WILLETS COTTAGES, COLEFORD ROAD, TUTSHILL, CHEPSTOW, NP16 7BW - £355,000

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

WILLETS COTTAGES is a very small extended detached house of 91m², built sometime between 1900 and 1929. It was last sold for £355,000 in March 2022, which was around 4% below the average March 2022 detached price in the Forest of Dean local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

WILLETS COTTAGES Sold Prices

Land registry data shows two sales for WILLETS COTTAGES 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. Both of the two WILLETS COTTAGES sales were 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
2022 3 MAR	£355,000	£371,710	4% below HPI
2019 20 AUG	£260,000	£319,280	19% below HPI

WILLETS COTTAGES 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 WILLETS COTTAGES sales from August 2019 and March 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 August 2019 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2022 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is WILLETS COTTAGES?

WILLETS COTTAGES is 91m², which includes two extensions, according to the EPC inspection conducted in April 2018. This puts it in the smallest 20% of detached houses in Tutshill, based on EPC data. The below chart shows the distribution of detached houses by size in Tutshill, and where WILLETS COTTAGES lies on this distribution: 16% of detached houses are smaller than WILLETS COTTAGES, and 84% of houses are larger. Note that EPC data is not available for all properties in Tutshill.

WILLETS COTTAGES: Plot and Title Map

WILLETS COTTAGES sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of WILLETS COTTAGES, 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 WILLETS COTTAGES). 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 WILLETS COTTAGES?

WILLETS COTTAGES is located on COLEFORD ROAD in TUTSHILL, in the NP16 postcode district. The below map shows the position of WILLETS COTTAGES on COLEFORD ROAD.