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

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.

PROSPECT HOUSE is a large extended detached house of 153m², built sometime before 1900, which could now be worth an estimated £632,949. It was last sold for £470,000 in July 2018, which was around 56% 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	£300,761	56% above HPI
2015 10 AUG	£210,000	£241,961	13% 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 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2018 sale, where it rises to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might PROSPECT HOUSE be worth now?

PROSPECT HOUSE might now be worth an estimated £632,949.

This is based on house price inflation of 34.7%, between July 2018 and February 2025, for detached houses, in the Forest of Dean local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 34.7% inflationary increase is applied to the most recent sale price for PROSPECT HOUSE of £470,000 on 16th July 2018. For the value to have increased from £470,000 to £632,949 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of PROSPECT HOUSE has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The July 2018 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of PROSPECT HOUSE has not materially changed since July 2018.

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 30% of detached houses houses in Tutshill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tutshill, and where PROSPECT HOUSE lies on this distribution: 70% of detached houses 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.