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

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 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	£418,138	33% below HPI
2020 23 SEP	£290,000	£410,128	29% below HPI
2017 28 APR	£222,000	£333,869	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.

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 in Chepstow, based on EPC data. The below chart shows the distribution of detached houses by size in Chepstow, and where 2 WELL CLOSE lies on this distribution: 29% of detached houses are smaller than 2 WELL CLOSE, and 70% 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.