THE CEDARS, PWLLMEYRIC, CHEPSTOW, NP16 6LE - £900,000

THE CEDARS is a midsized extended detached house of 170m², built sometime before 1900. It was last sold for £900,000 in February 2022, which was around 101% above the average February 2022 detached price in the Monmouthshire local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

THE CEDARS Sold Prices

Land registry data shows two sales for THE CEDARS 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 THE CEDARS 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
2022 3 FEB	£900,000	£447,176	101% above HPI
2012 4 OCT	£400,000	£266,149	50% above HPI

THE CEDARS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Monmouthshire local authority area over time, sourced from the HPI. The two THE CEDARS sales from October 2012 and February 2022 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 2012 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the February 2022 sale, where it rises to 101% above the HPI. The line then continues to track at 101% above the HPI.

How Large is THE CEDARS?

THE CEDARS is 170m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 50% of detached houses in Pwllmeyric, based on EPC data. The below chart shows the distribution of detached houses by size in Pwllmeyric, and where THE CEDARS lies on this distribution: 55% of detached houses are smaller than THE CEDARS, and 45% of houses are larger. Note that EPC data is not available for all properties in Pwllmeyric.

THE CEDARS: Plot and Title Map

THE CEDARS sits on a plot of roughly 0.691 of an acre, or 2,796m². The below map shows the location of THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

THE CEDARS is located in PWLLMEYRIC, in the NP16 postcode district. The below map shows the position of THE CEDARS in PWLLMEYRIC.