3, OAKFIELD AVENUE, CHEPSTOW, NP16 5NE - £365,000

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

3 OAKFIELD AVENUE is a small detached house of 104m², built sometime between 1950 and 1966. It was last sold for £365,000 in June 2021, which was around 11% below the average June 2021 detached price in the Monmouthshire local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was B.

3 OAKFIELD AVENUE Sold Prices

Land registry data shows three sales for 3 OAKFIELD AVENUE 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 3 OAKFIELD AVENUE 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 29 JUN	£365,000	£411,447	11% below HPI
2005 24 JUN	£245,000	£258,941	5% below HPI
2001 16 JAN	£127,000	£132,916	4% below HPI

3 OAKFIELD AVENUE 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 3 OAKFIELD AVENUE sales between January 2001 and June 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 June 2005 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 3 OAKFIELD AVENUE be worth now?

3 OAKFIELD AVENUE might now be worth an estimated £432,084.

This is based on house price inflation of 18.4%, between June 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 18.4% inflationary increase is applied to the most recent sale price for 3 OAKFIELD AVENUE of £365,000 on 29th June 2021. For the value to have increased from £365,000 to £432,084 over the two years and six months to December 2024, the following assumptions must hold true:

• The value of 3 OAKFIELD AVENUE has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The June 2021 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OAKFIELD AVENUE has not materially changed since June 2021.

How Large is 3 OAKFIELD AVENUE?

3 OAKFIELD AVENUE is 104m² according to the EPC inspection conducted in January 2021. This puts it in the smallest 40% 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 3 OAKFIELD AVENUE lies on this distribution: 37% of detached houses houses are smaller than 3 OAKFIELD AVENUE, and 62% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

3 OAKFIELD AVENUE: Plot and Title Map

3 OAKFIELD AVENUE sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of 3 OAKFIELD AVENUE, 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 3 OAKFIELD AVENUE). 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 3 OAKFIELD AVENUE?

3 OAKFIELD AVENUE is located in CHEPSTOW, in the NP16 postcode district. The below map shows the position of No. 3 on OAKFIELD AVENUE.