3, Parva Springs
3, Parva Springs
Description & Estimates
3, Parva Springs, Chepstow is recorded publicly as a mid-century freehold house across 1,991 ft2 of internal area, sitting on a 783 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 3, Parva Springs, Chepstow is £512,037 and its rental estimate is £2,182 per month, given the available information and assuming reasonable condition.
Parva Springs, Tintern, Chepstow, NP16 falls within the NP16 postal district.
Our Data Sources
3, Parva Springs, Chepstow has a single entry in the Land Registry from May 2014 and a single entry in the EPC database dated March 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 3, Parva Springs, Chepstow, we estimate a market value of £537,638 and a rental value of £2,291 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £476,194 and £2,029 per month respectively.
Recent Market Change
Over the last year, 3, Parva Springs, Chepstow has seen its estimated sale value decline by £10,171 (2.0%) and its estimated rental value drop by £5 per month (0.2%). This results in an estimated gross rental yield of 5.1%.
Plot Size
HM Land Registry records the plot of land for 3, Parva Springs, Chepstow as measuring 783 m2.
That makes it the 6th largest plot in the postcode, where 18 of the 20 other houses have recorded plot data.
Energy Efficiency
3, Parva Springs, Chepstow has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Mar 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
The most recent sale of 3, Parva Springs, Chepstow completed on 9th May 2014 at £330,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 56.0% over the period since May 2014.
- Sold May 2014£330,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Parva Springs, Chepstow have sold within a radius of 4.8 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th July 2024, was Yew Tree Cottage, Chepstow, NP16 6SQ, a freehold house which sold for £590,000.
Read more about house prices in NP16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 20 addresses on Parva Springs, Tintern, Chepstow, NP16, 3, Parva Springs, Chepstow comes out as the 5th largest and the 6th most expensive in our analysis of the public data.
It is also £130k more expensive than the average property across the NP16 district.
More reading links
Schools Nearby
- 4.4kmSt Briavels Parochial Church of England Primary School
- 5.9kmTutshill Church of England Primary School
- 6.8kmWoolaston Primary School
- 7.3kmWyedean School and Sixth Form Centre
More reading links
Public Transport Nearby
From 3, Parva Springs, Chepstow, the nearest station is Chepstow, 7.4 kilometres away.
- 7.4kmChepstow
- 10.6kmLydney
- 14.2kmCaldicot
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
