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

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.

8 GRASMERE WAY is a midsized detached house of 107m², built sometime between 1991 and 1995, which could now be worth an estimated £457,524. 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	£349,487	7% below HPI
2013 30 APR	£229,500	£278,529	18% below HPI
2003 24 OCT	£195,000	£209,090	7% below HPI
2001 19 DEC	£134,950	£149,156	10% 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 18% below the HPI. So the extrapolation line tracks at 18% 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.

What might 8 GRASMERE WAY be worth now?

8 GRASMERE WAY might now be worth an estimated £457,524.

This is based on house price inflation of 40.8%, between November 2017 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 40.8% inflationary increase is applied to the most recent sale price for 8 GRASMERE WAY of £325,000 on 2nd November 2017. For the value to have increased from £325,000 to £457,524 over the eight years and nine months to February 2025, the following assumptions must hold true:

• The value of 8 GRASMERE WAY has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The November 2017 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GRASMERE WAY has not materially changed since November 2017.

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 houses in Chepstow, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chepstow, and where 8 GRASMERE WAY lies on this distribution: 41% of detached houses 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.