LAPINS, NEWPORT ROAD, MAGOR, CALDICOT, NP26 3BZ - £231,500

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.

LAPINS is a very small extended detached house of 100m², built sometime between 1930 and 1949, which could now be worth an estimated £375,438. It was last sold for £231,500 in November 2014, which was around 24% below the average November 2014 detached price in the Monmouthshire local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

LAPINS Sold Prices

Land registry data shows two sales for LAPINS 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. One of the two LAPINS sales was for below the average price, whilst the other was 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 26 NOV	£231,500	£303,371	24% below HPI
1997 28 JAN	£108,000	£92,923	16% above HPI

LAPINS 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 LAPINS sales from January 1997 and November 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 January 1997 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the November 2014 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might LAPINS be worth now?

LAPINS might now be worth an estimated £375,438.

This is based on house price inflation of 62.2%, between November 2014 and February 2025, 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 62.2% inflationary increase is applied to the most recent sale price for LAPINS of £231,500 on 26th November 2014. For the value to have increased from £231,500 to £375,438 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of LAPINS has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The November 2014 sale price of £231,500 represented a fair market value for the property.
• The size, condition, and specification of LAPINS has not materially changed since November 2014.

How Large is LAPINS?

LAPINS is 100m², which includes one extension, according to the EPC inspection conducted in September 2014. 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 LAPINS lies on this distribution: 17% of detached houses houses are smaller than LAPINS, and 82% of houses are larger. Note that EPC data is not available for all properties in Magor.

LAPINS: Plot and Title Map

LAPINS sits on a plot of roughly 0.233 of an acre, or 942m². The below map shows the location of LAPINS, 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 LAPINS). 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 LAPINS?

LAPINS is located on NEWPORT ROAD in MAGOR, in the NP26 postcode district. The below map shows the position of LAPINS on NEWPORT ROAD.