Chepstow

Area Guide For Chepstow

Chepstow (Welsh: Cas-gwent) is a town in Monmouthshire, Wales, adjoining the border with Gloucestershire, England. It is located on the River Wye, about 2 miles (3.2 km) above its confluence with the River Severn, and adjoining the western end of the Severn Bridge. It is 16 miles (26 km) east of Newport and 110 miles (180 km) west of London. Chepstow Castle, situated on a clifftop above the Wye and its bridge, is often cited as the oldest surviving stone castle in Britain. The castle was established by William fitzOsbern immediately after the Norman conquest, and was extended in later centuries before becoming ruined after the Civil War. A Benedictine priory was also established within the walled town, which was the centre of the Marcher lordship of Striguil. The port of Chepstow became noted in the Middle Ages for its imports of wine, and also became a major centre for the export of timber and bark, from nearby woodland in the Wye valley and Forest of Dean. In the late eighteenth century the town was a focus of early tourism as part of the "Wye Tour", and the tourist industry remains important. Other important industries included shipbuilding - one of the First World War National
 
 

Chepstow Map

Estimated Price: £288,024
Average Asking Price: £363,453
Price change in last one year: £30,475
Average Price Paid: £232,107
Average Rent Rates: £857

 
 

Property Prices Breakdown in Chepstow

Average Price for property in Chepstow is around £288,024 which varies based on type of property you are interested in and ranges from £390,046 for detached house to around £209,007 for semi-detached. Similarly terraced house is around £174,914 and a flat is worth £145,554. Values have been changing and have risen £5,318 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £14,130 in last 6 months, £30,475 in last 1 year, £32,517 in last 2 years, £26,756 in last 3 years, £41,123 in last 4 years and £32,476 in last 5 years.

Currently average asking price of a property in Chepstow is around £363,453 based on approximately 284 properties for sale. Same is the case with rental options based on 46 properties up for rent, average asking rent is around £857 per month.

Estimated property value in Chepstow is £288,024. Average asking price is £363,453 while average price paid is £237,175 which is up by £30,475 and Avg. asking rent £857.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Chepstow area. In last 1 year alone average price buyer paid is around £237,175 based on approximately 284 sales in Chepstow area alone. If you compare it to last 3 years sales of 862 properties where buyers paid around £232,669. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £232,107 for 1,413 and average amount paid for purchase of approx. 1,879 properties sold in last 7 years comes to about £228,417 per sale.

 
 

Properties For Sale in Chepstow

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £155,967, £192,905 for a 2 bedroom house, £246,768 for a 3 bedroom house, £447,559 for a 4 bedroom house and £559,001 for a 5 bedroom house. For a flat similarly the prices varies from £137,496 for a single bedroom to £198,170 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £274,950. To sum up the asking prices for properties in Chepstow it comes to around average £140,959 for 1 bedroom property, £194,660 for 2 bedroom, £247,500 for 3 bedroom, £447,559 for 4 bedroom and £559,001 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £610 for 2 bedroom to £695 for 3 bedroom, £1,378 for 4 bedroom and £1,624 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £462. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £576. You should be generally be expecting around average £462 rent per month for single bedroom property, £603 for 2 bedroom, £695 for 3 bedroom, £1,378 for 4 bedroom and approximately £1,624 for a 5 bedroom property in Chepstow area.

Popular Houses in Chepstow

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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