3, WELL CLOSE, CHEPSTOW, NP16 5RZ - £325,000

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

3 WELL CLOSE is a small extended detached house of 97m², built sometime between 1991 and 1995. It was last sold for £325,000 in January 2024, which was around 31% below the average January 2024 detached price in the Monmouthshire local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

3 WELL CLOSE Sold Prices

Land registry data shows two sales for 3 WELL CLOSE 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 3 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
2024 12 JAN	£325,000	£469,260	31% below HPI
1999 17 DEC	£83,000	£115,926	28% below HPI

3 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 two 3 WELL CLOSE sales from December 1999 and January 2024 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 December 1999 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the January 2024 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 3 WELL CLOSE?

3 WELL CLOSE is 97m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the smallest 40% of detached houses in Chepstow, based on EPC data. The below chart shows the distribution of detached houses by size in Chepstow, and where 3 WELL CLOSE lies on this distribution: 31% of detached houses are smaller than 3 WELL CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

3 WELL CLOSE: Plot and Title Map

3 WELL CLOSE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 3 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 3 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 3 WELL CLOSE?

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