lies on this distribution: 6% of detached houses are smaller than 16 PRESTON CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

16 PRESTON CLOSE: Plot and Title Map

16 PRESTON CLOSE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 16 PRESTON 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 16 PRESTON 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 16 PRESTON CLOSE?

16 PRESTON CLOSE is located in CHEPSTOW, in the NP16 postcode district. The below map shows the position of No. 16 on PRESTON CLOSE.