38, THE MARTINS, TUTSHILL, CHEPSTOW, NP16 7DP - £320,000

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

38 THE MARTINS is a midsized extended detached house of 91m², built sometime between 1991 and 1995, which could now be worth an estimated £325,949. It was last sold for £320,000 in April 2024, which was around 15% below the average April 2024 detached price in the Forest of Dean local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was B.

38 THE MARTINS Sold Prices

Land registry data shows two sales for 38 THE MARTINS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. Both of the two 38 THE MARTINS 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 2 APR	£320,000	£375,052	15% below HPI
1995 6 NOV	£68,000	£72,095	6% below HPI

38 THE MARTINS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Forest of Dean local authority area over time, sourced from the HPI. The two 38 THE MARTINS sales from November 1995 and April 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 November 1995 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the April 2024 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 38 THE MARTINS be worth now?

38 THE MARTINS might now be worth an estimated £325,949.

This is based on house price inflation of 1.9%, between April 2024 and December 2024, for detached houses, in the Forest of Dean local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.9% inflationary increase is applied to the most recent sale price for 38 THE MARTINS of £320,000 on 2nd April 2024. For the value to have increased from £320,000 to £325,949 over the four months to December 2024, the following assumptions must hold true:

• The value of 38 THE MARTINS has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The April 2024 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 38 THE MARTINS has not materially changed since April 2024.

How Large is 38 THE MARTINS?

38 THE MARTINS is 91m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the largest 50% of detached houses houses in Sedbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sedbury, and where 38 THE MARTINS lies on this distribution: 59% of detached houses houses are smaller than 38 THE MARTINS, and 40% of houses are larger. Note that EPC data is not available for all properties in Sedbury.

38 THE MARTINS: Plot and Title Map

38 THE MARTINS sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 38 THE MARTINS, 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 38 THE MARTINS). 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 38 THE MARTINS?

38 THE MARTINS is located in TUTSHILL, in the NP16 postcode district. The below map shows the position of No. 38 on THE MARTINS.