33, NORMANDY WAY, CHEPSTOW, NP16 5NB - £247,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

33 NORMANDY WAY is a very small detached house of 56m², built sometime between 1967 and 1975, which could now be worth an estimated £309,065. It was last sold for £247,500 in February 2020, which was around 37% below the average February 2020 detached price in the Monmouthshire local authority area. The most recent EPC inspection was August 2019, where the current energy rating was E, and the potential energy rating was B.

33 NORMANDY WAY Sold Prices

Land registry data shows two sales for 33 NORMANDY WAY 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 33 NORMANDY WAY 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
2020 12 FEB	£247,500	£393,991	37% below HPI
1999 20 DEC	£84,000	£116,164	28% below HPI

33 NORMANDY WAY 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 33 NORMANDY WAY sales from December 1999 and February 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 December 1999 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2020 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 33 NORMANDY WAY be worth now?

33 NORMANDY WAY might now be worth an estimated £309,065.

This is based on house price inflation of 24.9%, between February 2020 and February 2025, 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 24.9% inflationary increase is applied to the most recent sale price for 33 NORMANDY WAY of £247,500 on 12th February 2020. For the value to have increased from £247,500 to £309,065 over the five years to February 2025, the following assumptions must hold true:

• The value of 33 NORMANDY WAY has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The February 2020 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of 33 NORMANDY WAY has not materially changed since February 2020.

How Large is 33 NORMANDY WAY?

33 NORMANDY WAY is 56m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 10% 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 33 NORMANDY WAY lies on this distribution: 1% of detached houses houses are smaller than 33 NORMANDY WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

33 NORMANDY WAY: Plot and Title Map

33 NORMANDY WAY sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 33 NORMANDY WAY, 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 33 NORMANDY WAY). 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 33 NORMANDY WAY?

33 NORMANDY WAY is located in CHEPSTOW, in the NP16 postcode district. The below map shows the position of No. 33 on NORMANDY WAY.