MAGNOLIA COTTAGE, TURNERS GREEN LANE, SPARROWS GREEN, WADHURST, TN5 6TS - £470,000

MAGNOLIA COTTAGE is a small extended detached house of 112m², built sometime between 1950 and 1966. It was last sold for £470,000 in September 2020, which was around 8% below the average September 2020 detached price in the Wealden local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

MAGNOLIA COTTAGE Sold Prices

Land registry data shows three sales for MAGNOLIA COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. One of the three MAGNOLIA COTTAGE sales was for below the average price, whilst two 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
2020 18 SEP	£470,000	£511,908	8% below HPI
2001 30 MAY	£232,000	£207,193	12% above HPI
1999 21 OCT	£225,000	£165,667	36% above HPI

MAGNOLIA COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wealden local authority area over time, sourced from the HPI. The three MAGNOLIA COTTAGE sales between October 1999 and September 2020 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 May 2001 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the September 2020 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is MAGNOLIA COTTAGE?

MAGNOLIA COTTAGE is 112m², which includes two extensions, according to the EPC inspection conducted in February 2020. This puts it in the smallest 30% of detached houses in Wadhurst, based on EPC data. The below chart shows the distribution of detached houses by size in Wadhurst, and where MAGNOLIA COTTAGE lies on this distribution: 21% of detached houses are smaller than MAGNOLIA COTTAGE, and 79% of houses are larger. Note that EPC data is not available for all properties in Wadhurst.

MAGNOLIA COTTAGE: Plot and Title Map

MAGNOLIA COTTAGE sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of MAGNOLIA COTTAGE, 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 MAGNOLIA COTTAGE). 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 MAGNOLIA COTTAGE?

MAGNOLIA COTTAGE is located on TURNERS GREEN LANE in SPARROWS GREEN, in the TN5 postcode district. The below map shows the position of MAGNOLIA COTTAGE on TURNERS GREEN LANE.