MIRAFLORES, KINGSMARK LANE, CHEPSTOW, NP16 5LZ - £370,000

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

MIRAFLORES is a midsized extended detached house of 123m², built sometime between 2007 and 2011. It was last sold for £370,000 in November 2022, which was around 23% below the average November 2022 detached price in the Monmouthshire local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

MIRAFLORES Sold Prices

Land registry data shows two sales for MIRAFLORES 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 MIRAFLORES 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
2022 26 NOV	£370,000	£479,062	23% below HPI
2016 17 OCT	£300,000	£321,549	7% below HPI

MIRAFLORES 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 MIRAFLORES sales from October 2016 and November 2022 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 October 2016 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2022 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is MIRAFLORES?

MIRAFLORES is 123m², which includes one extension, according to the EPC inspection conducted in February 2021. This puts it in the largest 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 MIRAFLORES lies on this distribution: 57% of detached houses are smaller than MIRAFLORES, and 42% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

MIRAFLORES: Plot and Title Map

MIRAFLORES sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of MIRAFLORES, 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 MIRAFLORES). 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 MIRAFLORES?

MIRAFLORES is located on KINGSMARK LANE in CHEPSTOW, in the NP16 postcode district. The below map shows the position of MIRAFLORES on KINGSMARK LANE.