9, MILL REEN, UNDY, CALDICOT, NP26 3JP - £249,500

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

9 MILL REEN is a small detached house of 103m², built sometime between 1976 and 1982. It was last sold for £249,500 in March 2017, which was around 25% below the average March 2017 detached price in the Monmouthshire local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

9 MILL REEN Sold Prices

Land registry data shows three sales for 9 MILL REEN 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 9 MILL REEN 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
2017 28 MAR	£249,500	£332,688	25% below HPI
2008 21 JAN	£249,000	£300,714	17% below HPI
1999 23 AUG	£89,000	£113,115	21% below HPI

9 MILL REEN 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 9 MILL REEN sales between August 1999 and March 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 January 2008 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the March 2017 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 9 MILL REEN?

9 MILL REEN is 103m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 30% of detached houses in Magor, based on EPC data. The below chart shows the distribution of detached houses by size in Magor, and where 9 MILL REEN lies on this distribution: 22% of detached houses are smaller than 9 MILL REEN, and 77% of houses are larger. Note that EPC data is not available for all properties in Magor.

9 MILL REEN: Plot and Title Map

9 MILL REEN sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 9 MILL REEN, 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 9 MILL REEN). 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 9 MILL REEN?

9 MILL REEN is located in UNDY, in the NP26 postcode district. The below map shows the position of No. 9 on MILL REEN.