Landlord templates, Chepstow.

Chepstow rental market, what landlords need to know

Chepstow (Welsh: Cas-Gwent) is a market town in Monmouthshire, south-east Wales, situated on the west bank of the River Wye approximately 2 miles from the M48 Severn Bridge crossing — making it the practical gateway to Wales from the M4/M48 corridor. The town is approximately 20 miles from Newport and approximately 20 miles from Bristol city centre (approximately 35-40 minutes by road via M48/M4), making it a viable Bristol and Newport commuter base offering significantly lower property prices than equivalent English locations on the Bristol commuter belt. The Severn Bridge tolls were abolished in December 2018, substantially improving the economics of the Chepstow-Bristol commute. Key demand drivers: (1) BRISTOL COMMUTER MARKET: a growing proportion of Bristol's professional and public sector workforce (NHS; University of Bristol; Rolls-Royce Bristol; Airbus Filton; Ministry of Defence Corsham) uses Chepstow as a residential base, with lower Welsh property prices compensating for the commute; (2) CHEPSTOW RACECOURSE: a significant regional employer and event venue — the home of the Welsh Grand National (National Hunt) and a full calendar of flat and jump racing; (3) CHEPSTOW CASTLE AND HERITAGE TOURISM: one of the oldest surviving post-Roman stone fortifications in Britain (built from 1067 by William FitzOsbern); a significant heritage tourism employer and draw; (4) WYE VALLEY AONB AND FOREST OF DEAN: Chepstow is at the southern gateway of the Wye Valley Area of Outstanding Natural Beauty — the Wye Valley Walk long-distance path; Tintern Abbey (5 miles north); Symonds Yat (15 miles north); Forest of Dean (immediately to the east — cycling; Go Ape; Clearwell Caves). Monmouthshire has some of the highest average house prices in Wales, but still significantly below equivalent English commuter locations.