2, THE MARTINS, TUTSHILL, CHEPSTOW, NP16 7DP - £270,000

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 THE MARTINS is a small extended detached house of 78m², built sometime between 1983 and 1990. It was last sold for £270,000 in March 2021, which was around 21% below the average March 2021 detached price in the Forest of Dean local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

2 THE MARTINS Sold Prices

Land registry data shows three sales for 2 THE MARTINS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. All of the three 2 THE MARTINS 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
2021 26 MAR	£270,000	£339,771	21% below HPI
2010 6 AUG	£145,000	£239,710	40% below HPI
1998 15 JUL	£77,950	£90,266	14% below HPI

2 THE MARTINS 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 three 2 THE MARTINS sales between July 1998 and March 2021 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 2010 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the March 2021 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 2 THE MARTINS?

2 THE MARTINS is 78m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 30% of detached houses in Sedbury, based on EPC data. The below chart shows the distribution of detached houses by size in Sedbury, and where 2 THE MARTINS lies on this distribution: 30% of detached houses are smaller than 2 THE MARTINS, and 69% of houses are larger. Note that EPC data is not available for all properties in Sedbury.

2 THE MARTINS: Plot and Title Map

2 THE MARTINS sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 2 THE MARTINS, 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 THE MARTINS). 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 THE MARTINS?

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