# NP16 5LY Area Summary
NP16 5LY covers part of Chepstow in Monmouthshire, a historic market town positioned at the southern tip of Wales, just over the border from England. This postcode area contains a modest residential stock of 71 properties with an average price of £179,828, positioning it well below both regional and national averages. This makes the area particularly attractive for first-time buyers and those seeking more affordable entry points into the property market whilst maintaining excellent transport links to Bristol and Cardiff.
The relatively low average property price suggests a mix of older housing stock, potentially including ex-local authority properties, terraced housing, and smaller semi-detached homes characteristic of many Welsh border towns. Chepstow benefits from its strategic location near the M48 Severn Bridge crossing, offering convenient access to the M4 corridor and major employment centres in South Wales and the South West of England. The town's medieval heritage, including Chepstow Castle, and proximity to the Wye Valley Area of Outstanding Natural Beauty add to its residential appeal, though the lower price point indicates this particular postcode may sit in a more functional residential area rather than the town's premium locations.
The average house price in NP16 5LY, Chepstow is £179,828. Prices range from £59,000 to £487,500.
There are 71 properties in NP16 5LY, Chepstow.
NP16 5LY contains 40 detached properties, 29 semi-detached properties, 2 terraced properties.
Average house prices in NP16 5LY have risen by 390.2% from £65,281 in 1995 to £320,000 in 2025.
NP16 5LY is located in Chepstow, Monmouthshire, England.
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