2, LANCASTER WAY, CHEPSTOW, NP16 5SJ - £390,000

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

2 LANCASTER WAY is a small detached house of 89m², built sometime between 1976 and 1982. It was last sold for £390,000 in March 2023, which was around 19% below the average March 2023 detached price in the Monmouthshire local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

2 LANCASTER WAY Sold Prices

Land registry data shows seven sales for 2 LANCASTER WAY since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. All of the seven 2 LANCASTER WAY 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
2023 10 MAR	£390,000	£480,565	19% below HPI
2022 24 OCT	£395,000	£481,807	18% below HPI
2017 13 NOV	£295,000	£348,769	15% below HPI
2015 29 JUN	£241,000	£292,829	18% below HPI
2005 11 MAR	£215,000	£256,335	16% below HPI
2003 8 SEP	£165,000	£205,431	20% below HPI
1998 7 MAY	£86,500	£100,816	14% below HPI

2 LANCASTER WAY 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 seven 2 LANCASTER WAY sales between May 1998 and March 2023 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 2022 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the March 2023 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 2 LANCASTER WAY?

2 LANCASTER WAY is 89m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 30% of detached houses in Chepstow, based on EPC data. The below chart shows the distribution of detached houses by size in Chepstow, and where 2 LANCASTER WAY lies on this distribution: 22% of detached houses are smaller than 2 LANCASTER WAY, and 77% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

2 LANCASTER WAY: Plot and Title Map

2 LANCASTER WAY sits on a plot of roughly 0.063 of an acre, or 257m². The below map shows the location of 2 LANCASTER WAY, 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 LANCASTER WAY). 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 LANCASTER WAY?

2 LANCASTER WAY is located in CHEPSTOW, in the NP16 postcode district. The below map shows the position of No. 2 on LANCASTER WAY.