59, MAGNET LANE, RUGBY, CV22 7NH - £227,000

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

59 MAGNET LANE is a very small detached house of 81m², built sometime before 1900. It was last sold for £227,000 in June 2008, which was around 18% below the average June 2008 detached price in the Rugby local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

59 MAGNET LANE Sold Prices

Land registry data shows two sales for 59 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 59 MAGNET LANE 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
2008 9 JUN	£227,000	£275,197	18% below HPI
2005 15 APR	£215,000	£251,017	14% below HPI

59 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 59 MAGNET LANE sales from April 2005 and June 2008 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 April 2005 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2008 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 59 MAGNET LANE?

59 MAGNET LANE is 81m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% of detached houses in Rugby, based on EPC data. The below chart shows the distribution of detached houses by size in Rugby, and where 59 MAGNET LANE lies on this distribution: 11% of detached houses are smaller than 59 MAGNET LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Rugby.

59 MAGNET LANE: Plot and Title Map

59 MAGNET LANE sits on a plot of roughly 0.043 of an acre, or 172m². The below map shows the location of 59 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 59 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 59 MAGNET LANE?

59 MAGNET LANE is located in RUGBY, in the CV22 postcode district. The below map shows the position of No. 59 on MAGNET LANE.