48, MAGNET LANE, RUGBY, CV22 7NH - £620,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

48 MAGNET LANE is a very small extended detached house of 79m², built sometime between 2003 and 2006. It was last sold for £620,000 in December 2017, which was around 70% above the average December 2017 detached price in the Rugby local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

48 MAGNET LANE Sold Prices

Land registry data shows two sales for 48 MAGNET LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rugby local authority area for the corresponding sale date. Both of the two 48 MAGNET LANE sales were 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
2017 11 DEC	£620,000	£364,233	70% above HPI
2001 3 AUG	£190,000	£159,201	19% above HPI

48 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 two 48 MAGNET LANE sales from August 2001 and December 2017 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 2001 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the December 2017 sale, where it rises to 70% above the HPI. The line then continues to track at 70% above the HPI.

How Large is 48 MAGNET LANE?

48 MAGNET LANE is 79m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the smallest 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 48 MAGNET LANE lies on this distribution: 9% of detached houses are smaller than 48 MAGNET LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in Rugby.

48 MAGNET LANE: Plot and Title Map

48 MAGNET LANE sits on a plot of roughly 0.283 of an acre, or 1,146m². The below map shows the location of 48 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 48 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 48 MAGNET LANE?

48 MAGNET LANE is located in RUGBY, in the CV22 postcode district. The below map shows the position of No. 48 on MAGNET LANE.