7, BISHOPS CLOSE, CHEPSTOW, NP16 5TE - £49,000

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.

7 BISHOPS CLOSE is a semi-detached house, which could now be worth an estimated £238,548. It was last sold for £49,000 in April 1999, which was around 19% below the average April 1999 semi-detached price in the Monmouthshire local authority area.

7 BISHOPS CLOSE Sold Prices

Land registry data shows two sales for 7 BISHOPS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Monmouthshire local authority area for the corresponding sale date. Both of the two 7 BISHOPS CLOSE 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
1999 9 APR	£49,000	£60,388	19% below HPI
1996 28 AUG	£42,000	£51,358	18% below HPI

What might 7 BISHOPS CLOSE be worth now?

7 BISHOPS CLOSE might now be worth an estimated £238,548.

This is based on house price inflation of 386.8%, between April 1999 and May 2026, for semi-detached 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 386.8% inflationary increase is applied to the most recent sale price for 7 BISHOPS CLOSE of £49,000 on 9th April 1999. For the value to have increased from £49,000 to £238,548 over the 26 years and eleven months to May 2026, the following assumptions must hold true:

• The value of 7 BISHOPS CLOSE has moved in line with the HPI for semi-detached houses in the Monmouthshire local authority area.
• The April 1999 sale price of £49,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BISHOPS CLOSE has not materially changed since April 1999.

Where is 7 BISHOPS CLOSE?

7 BISHOPS CLOSE is located in CHEPSTOW, in the NP16 postcode district.