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House Prices in NP16 House Prices in NP16 (Chepstow)

The average house price in NP16 (Chepstow) is £424,777 using HM Land Registry data.

The average property price increased by £40,390 (38.38%) over the last 5 years and increased by £8,093 (5.34%) over the last 12 months.

Over the last year, there were 233 residential property sales – a decrease of 82 transactions (-35.19%) relative to the previous year. The majority of house sales (66) were in the £210,000 - £284,000 range. Then came properties in the £284,000 - £358,000 range, where 53 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 82 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,908 (-2%).

In Oct 24, there were 54 new estate agency instructions, 47 agreed home sales and 33 property price reductions.

Nearby Postcodes: GL13, GL14, GL15, GL16, HR2, HR9, NP15, NP18, NP19, NP25, NP26, NP4, NP44, NP7

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.

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).

Property Market Heat Gauge for NP16 (Chepstow) - Oct 24

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
29 Burnt Barn Road, Bulwark, Chepstow, Monmouthshire, NP16 5AR£249,950£247,500-£2,45021 Aug 202316 Aug 2024361 Days
56 Bigstone Meadow, Tutshill, Chepstow, Gloucestershire, NP16 7JU£319,950£305,000-£14,95009 Apr 202402 Aug 2024115 Days
32 Bigstone Meadow, Tutshill, Chepstow, Gloucestershire, NP16 7JU£350,000£330,000-£20,00016 Apr 202426 Jul 2024101 Days
16 Laurel Park, St Arvans, Chepstow, Monmouthshire, NP16 6ED£435,000£433,000-£2,00022 Mar 202425 Jul 2024125 Days
25 Beech Grove, Chepstow, Monmouthshire, NP16 5BD£425,000£400,000-£25,00020 Mar 202424 Jul 2024126 Days
3 Lewis Way, Chepstow, Monmouthshire, NP16 5TA£230,000£220,000-£10,00018 Jan 202423 Jul 2024187 Days
Bali Hai, Coleford Road, Tutshill, Chepstow, Gloucestershire, NP16 7BU£399,950£399,950£0025 Feb 202419 Jul 2024145 Days
7 Wyelands View, Mathern, Chepstow, Monmouthshire, NP16 6HN£499,950£494,995-£4,95527 Feb 202419 Jul 2024143 Days
Foxcroft, Back Road, Catbrook, Chepstow, Monmouthshire, NP16 6NA£615,000£599,000-£16,00004 Jun 202416 Jul 202442 Days
31 Beech Grove, Chepstow, Monmouthshire, NP16 5BD£365,000£365,000£0005 Oct 202310 Jul 2024279 Days
8 Huntfield Road, Chepstow, Monmouthshire, NP16 5SA£400,000£378,000-£22,00010 Nov 202310 Jul 2024243 Days
98 Maple Avenue, Bulwark, Chepstow, Monmouthshire, NP16 5RT£245,000£240,000-£5,00010 Jan 202408 Jul 2024180 Days
49 Deans Hill, Chepstow, Monmouthshire, NP16 5AT£439,950£437,000-£2,95026 Jan 202426 Jun 2024152 Days
48 Western Avenue, Bulwark, Chepstow, Monmouthshire, NP16 5NN£259,950£255,000-£4,95005 Jul 202314 Jun 2024345 Days
18 Deans Gardens, Chepstow, Monmouthshire, NP16 5SG£325,000£325,000£0003 Jan 202412 Jun 2024161 Days
5 Oakfield Avenue, Chepstow, Monmouthshire, NP16 5NE£385,000£370,000-£15,00013 Dec 202312 Jun 2024182 Days
7 Channel View, Bulwark, Chepstow, Monmouthshire, NP16 5AG£249,950£240,000-£9,95012 Jun 202310 Jun 2024364 Days
6 Arlington Court, Sedbury, Chepstow, Gloucestershire, NP16 7EZ£425,000£414,000-£11,00016 Aug 202306 Jun 2024295 Days
30a, Burnt Barn Road, Bulwark, Chepstow, Monmouthshire, NP16 5AR£360,000£355,000-£5,00025 Aug 202328 May 2024277 Days
1 Wyebank Road, Tutshill, Chepstow, Gloucestershire, NP16 7ER£339,950£316,000-£23,95025 Mar 202424 May 202460 Days

Most Expensive Streets in NP16 (Chepstow)

PostcodeStreetAreaAverageNo. of Sales
NP16 6AREarlswoodChepstow£1,081,6663
NP16 7JNTidenham ChaseChepstow£989,8333
NP16 6LNShirenewtonChepstow£825,0003
NP16 6QTLlanishenChepstow£770,0003
NP16 7JLBoughspringChepstow£761,3124
NP16 7BUColeford Road, TutshillChepstow£724,7416
NP16 6QSLlanishenChepstow£724,0004
NP16 6LAPwllmeyricChepstow£721,0006
NP16 6LWCourt House Road, Llanvair DiscoedChepstow£706,6663
NP16 6NQCatbrook Road, CatbrookChepstow£703,3333

Least Expensive Streets in NP16 (Chepstow)

PostcodeStreetAreaAverageNo. of Sales
NP16 7FBCross Keys Court, Coleford RoadChepstow£121,3333
NP16 5QEMeads Court, BulwarkChepstow£127,0905
NP16 5HQGwy Court, Bridge Street, ChepstowChepstow£140,8754
NP16 5HYHollins CloseChepstow£143,6663
NP16 5HSRiverside Mill, The BackChepstow£167,6503
NP16 7GAThe Beeches, Ormerod RoadChepstow£172,2938
NP16 5EFRestway Wall, Garden City WayChepstow£173,00010
NP16 5RQRowan Drive, BulwarkChepstow£197,6663
NP16 5SPSummerhouse LaneChepstow£198,5265
NP16 7ADGrahamstown Road, SedburyChepstow£198,7729

Explore NP16 (Chepstow) using map

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