24, MILL RACE, NEATH ABBEY, NEATH, SA10 7FL - £195,000

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

24 MILL RACE is a very small detached house of 70m², built sometime between 1996 and 2002. It was last sold for £195,000 in August 2024, which was around 25% below the average August 2024 detached price in the Neath Port Talbot 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.

24 MILL RACE Sold Prices

Land registry data shows five sales for 24 MILL RACE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Neath Port Talbot local authority area for the corresponding sale date. All of the five 24 MILL RACE 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
2024 23 AUG	£195,000	£261,145	25% below HPI
2007 16 MAR	£128,500	£162,575	21% below HPI
2004 27 AUG	£118,500	£123,904	4% below HPI
2002 23 AUG	£69,950	£77,744	10% below HPI
2000 16 JUN	£57,990	£66,850	13% below HPI

24 MILL RACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Neath Port Talbot local authority area over time, sourced from the HPI. The five 24 MILL RACE sales between June 2000 and August 2024 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 March 2007 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2024 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 24 MILL RACE?

24 MILL RACE is 70m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 10% of detached houses in Neath, based on EPC data. The below chart shows the distribution of detached houses by size in Neath, and where 24 MILL RACE lies on this distribution: 7% of detached houses are smaller than 24 MILL RACE, and 92% of houses are larger. Note that EPC data is not available for all properties in Neath.

24 MILL RACE: Plot and Title Map

24 MILL RACE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 24 MILL RACE, 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 24 MILL RACE). 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 24 MILL RACE?

24 MILL RACE is located in NEATH ABBEY, in the SA10 postcode district. The below map shows the position of No. 24 on MILL RACE.