3, THE SMITHY, DEVAUDEN, CHEPSTOW, NP16 6QA - £272,000

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.

3 THE SMITHY is a detached house, which could now be worth an estimated £665,013. It was last sold for £272,000 in May 2003, which was around 39% above the average May 2003 detached price in the Monmouthshire local authority area.

3 THE SMITHY Sold Prices

Land registry data shows three sales for 3 THE SMITHY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. All of the three 3 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
2003 29 MAY	£272,000	£196,093	39% above HPI
1996 3 DEC	£147,000	£92,842	58% above HPI
1995 14 MAR	£138,000	£89,555	54% above HPI

What might 3 THE SMITHY be worth now?

3 THE SMITHY might now be worth an estimated £665,013.

This is based on house price inflation of 144.5%, between May 2003 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 144.5% inflationary increase is applied to the most recent sale price for 3 THE SMITHY of £272,000 on 29th May 2003. For the value to have increased from £272,000 to £665,013 over the 23 years and one month to April 2026, the following assumptions must hold true:

• The value of 3 THE SMITHY has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The May 2003 sale price of £272,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE SMITHY has not materially changed since May 2003.

Where is 3 THE SMITHY?

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