PROSPECT HOUSE, GLOUCESTER ROAD, TUTSHILL, CHEPSTOW, NP16 7DD - £470,000

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

PROSPECT HOUSE is a large extended detached house of 153m², built sometime before 1900. It was last sold for £470,000 in July 2018, which was around 55% above the average July 2018 detached price in the Forest of Dean local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was B.

PROSPECT HOUSE Sold Prices

Land registry data shows two sales for PROSPECT HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. One of the two PROSPECT HOUSE sales was for above the average price, whilst the other 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
2018 16 JUL	£470,000	£302,504	55% above HPI
2015 10 AUG	£210,000	£243,363	14% below HPI

PROSPECT HOUSE 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 two PROSPECT HOUSE sales from August 2015 and July 2018 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 August 2015 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the July 2018 sale, where it rises to 55% above the HPI. The line then continues to track at 55% above the HPI.

How Large is PROSPECT HOUSE?

PROSPECT HOUSE is 153m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the largest 40% of detached houses in Tutshill, based on EPC data. The below chart shows the distribution of detached houses by size in Tutshill, and where PROSPECT HOUSE lies on this distribution: 69% of detached houses are smaller than PROSPECT HOUSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Tutshill.

PROSPECT HOUSE: Plot and Title Map

PROSPECT HOUSE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of PROSPECT HOUSE, 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 PROSPECT HOUSE). 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 PROSPECT HOUSE?

PROSPECT HOUSE is located on GLOUCESTER ROAD in TUTSHILL, in the NP16 postcode district. The below map shows the position of PROSPECT HOUSE on GLOUCESTER ROAD.