2, PIERMONT DRIVE, TUTSHILL, CHEPSTOW, NP16 7EB - £495,000

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

2 PIERMONT DRIVE is a very large extended detached house of 229m², built sometime between 2003 and 2006, which could now be worth an estimated £825,890. It was last sold for £495,000 in October 2005, which was around 116% above the average October 2005 detached price in the Forest of Dean local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was C.

2 PIERMONT DRIVE Sold Prices

Land registry data shows two sales for 2 PIERMONT DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. Both of the two 2 PIERMONT DRIVE 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
2005 3 OCT	£495,000	£228,968	116% above HPI
2004 8 JUL	£459,000	£207,543	121% above HPI

2 PIERMONT DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Forest of Dean local authority area over time, sourced from the HPI. The two 2 PIERMONT DRIVE sales from July 2004 and October 2005 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 July 2004 sale was for 121% above the HPI. So the extrapolation line tracks at 121% above the HPI over time, until the October 2005 sale, where it falls to 116% above the HPI. The line then continues to track at 116% above the HPI.

What might 2 PIERMONT DRIVE be worth now?

2 PIERMONT DRIVE might now be worth an estimated £825,890.

This is based on house price inflation of 66.8%, between October 2005 and December 2024, for detached houses, in the Forest of Dean local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66.8% inflationary increase is applied to the most recent sale price for 2 PIERMONT DRIVE of £495,000 on 3rd October 2005. For the value to have increased from £495,000 to £825,890 over the eighteen years and ten months to December 2024, the following assumptions must hold true:

• The value of 2 PIERMONT DRIVE has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The October 2005 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PIERMONT DRIVE has not materially changed since October 2005.

How Large is 2 PIERMONT DRIVE?

2 PIERMONT DRIVE is 229m², which includes three extensions, according to the EPC inspection conducted in August 2015. This puts it in the largest 10% of detached houses houses in Tutshill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tutshill, and where 2 PIERMONT DRIVE lies on this distribution: 95% of detached houses houses are smaller than 2 PIERMONT DRIVE, and 5% of houses are larger. Note that EPC data is not available for all properties in Tutshill.

2 PIERMONT DRIVE: Plot and Title Map

2 PIERMONT DRIVE sits on a plot of roughly 0.132 of an acre, or 535m². The below map shows the location of 2 PIERMONT DRIVE, 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 PIERMONT DRIVE). 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 PIERMONT DRIVE?

2 PIERMONT DRIVE is located in TUTSHILL, in the NP16 postcode district. The below map shows the position of No. 2 on PIERMONT DRIVE.