WELL COTTAGE, DEVAUDEN, CHEPSTOW, NP16 6NX - £475,000

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

WELL COTTAGE is a midsized extended detached house of 135m², built sometime before 1900, which could now be worth an estimated £662,397. It was last sold for £475,000 in December 2017, which was around 36% above the average December 2017 detached price in the Monmouthshire local authority area. The most recent EPC inspection was November 2022, where the current energy rating was E, and the potential energy rating was C.

WELL COTTAGE Sold Prices

Land registry data shows four sales for WELL COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. All of the four WELL 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
2017 20 DEC	£475,000	£349,273	36% above HPI
2010 10 DEC	£350,000	£280,903	25% above HPI
1998 30 OCT	£149,000	£111,060	34% above HPI
1997 5 SEP	£129,950	£102,021	27% above HPI

WELL 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 four WELL COTTAGE sales between September 1997 and December 2017 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 2010 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the December 2017 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might WELL COTTAGE be worth now?

WELL COTTAGE might now be worth an estimated £662,397.

This is based on house price inflation of 39.5%, between December 2017 and December 2024, 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 39.5% inflationary increase is applied to the most recent sale price for WELL COTTAGE of £475,000 on 20th December 2017. For the value to have increased from £475,000 to £662,397 over the seven years to December 2024, the following assumptions must hold true:

• The value of WELL COTTAGE has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The December 2017 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of WELL COTTAGE has not materially changed since December 2017.

How Large is WELL COTTAGE?

WELL COTTAGE is 135m², which includes four extensions, according to the EPC inspection conducted in November 2022. This puts it in the smallest 50% of detached houses houses in Devauden, based on EPC data. The below chart shows the distribution of detached houses houses by size in Devauden, and where WELL COTTAGE lies on this distribution: 42% of detached houses houses are smaller than WELL COTTAGE, and 58% of houses are larger. Note that EPC data is not available for all properties in Devauden.

WELL COTTAGE: Plot and Title Map

WELL COTTAGE sits on a plot of roughly 0.213 of an acre, or 864m². The below map shows the location of WELL 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 WELL 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 WELL COTTAGE?

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