9, THE SMITHY, DEVAUDEN, CHEPSTOW, NP16 6QA - £190,000

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.

9 THE SMITHY is a very small terraced house of 59m², built sometime between 1991 and 1995, which could now be worth an estimated £240,234. It was last sold for £190,000 in January 2020, which was around 3% above the average January 2020 terraced price in the Monmouthshire local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

9 THE SMITHY Sold Prices

Land registry data shows five sales for 9 THE SMITHY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Monmouthshire local authority area for the corresponding sale date. All of the five 9 THE SMITHY sales were for above 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
2020 31 JAN	£190,000	£184,160	3% above HPI
2002 29 OCT	£93,000	£78,591	18% above HPI
1999 18 OCT	£55,500	£50,088	11% above HPI
1997 24 OCT	£48,500	£45,409	7% above HPI
1997 6 MAR	£50,000	£41,693	20% above HPI

9 THE SMITHY 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 five 9 THE SMITHY sales between March 1997 and January 2020 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 October 2002 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the January 2020 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 9 THE SMITHY be worth now?

9 THE SMITHY might now be worth an estimated £240,234.

This is based on house price inflation of 26.4%, between January 2020 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 26.4% inflationary increase is applied to the most recent sale price for 9 THE SMITHY of £190,000 on 31st January 2020. For the value to have increased from £190,000 to £240,234 over the four years and seven months to June 2025, the following assumptions must hold true:

• The value of 9 THE SMITHY has moved in line with the HPI for terraced houses in the Monmouthshire local authority area.
• The January 2020 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 9 THE SMITHY has not materially changed since January 2020.

How Large is 9 THE SMITHY?

9 THE SMITHY is 59m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% of terraced houses houses in Devauden, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Devauden, and where 9 THE SMITHY lies on this distribution: Less than 1% of terraced houses houses are smaller than 9 THE SMITHY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Devauden.

9 THE SMITHY: Plot and Title Map

9 THE SMITHY sits on a plot of roughly 0.035 of an acre, or 140m². The below map shows the location of 9 THE SMITHY, 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 9 THE SMITHY). 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 9 THE SMITHY?

9 THE SMITHY is located in DEVAUDEN, in the NP16 postcode district. The below map shows the position of No. 9 on THE SMITHY.