Chepstow is a small town situated in Monmouthshire, Wales, adjoining the border with England. It is located on the River Wye and found 16 miles (26 km) east of Newport, 18 miles (29 km) north-west of Bristol and 110 miles (180 km) west of London.
Chepstow Castle, situated on a clifftop above the Wye and its bridge, is often regarded as the oldest surviving stone castle in Britain.
The name Chepstow derives from the old English ceap / chepe stowe, meaning market place or trading centre. The word "stow" usually denotes a place of special significance, and the root "chep" is the same as that in other placenames such as Chipping Sodbury and Cheapside.
The town had a population of 12,350 at the 2011 census. It is served by the M48 motorway, and its accessibility to the cities of Bristol, Newport and Cardiff means it has a large number of commuters to these cities. It is part of Monmouthshire County Council, and is within the Monmouth parliamentary constituency and Wales Assembly constituency.
According to the 2011 census, 1147 Chepstow residents (9.2%) described themselves as 'Welsh speakers', with an additional 465 people having 'some Welsh skills'.
Chepstow Racecourse is currently the leading horse racing facility and in Wales. The racecourse was first opened in 1926, and became the regular venue of the Welsh National horse race in 1949.
Chepstow Town F.C. is the towns main football team and was founded in 1878 play in Division One of the Gwent County League.
The majority of sales in Chepstow during the last year were detached properties, selling for an average price of £328,480. Terraced properties sold for an average of £171,178, with semi-detached properties fetching £187,864.
Chepstow, with an overall average price of £238,601, was similar in terms of sold prices to nearby Mathern (£235,750), but was more expensive than Bulwark (£190,367) and cheaper than St. Arvans (£379,768).
Overall sold prices in Chepstow over the last year were 13% up on the previous year and 16% up on the 2007 level of £205,995.
Source: Rightmove September 2017