16, MILL REEN, UNDY, CALDICOT, NP26 3JP - £169,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 MILL REEN is a very small semi-detached house of 60m², built sometime between 1967 and 1975, which could now be worth an estimated £307,113. It was last sold for £169,000 in January 2014, which was around 4% above the average January 2014 semi-detached price in the Monmouthshire local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

16 MILL REEN Sold Prices

Land registry data shows three sales for 16 MILL REEN since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Monmouthshire local authority area for the corresponding sale date. All of the three 16 MILL REEN sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 24 JAN	£169,000	£162,978	4% above HPI
1999 23 AUG	£74,950	£62,725	19% above HPI
1997 24 JAN	£58,000	£52,522	10% above HPI

16 MILL REEN Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Monmouthshire local authority area over time, sourced from the HPI. The three 16 MILL REEN sales between January 1997 and January 2014 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 1999 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the January 2014 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 16 MILL REEN be worth now?

16 MILL REEN might now be worth an estimated £307,113.

This is based on house price inflation of 81.7%, between January 2014 and February 2025, for semi-detached houses, in the Monmouthshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 81.7% inflationary increase is applied to the most recent sale price for 16 MILL REEN of £169,000 on 24th January 2014. For the value to have increased from £169,000 to £307,113 over the ten years and eleven months to February 2025, the following assumptions must hold true:

• The value of 16 MILL REEN has moved in line with the HPI for semi-detached houses in the Monmouthshire local authority area.
• The January 2014 sale price of £169,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MILL REEN has not materially changed since January 2014.

How Large is 16 MILL REEN?

16 MILL REEN is 60m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of semi-detached houses houses in Magor, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Magor, and where 16 MILL REEN lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 16 MILL REEN, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Magor.

16 MILL REEN: Plot and Title Map

16 MILL REEN sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of 16 MILL REEN, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 16 MILL REEN). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 16 MILL REEN?

16 MILL REEN is located in UNDY, in the NP26 postcode district. The below map shows the position of No. 16 on MILL REEN.