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House Prices in NP16

The average house price in NP16 (Chepstow) is £296,607 using HM Land Registry data.

The average property price increased by £49,236 (38.38%) over the last 5 years and increased by £9,843 (5.34%) over the last 12 months.

Over the last year, there were 245 residential property sales – a decrease of 168 transactions (-68.57%) relative to the previous year. The majority of house sales (81) were in the £210,000 - £294,000 range. Then came properties in the £294,000 - £378,000 range, where 66 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,908 (-2%).

In June 2024, there were 76 new estate agency instructions, 35 agreed home sales and 32 property price reductions.

5-Year Average Property Prices in NP16 (Chepstow)

38.38%

Property prices in Chepstow increased by 38.38% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in NP16 (Chepstow) Over the Last Year

5.34%

Property prices in Chepstow increased by 5.34% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for NP16 (Chepstow) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in NP16 (Chepstow)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in NP16 (Chepstow)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in NP16 (Chepstow)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the NP16 (Chepstow) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NP16 postcode area since 1995.

Recent Sales in NP16 (Chepstow)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
34 Bulwark Road, Bulwark, Chepstow, Monmouthshire, NP16 5JQ	£239,950	£235,000	-£4,950	16 Feb 2024	15 May 2024	89 Days
131 St Lawrence Park, Chepstow, Monmouthshire, NP16 6DQ	£490,000	£490,000	£00	17 Jan 2024	02 May 2024	106 Days
5 Rockwood Road, Chepstow, Monmouthshire, NP16 5DT	£234,950	£234,950	£00	17 Feb 2024	02 May 2024	75 Days
31 Valentine Lane, Chepstow, Monmouthshire, NP16 5TH	£250,000	£243,500	-£6,500	03 Nov 2023	19 Apr 2024	168 Days
5 Wirewood Close, Tutshill, Chepstow, Gloucestershire, NP16 7BY	£385,000	£377,000	-£8,000	23 Jan 2024	05 Apr 2024	73 Days
12 Wyebank Rise, Tutshill, Chepstow, Gloucestershire, NP16 7DS	£245,000	£235,000	-£10,000	26 Sep 2023	25 Mar 2024	181 Days
4 Piercefield Terrace, St Arvans, Chepstow, Monmouthshire, NP16 6EW	£299,950	£299,950	£00	27 Oct 2023	22 Mar 2024	147 Days
38 Severn Crescent, Chepstow, Monmouthshire, NP16 5EA	£325,000	£320,000	-£5,000	21 Oct 2023	19 Mar 2024	150 Days
Corner Cottage, Catbrook Road, Catbrook, Chepstow, Monmouthshire, NP16 6NQ	£615,000	£600,000	-£15,000	12 Jul 2023	15 Mar 2024	247 Days
44 Woolpitch Wood, Chepstow, Monmouthshire, NP16 6DW	£300,000	£290,000	-£10,000	31 Aug 2023	12 Mar 2024	194 Days
11 Yew Tree Wood, Chepstow, Monmouthshire, NP16 6AZ	£314,950	£300,000	-£14,950	29 Jul 2023	11 Mar 2024	226 Days
40 Channel View, Bulwark, Chepstow, Monmouthshire, NP16 5AH	£220,000	£210,000	-£10,000	24 Apr 2023	03 Mar 2024	314 Days
65 Beachley Road, Sedbury, Chepstow, Gloucestershire, NP16 7AA	£235,000	£220,000	-£15,000	02 Nov 2023	01 Mar 2024	120 Days
21 Hollins Close, Chepstow, Monmouthshire, NP16 5HY	£179,950	£178,000	-£1,950	31 Oct 2023	23 Feb 2024	115 Days
5 Wyebank Place, Tutshill, Chepstow, Gloucestershire, NP16 7EU	£250,000	£250,000	£00	27 Oct 2023	16 Feb 2024	112 Days
12 Hughes Crescent, Chepstow, Monmouthshire, NP16 5DY	£279,950	£279,950	£00	23 Oct 2023	16 Feb 2024	116 Days
7 St Maur Gardens, Chepstow, Monmouthshire, NP16 5LT	£350,000	£305,000	-£45,000	11 Sep 2023	16 Feb 2024	158 Days
16 Queens Road, Bulwark, Chepstow, Monmouthshire, NP16 5AL	£280,000	£280,000	£00	10 Oct 2023	13 Feb 2024	126 Days
23 Wyebank Road, Tutshill, Chepstow, Gloucestershire, NP16 7ER	£269,950	£269,950	£00	21 Sep 2023	13 Feb 2024	145 Days
99 Aust Crescent, Bulwark, Chepstow, Monmouthshire, NP16 5NL	£265,000	£258,000	-£7,000	24 Jan 2023	13 Feb 2024	385 Days

Most Expensive Streets in NP16 (Chepstow)

Postcode	Street	Area	Average	No. of Sales
NP16 6AR	Earlswood	Chepstow	£1,081,666	3
NP16 7JN	Tidenham Chase	Chepstow	£989,833	3
NP16 6LN	Shirenewton	Chepstow	£825,000	3
NP16 7BU	Coleford Road, Tutshill	Chepstow	£789,700	5
NP16 6QT	Llanishen	Chepstow	£770,000	3
NP16 6QS	Llanishen	Chepstow	£724,000	4
NP16 6LA	Pwllmeyric	Chepstow	£721,000	6
NP16 6LW	Court House Road, Llanvair Discoed	Chepstow	£706,666	3
NP16 6NQ	Catbrook Road, Catbrook	Chepstow	£703,333	3
NP16 6RG	Shirenewton	Chepstow	£703,333	3

Least Expensive Streets in NP16 (Chepstow)

Postcode	Street	Area	Average	No. of Sales
NP16 7FB	Cross Keys Court, Coleford Road	Chepstow	£118,390	5
NP16 5QE	Meads Court, Bulwark	Chepstow	£122,575	6
NP16 5HQ	Gwy Court, Bridge Street, Chepstow	Chepstow	£140,875	4
NP16 5HY	Hollins Close	Chepstow	£143,666	3
NP16 5HS	Riverside Mill, The Back	Chepstow	£154,237	4
NP16 5EF	Restway Wall, Garden City Way	Chepstow	£170,904	11
NP16 7GA	The Beeches, Ormerod Road	Chepstow	£172,293	8
NP16 5QR	Middle Way, Bulwark	Chepstow	£177,666	3
NP16 5SP	Summerhouse Lane	Chepstow	£185,438	6
NP16 5BZ	School Hill	Chepstow	£194,993	8