16, MAGNET LANE, RUGBY, CV22 7NH - £575,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

16 MAGNET LANE is a very large extended detached house of 224m², built sometime between 1930 and 1949. It was last sold for £575,000 in October 2022, which was around 23% above the average October 2022 detached price in the Rugby local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

16 MAGNET LANE Sold Prices

Land registry data shows three sales for 16 MAGNET LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rugby local authority area for the corresponding sale date. Two of the three 16 MAGNET LANE sales were for above the average price, whilst one was 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
2022 27 OCT	£575,000	£465,643	23% above HPI
2006 17 AUG	£345,000	£262,324	32% above HPI
1995 20 OCT	£72,500	£86,078	16% below HPI

16 MAGNET LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rugby local authority area over time, sourced from the HPI. The three 16 MAGNET LANE sales between October 1995 and October 2022 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 2006 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the October 2022 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 16 MAGNET LANE?

16 MAGNET LANE is 224m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the largest 10% of detached houses in Rugby, based on EPC data. The below chart shows the distribution of detached houses by size in Rugby, and where 16 MAGNET LANE lies on this distribution: 96% of detached houses are smaller than 16 MAGNET LANE, and 3% of houses are larger. Note that EPC data is not available for all properties in Rugby.

16 MAGNET LANE: Plot and Title Map

16 MAGNET LANE sits on a plot of roughly 0.137 of an acre, or 553m². The below map shows the location of 16 MAGNET LANE, 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 MAGNET LANE). 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 MAGNET LANE?

16 MAGNET LANE is located in RUGBY, in the CV22 postcode district. The below map shows the position of No. 16 on MAGNET LANE.