23, MILL COMMON, UNDY, CALDICOT, NP26 3JH - £249,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

23 MILL COMMON is a very small detached house of 97m², built sometime between 1976 and 1982, which could now be worth an estimated £377,835. It was last sold for £249,950 in October 2016, which was around 22% below the average October 2016 detached price in the Monmouthshire local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

23 MILL COMMON Sold Prices

Land registry data shows three sales for 23 MILL COMMON since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. All of the three 23 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
2016 12 OCT	£249,950	£322,211	22% below HPI
2015 6 AUG	£208,000	£299,822	31% below HPI
2014 14 AUG	£167,500	£295,500	43% below HPI

23 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 three 23 MILL COMMON sales between August 2014 and October 2016 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 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2016 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 23 MILL COMMON be worth now?

23 MILL COMMON might now be worth an estimated £377,835.

This is based on house price inflation of 51.2%, between October 2016 and December 2024, 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 51.2% inflationary increase is applied to the most recent sale price for 23 MILL COMMON of £249,950 on 12th October 2016. For the value to have increased from £249,950 to £377,835 over the seven years and ten months to December 2024, the following assumptions must hold true:

• The value of 23 MILL COMMON has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The October 2016 sale price of £249,950 represented a fair market value for the property.
• The size, condition, and specification of 23 MILL COMMON has not materially changed since October 2016.

How Large is 23 MILL COMMON?

23 MILL COMMON is 97m² according to the EPC inspection conducted in January 2015. 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 23 MILL COMMON lies on this distribution: 14% of detached houses houses are smaller than 23 MILL COMMON, and 86% of houses are larger. Note that EPC data is not available for all properties in Magor.

23 MILL COMMON: Plot and Title Map

23 MILL COMMON sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 23 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 23 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 23 MILL COMMON?

23 MILL COMMON is located in UNDY, in the NP26 postcode district. The below map shows the position of No. 23 on MILL COMMON.