2, WELL CLOSE, CHEPSTOW, NP16 5RZ - £280,000

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 WELL CLOSE is a small extended detached house of 96m², built sometime between 1991 and 1995. It was last sold for £280,000 in February 2021, which was around 33% below the average February 2021 detached price in the Monmouthshire 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 WELL CLOSE Sold Prices

Land registry data shows three sales for 2 WELL 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 WELL 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
2021 12 FEB	£280,000	£418,998	33% below HPI
2020 23 SEP	£290,000	£410,972	29% below HPI
2017 28 APR	£222,000	£334,556	34% below HPI

2 WELL 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 WELL CLOSE sales between April 2017 and February 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 September 2020 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the February 2021 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 2 WELL CLOSE be worth now?

2 WELL CLOSE might now be worth an estimated £325,489.

This is based on house price inflation of 16.2%, between February 2021 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 16.2% inflationary increase is applied to the most recent sale price for 2 WELL CLOSE of £280,000 on 12th February 2021. For the value to have increased from £280,000 to £325,489 over the two years and two months to December 2024, the following assumptions must hold true:

• The value of 2 WELL CLOSE has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The February 2021 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WELL CLOSE has not materially changed since February 2021.

How Large is 2 WELL CLOSE?

2 WELL CLOSE is 96m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 30% 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 WELL CLOSE lies on this distribution: 30% of detached houses houses are smaller than 2 WELL CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

2 WELL CLOSE: Plot and Title Map

2 WELL CLOSE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 2 WELL 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 WELL 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 WELL CLOSE?

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