# NP16 5RT Area Summary
The NP16 5RT postcode falls within the Chepstow area of Monmouthshire, South Wales, positioned near the Welsh-English border. This particular postcode district presents an exceptionally affordable property market, with an average price of approximately £96,846 across 57 properties. This figure is remarkably below both regional and national averages, suggesting the area comprises predominantly leasehold flats or retirement properties, which typically command lower price points than standard freehold houses.
The significantly low average price point indicates this is likely a specialist housing area, possibly featuring retirement developments, ex-local authority flats, or properties with specific tenure arrangements. For buyers seeking accessible entry points into the property market or investors looking for rental opportunities, this postcode offers noteworthy value. However, the price level warrants careful consideration of property types, lease lengths, and any associated service charges or restrictions that commonly accompany such affordably-priced stock in the Welsh border region.
The average house price in NP16 5RT, Chepstow is £96,846. Prices range from £38,000 to £240,000.
There are 57 properties in NP16 5RT, Chepstow.
NP16 5RT contains 34 terraced properties, 21 semi-detached properties, 2 detached properties.
Average house prices in NP16 5RT have risen by 406.1% from £47,417 in 1995 to £240,000 in 2024.
NP16 5RT is located in Chepstow, Monmouthshire, England.