2, HOPEWELL CLOSE, BULWARK, CHEPSTOW, NP16 5ST - £224,000

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.

2 HOPEWELL CLOSE is a midsized detached house of 125m², built sometime between 1991 and 1995, which could now be worth an estimated £375,581. It was last sold for £224,000 in June 2015, which was around 24% below the average June 2015 detached price in the Monmouthshire local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

2 HOPEWELL CLOSE Sold Prices

Land registry data shows three sales for 2 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 2 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
2015 30 JUN	£224,000	£293,431	24% below HPI
2004 24 JUN	£216,500	£235,635	8% below HPI
2002 12 JUL	£140,000	£170,712	18% below HPI

2 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 2 HOPEWELL CLOSE sales between July 2002 and June 2015 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 June 2004 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the June 2015 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 2 HOPEWELL CLOSE be worth now?

2 HOPEWELL CLOSE might now be worth an estimated £375,581.

This is based on house price inflation of 67.7%, between June 2015 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 67.7% inflationary increase is applied to the most recent sale price for 2 HOPEWELL CLOSE of £224,000 on 30th June 2015. For the value to have increased from £224,000 to £375,581 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of 2 HOPEWELL CLOSE has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The June 2015 sale price of £224,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HOPEWELL CLOSE has not materially changed since June 2015.

How Large is 2 HOPEWELL CLOSE?

2 HOPEWELL CLOSE is 125m² according to the EPC inspection conducted in May 2022. This puts it in the largest 50% 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 2 HOPEWELL CLOSE lies on this distribution: 58% of detached houses houses are smaller than 2 HOPEWELL CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

2 HOPEWELL CLOSE: Plot and Title Map

2 HOPEWELL CLOSE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 2 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 2 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 2 HOPEWELL CLOSE?

2 HOPEWELL CLOSE is located in BULWARK, in the NP16 postcode district. The below map shows the position of No. 2 on HOPEWELL CLOSE.