1, THE SMITHY, DEVAUDEN, CHEPSTOW, NP16 6QA - £157,950

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 THE SMITHY is a detached house, which could now be worth an estimated £772,015. It was last sold for £157,950 in September 1997, which was around 55% above the average September 1997 detached price in the Monmouthshire local authority area.

1 THE SMITHY Sold Prices

Land registry data shows two sales for 1 THE SMITHY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. Both of the two 1 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
1997 12 SEP	£157,950	£102,021	55% above HPI
1996 22 MAR	£140,000	£90,468	55% above HPI

What might 1 THE SMITHY be worth now?

1 THE SMITHY might now be worth an estimated £772,015.

This is based on house price inflation of 388.8%, between September 1997 and July 2026, for 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 388.8% inflationary increase is applied to the most recent sale price for 1 THE SMITHY of £157,950 on 12th September 1997. For the value to have increased from £157,950 to £772,015 over the 29 years and two months to July 2026, the following assumptions must hold true:

• The value of 1 THE SMITHY has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The September 1997 sale price of £157,950 represented a fair market value for the property.
• The size, condition, and specification of 1 THE SMITHY has not materially changed since September 1997.

Where is 1 THE SMITHY?

1 THE SMITHY is located in DEVAUDEN, in the NP16 postcode district.