4, GRASMERE WAY, CHEPSTOW, NP16 5SS - £325,000

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

4 GRASMERE WAY is a small extended detached house of 92m², built sometime between 1991 and 1995, which could now be worth an estimated £340,396. It was last sold for £325,000 in May 2023, which was around 30% below the average May 2023 detached price in the Monmouthshire local authority area. The most recent EPC inspection was December 2022, where the current energy rating was C, and the potential energy rating was B.

4 GRASMERE WAY Sold Prices

Land registry data shows two sales for 4 GRASMERE 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 4 GRASMERE 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
2023 19 MAY	£325,000	£465,038	30% below HPI
2003 17 OCT	£180,000	£209,090	14% below HPI

4 GRASMERE 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 4 GRASMERE WAY sales from October 2003 and May 2023 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 October 2003 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2023 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 4 GRASMERE WAY be worth now?

4 GRASMERE WAY might now be worth an estimated £340,396.

This is based on house price inflation of 4.7%, between May 2023 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 4.7% inflationary increase is applied to the most recent sale price for 4 GRASMERE WAY of £325,000 on 19th May 2023. For the value to have increased from £325,000 to £340,396 over the five months to December 2024, the following assumptions must hold true:

• The value of 4 GRASMERE WAY has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The May 2023 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 4 GRASMERE WAY has not materially changed since May 2023.

How Large is 4 GRASMERE WAY?

4 GRASMERE WAY is 92m², which includes one extension, according to the EPC inspection conducted in December 2022. This puts it in the smallest 30% 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 4 GRASMERE WAY lies on this distribution: 25% of detached houses houses are smaller than 4 GRASMERE WAY, and 73% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

4 GRASMERE WAY: Plot and Title Map

4 GRASMERE WAY sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 4 GRASMERE 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 4 GRASMERE 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 4 GRASMERE WAY?

4 GRASMERE WAY is located in CHEPSTOW, in the NP16 postcode district. The below map shows the position of No. 4 on GRASMERE WAY.