SPRING HOUSE, PWLLMEYRIC, CHEPSTOW, NP16 6LA - £464,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

SPRING HOUSE is a very small extended detached house of 114m², built sometime between 1991 and 1995, which could now be worth an estimated £498,604. It was last sold for £464,000 in June 2022, which was around 1% above the average June 2022 detached price in the Monmouthshire local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

SPRING HOUSE Sold Prices

Land registry data shows two sales for SPRING 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 Monmouthshire local authority area for the corresponding sale date. Both of the two SPRING HOUSE 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
2022 24 JUN	£464,000	£457,851	1% above HPI
2006 11 APR	£320,000	£267,052	20% above HPI

SPRING HOUSE 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 SPRING HOUSE sales from April 2006 and June 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 April 2006 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the June 2022 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might SPRING HOUSE be worth now?

SPRING HOUSE might now be worth an estimated £498,604.

This is based on house price inflation of 7.5%, between June 2022 and February 2025, for detached houses, in the Monmouthshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.5% inflationary increase is applied to the most recent sale price for SPRING HOUSE of £464,000 on 24th June 2022. For the value to have increased from £464,000 to £498,604 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of SPRING HOUSE has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The June 2022 sale price of £464,000 represented a fair market value for the property.
• The size, condition, and specification of SPRING HOUSE has not materially changed since June 2022.

How Large is SPRING HOUSE?

SPRING HOUSE is 114m², which includes three extensions, according to the EPC inspection conducted in September 2017. This puts it in the smallest 20% of detached houses houses in Pwllmeyric, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pwllmeyric, and where SPRING HOUSE lies on this distribution: 11% of detached houses houses are smaller than SPRING HOUSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Pwllmeyric.

SPRING HOUSE: Plot and Title Map

SPRING HOUSE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of SPRING 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 SPRING 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 SPRING HOUSE?

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