8, TURNPIKE CLOSE, CHEPSTOW, NP16 5SD - £201,000

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 TURNPIKE CLOSE is a very small extended detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £323,943. It was last sold for £201,000 in October 2014, which was around 34% below the average October 2014 detached price in the Monmouthshire local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was C.

8 TURNPIKE CLOSE Sold Prices

Land registry data shows two sales for 8 TURNPIKE CLOSE 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 8 TURNPIKE CLOSE 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
2014 16 OCT	£201,000	£305,273	34% below HPI
1996 17 MAY	£67,000	£90,739	26% below HPI

8 TURNPIKE CLOSE 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 8 TURNPIKE CLOSE sales from May 1996 and October 2014 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 May 1996 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2014 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 8 TURNPIKE CLOSE be worth now?

8 TURNPIKE CLOSE might now be worth an estimated £323,943.

This is based on house price inflation of 61.2%, between October 2014 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 61.2% inflationary increase is applied to the most recent sale price for 8 TURNPIKE CLOSE of £201,000 on 16th October 2014. For the value to have increased from £201,000 to £323,943 over the eleven years and eight months to February 2025, the following assumptions must hold true:

• The value of 8 TURNPIKE CLOSE has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The October 2014 sale price of £201,000 represented a fair market value for the property.
• The size, condition, and specification of 8 TURNPIKE CLOSE has not materially changed since October 2014.

How Large is 8 TURNPIKE CLOSE?

8 TURNPIKE CLOSE is 87m², which includes two extensions, according to the EPC inspection conducted in August 2014. This puts it in the smallest 20% 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 TURNPIKE CLOSE lies on this distribution: 20% of detached houses houses are smaller than 8 TURNPIKE CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

8 TURNPIKE CLOSE: Plot and Title Map

8 TURNPIKE CLOSE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 8 TURNPIKE CLOSE, 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 TURNPIKE CLOSE). 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 TURNPIKE CLOSE?

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