8, GRASMERE WAY, CHEPSTOW, NP16 5SS - £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

8 GRASMERE WAY is a midsized detached house of 107m², built sometime between 1991 and 1995. It was last sold for £325,000 in November 2017, which was around 7% below the average November 2017 detached price in the Monmouthshire local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

8 GRASMERE WAY Sold Prices

Land registry data shows four sales for 8 GRASMERE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. All of the four 8 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
2017 2 NOV	£325,000	£348,769	7% below HPI
2013 30 APR	£229,500	£277,957	17% below HPI
2003 24 OCT	£195,000	£208,661	7% below HPI
2001 19 DEC	£134,950	£148,850	9% below HPI

8 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 four 8 GRASMERE WAY sales between December 2001 and November 2017 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 April 2013 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the November 2017 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 8 GRASMERE WAY?

8 GRASMERE WAY is 107m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 50% of detached houses in Chepstow, based on EPC data. The below chart shows the distribution of detached houses by size in Chepstow, and where 8 GRASMERE WAY lies on this distribution: 41% of detached houses are smaller than 8 GRASMERE WAY, and 59% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

8 GRASMERE WAY: Plot and Title Map

8 GRASMERE WAY sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 8 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 8 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 8 GRASMERE WAY?

8 GRASMERE WAY is located in CHEPSTOW, in the NP16 postcode district. The below map shows the position of No. 8 on GRASMERE WAY.