31, CHESTNUT CLOSE, MACHEN, CAERPHILLY, CF83 8LF - £235,000

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

31 CHESTNUT CLOSE is a midsized extended detached house of 123m², built sometime between 1996 and 2002. It was last sold for £235,000 in July 2020, which was around 7% above the average July 2020 detached price in the Caerphilly local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

31 CHESTNUT CLOSE Sold Prices

Land registry data shows two sales for 31 CHESTNUT 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 Caerphilly local authority area for the corresponding sale date. Both of the two 31 CHESTNUT CLOSE 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
2020 15 JUL	£235,000	£219,092	7% above HPI
1997 23 MAY	£73,500	£65,804	12% above HPI

31 CHESTNUT CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Caerphilly local authority area over time, sourced from the HPI. The two 31 CHESTNUT CLOSE sales from May 1997 and July 2020 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 1997 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the July 2020 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 31 CHESTNUT CLOSE be worth now?

31 CHESTNUT CLOSE might now be worth an estimated £332,009.

This is based on house price inflation of 41.3%, between July 2020 and December 2024, for detached houses, in the Caerphilly local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 41.3% inflationary increase is applied to the most recent sale price for 31 CHESTNUT CLOSE of £235,000 on 15th July 2020. For the value to have increased from £235,000 to £332,009 over the three years and seven months to December 2024, the following assumptions must hold true:

• The value of 31 CHESTNUT CLOSE has moved in line with the HPI for detached houses in the Caerphilly local authority area.
• The July 2020 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 31 CHESTNUT CLOSE has not materially changed since July 2020.

How Large is 31 CHESTNUT CLOSE?

31 CHESTNUT CLOSE is 123m², which includes one extension, according to the EPC inspection conducted in May 2010. This puts it in the largest 50% of detached houses houses in Machen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Machen, and where 31 CHESTNUT CLOSE lies on this distribution: 52% of detached houses houses are smaller than 31 CHESTNUT CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Machen.

31 CHESTNUT CLOSE: Plot and Title Map

31 CHESTNUT CLOSE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 31 CHESTNUT 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 31 CHESTNUT 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 31 CHESTNUT CLOSE?

31 CHESTNUT CLOSE is located in MACHEN, in the CF83 postcode district. The below map shows the position of No. 31 on CHESTNUT CLOSE.