FOREST EDGE, DEVAUDEN, CHEPSTOW, NP16 6NX - £450,000

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

FOREST EDGE is a very small extended detached house of 116m², built sometime between 1983 and 1990, which could now be worth an estimated £537,513. It was last sold for £450,000 in November 2020, which was around 10% above the average November 2020 detached price in the Monmouthshire local authority area. The most recent EPC inspection was September 2024, where the current energy rating was E, and the potential energy rating was D.

FOREST EDGE Sold Prices

Land registry data shows three sales for FOREST EDGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. All of the three FOREST EDGE sales were for above 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
2020 16 NOV	£450,000	£407,768	10% above HPI
2010 19 JUL	£350,000	£274,186	28% above HPI
1997 18 AUG	£129,950	£101,324	28% above HPI

FOREST EDGE 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 three FOREST EDGE sales between August 1997 and November 2020 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 July 2010 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the November 2020 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might FOREST EDGE be worth now?

FOREST EDGE might now be worth an estimated £537,513.

This is based on house price inflation of 19.4%, between November 2020 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 19.4% inflationary increase is applied to the most recent sale price for FOREST EDGE of £450,000 on 16th November 2020. For the value to have increased from £450,000 to £537,513 over the three years and eleven months to December 2024, the following assumptions must hold true:

• The value of FOREST EDGE has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The November 2020 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of FOREST EDGE has not materially changed since November 2020.

How Large is FOREST EDGE?

FOREST EDGE is 116m², which includes three extensions, according to the EPC inspection conducted in September 2024. This puts it in the smallest 10% of detached houses houses in Devauden, based on EPC data. The below chart shows the distribution of detached houses houses by size in Devauden, and where FOREST EDGE lies on this distribution: 10% of detached houses houses are smaller than FOREST EDGE, and 87% of houses are larger. Note that EPC data is not available for all properties in Devauden.

FOREST EDGE: Plot and Title Map

FOREST EDGE sits on a plot of roughly 0.149 of an acre, or 602m². The below map shows the location of FOREST EDGE, 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 FOREST EDGE). 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 FOREST EDGE?

FOREST EDGE is located in DEVAUDEN, in the NP16 postcode district. The below map shows the position of FOREST EDGE in DEVAUDEN.