18, THE SMITHY, DEVAUDEN, CHEPSTOW, NP16 6QA - £273,000

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.

18 THE SMITHY is a detached house, which could now be worth an estimated £322,490. It was last sold for £273,000 in April 2021, which was around 33% below the average April 2021 detached price in the Monmouthshire local authority area.

18 THE SMITHY Sold Prices

Land registry data shows four sales for 18 THE SMITHY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. All of the four 18 THE SMITHY 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
2021 30 APR	£273,000	£405,854	33% below HPI
2005 23 JUN	£190,000	£258,941	27% below HPI
1998 4 SEP	£83,000	£112,520	26% below HPI
1997 27 MAR	£70,000	£93,880	25% below HPI

What might 18 THE SMITHY be worth now?

18 THE SMITHY might now be worth an estimated £322,490.

This is based on house price inflation of 18.1%, between April 2021 and April 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 18.1% inflationary increase is applied to the most recent sale price for 18 THE SMITHY of £273,000 on 30th April 2021. For the value to have increased from £273,000 to £322,490 over the five years to April 2026, the following assumptions must hold true:

• The value of 18 THE SMITHY has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The April 2021 sale price of £273,000 represented a fair market value for the property.
• The size, condition, and specification of 18 THE SMITHY has not materially changed since April 2021.

Where is 18 THE SMITHY?

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