NP16 7LA is a residential postcode situated on Elmdale, Chepstow, NP16 with 6 addresses.
It ranks as the 237th largest and 457th most expensive of the 748 postcodes in the NP16 area.
The postcode contains a total of 6 properties: 6 houses.
NP16 7LA is a residential postcode situated on Elmdale, Chepstow, NP16 with 6 addresses.
It ranks as the 237th largest and 457th most expensive of the 748 postcodes in the NP16 area.
The postcode contains a total of 6 properties: 6 houses.
Sale prices range from £254,493 for 2 bedroom freehold houses with a garden (505 ft2) to £471,870 for 4 bedroom freehold houses with a garden (1,603 ft2) .
Monthly rental prices range from £1,032 pcm for 2 bed houses to £1,590 pcm for 4 bed houses.
The gross rental yield is between 4.0% and 4.9%.
The average value per square foot is £314.
The last sale in NP16 7LA sold for £290,000 on 5th November 2012. Since then prices are up an average of 62.2%.
The current average value in the postcode is £407,254.
The NP16 7LA Sales Market has increased by 50.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.4% | £407,254 |
| April 2025 | 1.8% | £412,931 |
| April 2024 | -0.3% | £405,781 |
| April 2023 | 1.1% | £406,839 |
| April 2022 | 13.4% | £402,400 |
| April 2021 | 3.8% | £354,697 |
| April 2020 | 0.8% | £341,859 |
| April 2019 | 5% | £339,215 |
| April 2018 | 9.1% | £323,176 |
| April 2017 | 9.8% | £296,204 |
| April 2016 | 3.9% | £269,817 |
| April 2015 | 6.1% | £259,683 |
| April 2014 | 1.2% | £244,842 |
| April 2013 | 2.3% | £241,903 |
| April 2012 | 1.9% | £236,367 |
| April 2011 | 3.2% | £231,949 |
| April 2010 | 5.5% | £224,747 |
| April 2009 | -13.9% | £212,974 |
| April 2008 | 1.2% | £247,424 |
| April 2007 | 0% | £244,449 |
The current average rental value in the postcode is £1,461.
The NP16 7LA Rental Market has increased by 64.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.6% | £1,461pcm |
| April 2025 | 4.8% | £1,424pcm |
| April 2024 | 8.5% | £1,359pcm |
| April 2023 | 6.6% | £1,252pcm |
| April 2022 | 11.3% | £1,174pcm |
| April 2021 | 5.8% | £1,055pcm |
| April 2020 | 4.7% | £998pcm |
| April 2019 | 2.7% | £953pcm |
| April 2018 | 2% | £928pcm |
| April 2017 | 2.7% | £909pcm |
| April 2016 | 5.7% | £886pcm |
| April 2015 | 4.5% | £838pcm |
| April 2014 | 4.2% | £802pcm |
| April 2013 | 3.3% | £770pcm |
| April 2012 | 1% | £745pcm |
| April 2011 | 4.2% | £738pcm |
| April 2010 | 2.2% | £708pcm |
| April 2009 | -8.8% | £693pcm |
| April 2008 | 5.5% | £760pcm |
| April 2007 | 0% | £720pcm |
The last sale was on 5th November 2012 for £290,000 and since then the market in the area has increased by 62.2%. The postcode has had a total of 1 sales since 1995.
NP16 7LA has seen no sales in the last three years and no sales in the last twelve months.
NP16 7LA is the 237th largest and the 457th most expensive postcode out of the 748 postcodes in the NP16 area.
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The closest station to NP16 7LA is Chepstow station which is 800 metres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around NP16 7LA, 46.5% of property is privately owned outright and 31.3% is privately owned with a mortgage.
The graph below shows how this compares to South West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around NP16 7LA, 15.4% of residents are recorded as possessing school level qualifications and 41.3% as possessing degree level qualifications.
The graph below shows how this compares to South West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around NP16 7LA, the average age was 44.4 and the most common age was 72.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around NP16 7LA, 0.7% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around NP16 7LA, there are an average of 1.5 cars per household.
See below for how this compares to South West and the rest of England & Wales.