2, THE SMITHY, DEVAUDEN, CHEPSTOW, NP16 6QA - £373,500

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 THE SMITHY is a very large extended detached house of 171m², built sometime between 1991 and 1995, which could now be worth an estimated £564,599. It was last sold for £373,500 in October 2016, which was around 16% above the average October 2016 detached price in the Monmouthshire local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

2 THE SMITHY Sold Prices

Land registry data shows two sales for 2 THE SMITHY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. Both of the two 2 THE SMITHY 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
2016 26 OCT	£373,500	£322,211	16% above HPI
2013 28 MAY	£350,000	£279,923	25% above HPI

2 THE SMITHY 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 two 2 THE SMITHY sales from May 2013 and October 2016 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 May 2013 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the October 2016 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 2 THE SMITHY be worth now?

2 THE SMITHY might now be worth an estimated £564,599.

This is based on house price inflation of 51.2%, between October 2016 and December 2024, 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 51.2% inflationary increase is applied to the most recent sale price for 2 THE SMITHY of £373,500 on 26th October 2016. For the value to have increased from £373,500 to £564,599 over the seven years and ten months to December 2024, the following assumptions must hold true:

• The value of 2 THE SMITHY has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The October 2016 sale price of £373,500 represented a fair market value for the property.
• The size, condition, and specification of 2 THE SMITHY has not materially changed since October 2016.

How Large is 2 THE SMITHY?

2 THE SMITHY is 171m², which includes two extensions, according to the EPC inspection conducted in September 2021. This puts it in the largest 20% of detached houses houses in Devauden, based on EPC data. The below chart shows the distribution of detached houses houses by size in Devauden, and where 2 THE SMITHY lies on this distribution: 81% of detached houses houses are smaller than 2 THE SMITHY, and 19% of houses are larger. Note that EPC data is not available for all properties in Devauden.

2 THE SMITHY: Plot and Title Map

2 THE SMITHY sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of 2 THE SMITHY, 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 SMITHY). 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 SMITHY?

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