1, PRESTON CLOSE, CHEPSTOW, NP16 5TB - £259,950

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 PRESTON CLOSE is a very small terraced house of 67m², built sometime between 1991 and 1995, which could now be worth an estimated £295,510. It was last sold for £259,950 in September 2021, which was around 27% above the average September 2021 terraced price in the Monmouthshire local authority area. The most recent EPC inspection was January 2016, where the current energy rating was C, and the potential energy rating was B.

1 PRESTON CLOSE Sold Prices

Land registry data shows three sales for 1 PRESTON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Monmouthshire local authority area for the corresponding sale date. Two of the three 1 PRESTON CLOSE sales were for above the average price, whilst one was 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
2021 3 SEP	£259,950	£204,830	27% above HPI
2017 14 JUL	£190,000	£158,136	20% above HPI
2016 11 MAR	£144,000	£147,398	2% below HPI

1 PRESTON CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Monmouthshire local authority area over time, sourced from the HPI. The three 1 PRESTON CLOSE sales between March 2016 and September 2021 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 July 2017 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the September 2021 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 1 PRESTON CLOSE be worth now?

1 PRESTON CLOSE might now be worth an estimated £295,510.

This is based on house price inflation of 13.7%, between September 2021 and June 2025, for terraced 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 13.7% inflationary increase is applied to the most recent sale price for 1 PRESTON CLOSE of £259,950 on 3rd September 2021. For the value to have increased from £259,950 to £295,510 over the four years and three months to June 2025, the following assumptions must hold true:

• The value of 1 PRESTON CLOSE has moved in line with the HPI for terraced houses in the Monmouthshire local authority area.
• The September 2021 sale price of £259,950 represented a fair market value for the property.
• The size, condition, and specification of 1 PRESTON CLOSE has not materially changed since September 2021.

How Large is 1 PRESTON CLOSE?

1 PRESTON CLOSE is 67m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 10% of terraced houses houses in Chepstow, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chepstow, and where 1 PRESTON CLOSE lies on this distribution: 3% of terraced houses houses are smaller than 1 PRESTON CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Chepstow.

1 PRESTON CLOSE: Plot and Title Map

1 PRESTON CLOSE sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 1 PRESTON CLOSE, 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 1 PRESTON CLOSE). 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 1 PRESTON CLOSE?

1 PRESTON CLOSE is located in CHEPSTOW, in the NP16 postcode district. The below map shows the position of No. 1 on PRESTON CLOSE.