MEYRIC COTTAGE, PWLLMEYRIC, CHEPSTOW, NP16 6LA - £220,000

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.

MEYRIC COTTAGE is a very small extended detached house of 79m², built sometime before 1900, which could now be worth an estimated £385,449. It was last sold for £220,000 in May 2014, which was around 22% below the average May 2014 detached price in the Monmouthshire local authority area. The most recent EPC inspection was May 2011, where the current energy rating was F, and the potential energy rating was E.

MEYRIC COTTAGE Sold Prices

Land registry data shows three sales for MEYRIC COTTAGE 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. Two of the three MEYRIC COTTAGE sales were for below the average price, whilst one was 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
2014 30 MAY	£220,000	£280,813	22% below HPI
2003 16 MAY	£199,000	£196,093	1% above HPI
2001 15 JUN	£95,000	£146,129	35% below HPI

MEYRIC COTTAGE 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 MEYRIC COTTAGE sales between June 2001 and May 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 2003 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the May 2014 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might MEYRIC COTTAGE be worth now?

MEYRIC COTTAGE might now be worth an estimated £385,449.

This is based on house price inflation of 75.2%, between May 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 75.2% inflationary increase is applied to the most recent sale price for MEYRIC COTTAGE of £220,000 on 30th May 2014. For the value to have increased from £220,000 to £385,449 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of MEYRIC COTTAGE has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The May 2014 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of MEYRIC COTTAGE has not materially changed since May 2014.

How Large is MEYRIC COTTAGE?

MEYRIC COTTAGE is 79m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the smallest 10% of detached houses houses in Pwllmeyric, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pwllmeyric, and where MEYRIC COTTAGE lies on this distribution: Less than 1% of detached houses houses are smaller than MEYRIC COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Pwllmeyric.

MEYRIC COTTAGE: Plot and Title Map

MEYRIC COTTAGE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of MEYRIC COTTAGE, 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 MEYRIC COTTAGE). 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 MEYRIC COTTAGE?

MEYRIC COTTAGE is located in PWLLMEYRIC, in the NP16 postcode district. The below map shows the position of MEYRIC COTTAGE in PWLLMEYRIC.