Capital Value Non-Exempt- and current house price

really?

I'd say most on here are familiar with the LPS(Land & Property Services) portal. I've recently discovered it and am using it currently to gauge the value of a house I'm considering buying.

The house I'm thinking of going for is 101m2 - With a capital non exempt value of £100,000 - Builder Asking price £130,000.

I'm led to believe that the capital value non-exempt is reflective of a retrospective estimate of a given properties price in 2005.

So basically this new build house is 30% more than it would have been in 2005.

Which sounds a bit off to me.

So I compared a larger house on the same development 123m2- CNE Value - £125,000.00 - current builder asking price £145,000.00.

This equates to 16% increase to date, which is a little bit closer to what I thought house price inflation would be.

Does anyone know why this would be?
Is a ploy by the builder to push more people towards buying a bigger property or have small house prices in fact increased by 30% in the last 12 years?

really?

My fears are allayed slightly, I priced some other older houses in similar (well thought of) locations within the town and they area £110 000 (102m2) -£115 000 (98m2) Capital Value Non-exempt. These two houses were actually around in 2005 so I’m assuming that these values should be reasonably accurate in comparison to the development mentioned above which has only been built within the last 3 years.

MiserlyMartin

This was a quite useful piece of research and I'm surprised nobody replied. Hope you bought your house and are settled now.