41, MILL COMMON, UNDY, CALDICOT, NP26 3JH - £279,950

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.

41 MILL COMMON is a very small detached house of 101m², built sometime between 1976 and 1982, which could now be worth an estimated £361,338. It was last sold for £279,950 in July 2018, which was around 25% below the average July 2018 detached price in the Monmouthshire local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was B.

41 MILL COMMON Sold Prices

Land registry data shows two sales for 41 MILL COMMON since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. Both of the two 41 MILL COMMON sales were for below 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
2018 13 JUL	£279,950	£371,441	25% below HPI
2012 27 APR	£185,000	£282,890	35% below HPI

41 MILL COMMON Price Paid vs. HPI Average

The below graph shows the average detached house price in the Monmouthshire local authority area over time, sourced from the HPI. The two 41 MILL COMMON sales from April 2012 and July 2018 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 April 2012 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the July 2018 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 41 MILL COMMON be worth now?

41 MILL COMMON might now be worth an estimated £361,338.

This is based on house price inflation of 29.1%, between July 2018 and April 2026, for 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 29.1% inflationary increase is applied to the most recent sale price for 41 MILL COMMON of £279,950 on 13th July 2018. For the value to have increased from £279,950 to £361,338 over the eight years and three months to April 2026, the following assumptions must hold true:

• The value of 41 MILL COMMON has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The July 2018 sale price of £279,950 represented a fair market value for the property.
• The size, condition, and specification of 41 MILL COMMON has not materially changed since July 2018.

How Large is 41 MILL COMMON?

41 MILL COMMON is 101m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 20% of detached houses houses in Magor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Magor, and where 41 MILL COMMON lies on this distribution: 19% of detached houses houses are smaller than 41 MILL COMMON, and 79% of houses are larger. Note that EPC data is not available for all properties in Magor.

41 MILL COMMON: Plot and Title Map

41 MILL COMMON sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 41 MILL COMMON, 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 41 MILL COMMON). 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 41 MILL COMMON?

41 MILL COMMON is located in UNDY, in the NP26 postcode district. The below map shows the position of No. 41 on MILL COMMON.