CHARIS, NEWPORT ROAD, MAGOR, CALDICOT, NP26 3BZ - £375,000

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

CHARIS is a small extended detached house of 109m², built sometime between 1950 and 1966. It was last sold for £375,000 in April 2022, which was around 18% below the average April 2022 detached price in the Monmouthshire local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was B.

CHARIS Sold Prices

Land registry data shows three sales for CHARIS 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 CHARIS 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
2022 13 APR	£375,000	£458,505	18% below HPI
2016 13 JUL	£285,000	£314,940	10% below HPI
2014 9 MAY	£225,000	£280,236	20% below HPI

CHARIS 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 CHARIS sales between May 2014 and April 2022 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 July 2016 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the April 2022 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is CHARIS?

CHARIS is 109m², which includes two extensions, according to the EPC inspection conducted in December 2014. This puts it in the smallest 40% of detached houses in Magor, based on EPC data. The below chart shows the distribution of detached houses by size in Magor, and where CHARIS lies on this distribution: 31% of detached houses are smaller than CHARIS, and 68% of houses are larger. Note that EPC data is not available for all properties in Magor.

CHARIS: Plot and Title Map

CHARIS sits on a plot of roughly 0.252 of an acre, or 1,020m². The below map shows the location of CHARIS, 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 CHARIS). 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 CHARIS?

CHARIS is located on NEWPORT ROAD in MAGOR, in the NP26 postcode district. The below map shows the position of CHARIS on NEWPORT ROAD.