MONTERAY, BEACHLEY ROAD, TUTSHILL, CHEPSTOW, NP16 7DJ - £475,000

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

MONTERAY is a very large extended detached house of 182m², built sometime between 1930 and 1949. It was last sold for £475,000 in February 2022, which was around 28% above the average February 2022 detached price in the Forest of Dean local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was C.

MONTERAY Sold Prices

Land registry data shows three sales for MONTERAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. Two of the three MONTERAY sales were for above the average price, whilst one was 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 4 FEB	£475,000	£369,910	28% above HPI
2015 16 JUN	£300,000	£240,945	25% above HPI
1997 26 NOV	£67,500	£83,021	19% below HPI

MONTERAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Forest of Dean local authority area over time, sourced from the HPI. The three MONTERAY sales between November 1997 and February 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 June 2015 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the February 2022 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is MONTERAY?

MONTERAY is 182m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the largest 20% of detached houses in Tutshill, based on EPC data. The below chart shows the distribution of detached houses by size in Tutshill, and where MONTERAY lies on this distribution: 80% of detached houses are smaller than MONTERAY, and 18% of houses are larger. Note that EPC data is not available for all properties in Tutshill.

MONTERAY: Plot and Title Map

MONTERAY sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of MONTERAY, 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 MONTERAY). 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 MONTERAY?

MONTERAY is located on BEACHLEY ROAD in TUTSHILL, in the NP16 postcode district. The below map shows the position of MONTERAY on BEACHLEY ROAD.