PRIORY COTTAGE, PWLLMEYRIC, CHEPSTOW, NP16 6LE - £425,000

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

PRIORY COTTAGE is a very small extended detached house of 114m², built sometime between 1950 and 1966. It was last sold for £425,000 in December 2020, which was around 1% above the average December 2020 detached price in the Monmouthshire local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

PRIORY COTTAGE Sold Prices

Land registry data shows three sales for PRIORY 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. All of the three PRIORY COTTAGE 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 22 DEC	£425,000	£422,620	1% above HPI
2014 11 DEC	£335,000	£305,112	10% above HPI
2014 12 MAR	£325,000	£275,846	18% above HPI

PRIORY 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 PRIORY COTTAGE sales between March 2014 and December 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 December 2014 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the December 2020 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is PRIORY COTTAGE?

PRIORY COTTAGE is 114m², which includes four extensions, according to the EPC inspection conducted in August 2020. This puts it in the smallest 20% of detached houses in Pwllmeyric, based on EPC data. The below chart shows the distribution of detached houses by size in Pwllmeyric, and where PRIORY COTTAGE lies on this distribution: 12% of detached houses are smaller than PRIORY COTTAGE, and 85% of houses are larger. Note that EPC data is not available for all properties in Pwllmeyric.

PRIORY COTTAGE: Plot and Title Map

PRIORY COTTAGE sits on a plot of roughly 0.193 of an acre, or 781m². The below map shows the location of PRIORY 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 PRIORY 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 PRIORY COTTAGE?

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