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Chepstow House Prices Chepstow House Prices

The average house price in Chepstow is £298,404 using HM Land Registry data.

The average property price increased by £78,460 (30.62%) over the last 5 years and increased by £15,681 (4.92%) over the last 12 months.

Over the last year, there were 147 residential property sales – a decrease of 125 transactions (-85.03%) relative to the previous year. The majority of house sales (48) were in the £210,000 - £266,000 range. Then came properties in the £266,000 - £322,000 range, where 30 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 80 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,908 (-2%).

In April 2024, there were 27 new estate agency instructions, 17 agreed home sales and 8 property price reductions.

Neighbouring Areas: Tutshill and Sedbury

Postcodes Covered: NP16

5-Year Average Property Prices in Chepstow

30.62%

Property prices in Chepstow increased by 30.62% 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 Chepstow Over the Last Year

4.92%

Property prices in Chepstow increased by 4.92% 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 Chepstow - April 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 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 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 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 Chepstow since 1995

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

Recent Property Sales in Chepstow

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
12 Hughes Crescent, Chepstow, Monmouthshire, NP16 5DY£279,950£279,950£0023 Oct 202316 Feb 2024116 Days
7 St Maur Gardens, Chepstow, Monmouthshire, NP16 5LT£350,000£305,000-£45,00011 Sep 202316 Feb 2024158 Days
16 Queens Road, Bulwark, Chepstow, Monmouthshire, NP16 5AL£280,000£280,000£0010 Oct 202313 Feb 2024126 Days
99 Aust Crescent, Bulwark, Chepstow, Monmouthshire, NP16 5NL£265,000£258,000-£7,00024 Jan 202313 Feb 2024385 Days
5 Priory Close, Chepstow, Monmouthshire, NP16 5ND£325,000£310,000-£15,00030 May 202309 Feb 2024255 Days
3 Mount Way, Chepstow, Monmouthshire, NP16 5NF£565,000£565,000£0014 Sep 202302 Feb 2024141 Days
10 Cromwell Road, Bulwark, Chepstow, Monmouthshire, NP16 5AD£314,950£300,000-£14,95017 Apr 202329 Jan 2024287 Days
14 Castle Wood, Bayfield, Chepstow, Monmouthshire, NP16 5TZ£520,000£510,000-£10,00022 Nov 202326 Jan 202465 Days
80 St Lawrence Park, Chepstow, Monmouthshire, NP16 6DQ£425,000£418,000-£7,00031 Jul 202317 Jan 2024170 Days
3 Well Close, Chepstow, Monmouthshire, NP16 5RZ£334,950£325,000-£9,95012 Jan 202412 Jan 20240 Days
18 Oak Close, Bulwark, Chepstow, Monmouthshire, NP16 5RL£199,950£190,000-£9,95001 Sep 202319 Dec 2023109 Days
16 Oakfield Avenue, Chepstow, Monmouthshire, NP16 5NE£379,950£379,950£0017 Mar 202319 Dec 2023277 Days
127 Woolpitch Wood, Chepstow, Monmouthshire, NP16 6DR£320,000£188,000-£132,00006 Dec 201713 Dec 20232198 Days
39 St George Road, Bulwark, Chepstow, Monmouthshire, NP16 5LA£259,950£255,000-£4,95020 Jun 202313 Dec 2023176 Days
13 Turnpike Close, Chepstow, Monmouthshire, NP16 5SD£350,000£345,000-£5,00010 Jul 202308 Dec 2023151 Days
4 Willow Close, Bulwark, Chepstow, Monmouthshire, NP16 5RA£239,500£232,500-£7,00018 Jul 202308 Dec 2023143 Days
19 Fairfield Road, Bulwark, Chepstow, Monmouthshire, NP16 5JP£290,000£280,000-£10,00009 Aug 202308 Dec 2023121 Days
8 Lewis Way, Chepstow, Monmouthshire, NP16 5TA£275,000£270,000-£5,00028 Jul 202305 Dec 2023130 Days
2 Buckle Wood, Bayfield, Chepstow, Monmouthshire, NP16 6DX£650,000£622,000-£28,00015 May 202329 Nov 2023198 Days
36 Lewis Way, Chepstow, Monmouthshire, NP16 5TA£325,000£315,000-£10,00005 May 202322 Nov 2023201 Days

Most Expensive Streets in Chepstow

PostcodeStreetAreaAverageNo. of Sales
NP16 6FAEdmond Locard CourtChepstow£568,6254
NP16 6DXBuckle WoodBayfield£518,1663
NP16 6DPSt Lawrence ParkChepstow£495,79015
NP16 5NFMount WayChepstow£493,2857
NP16 5BDBeech GroveChepstow£479,3339
NP16 5TZCastle WoodChepstow£453,7438
NP16 5AZPenterry ParkChepstow£448,7254
NP16 5BSMounton RoadChepstow£442,8005
NP16 5BQHigh Beech LaneChepstow£442,3333
NP16 6AZYew Tree WoodChepstow£416,2503

Least Expensive Streets in Chepstow

PostcodeStreetAreaAverageNo. of Sales
NP16 5QEMeads CourtBulwark£121,0647
NP16 5HQGwy CourtBridge Street, Chepstow£140,8754
NP16 5HSRiverside MillThe Back£154,2374
NP16 5EFRestway WallGarden City Way£170,90411
NP16 5QRMiddle WayBulwark£177,6663
NP16 5BZSchool HillChepstow£194,9938
NP16 5SPSummerhouse LaneChepstow£197,3757
NP16 5RQRowan DriveBulwark£197,6663
NP16 5RLOak CloseBulwark£201,0003
NP16 5RGMaple AvenueBulwark£202,57211

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