1, MAGNOLIA DRIVE, THE ROCK, TELFORD, TF3 5EG - £315,000

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

1 MAGNOLIA DRIVE is a small extended detached house of 99m², built sometime between 1983 and 1990. It was last sold for £315,000 in July 2024, which was around 15% below the average July 2024 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was February 2024, where the current energy rating was D, and the potential energy rating was C.

1 MAGNOLIA DRIVE Sold Prices

Land registry data shows three sales for 1 MAGNOLIA DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Telford and Wrekin local authority area for the corresponding sale date. All of the three 1 MAGNOLIA DRIVE 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
2024 26 JUL	£315,000	£370,063	15% below HPI
2010 22 JAN	£185,000	£215,005	14% below HPI
2006 1 SEP	£192,000	£214,632	11% below HPI

1 MAGNOLIA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Telford and Wrekin local authority area over time, sourced from the HPI. The three 1 MAGNOLIA DRIVE sales between September 2006 and July 2024 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 2010 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the July 2024 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 1 MAGNOLIA DRIVE?

1 MAGNOLIA DRIVE is 99m², which includes one extension, according to the EPC inspection conducted in February 2024. This puts it in the smallest 40% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 1 MAGNOLIA DRIVE lies on this distribution: 31% of detached houses are smaller than 1 MAGNOLIA DRIVE, and 67% of houses are larger. Note that EPC data is not available for all properties in Telford.

1 MAGNOLIA DRIVE: Plot and Title Map

1 MAGNOLIA DRIVE sits on a plot of roughly 0.083 of an acre, or 338m². The below map shows the location of 1 MAGNOLIA DRIVE, 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 1 MAGNOLIA DRIVE). 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 1 MAGNOLIA DRIVE?

1 MAGNOLIA DRIVE is located in THE ROCK, in the TF3 postcode district. The below map shows the position of No. 1 on MAGNOLIA DRIVE.