15, MAGNOLIA DRIVE, WALSALL, WS5 4SP - £340,000

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

15 MAGNOLIA DRIVE is a large extended detached house of 124m², built sometime between 1996 and 2002. It was last sold for £340,000 in June 2021, which was around 23% above the average June 2021 detached price in the Sandwell local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

15 MAGNOLIA DRIVE Sold Prices

Land registry data shows two sales for 15 MAGNOLIA DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. Both of the two 15 MAGNOLIA DRIVE sales 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
2021 30 JUN	£340,000	£275,906	23% above HPI
2003 28 MAR	£187,995	£130,223	44% above HPI

15 MAGNOLIA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sandwell local authority area over time, sourced from the HPI. The two 15 MAGNOLIA DRIVE sales from March 2003 and June 2021 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 March 2003 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the June 2021 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 15 MAGNOLIA DRIVE?

15 MAGNOLIA DRIVE is 124m², which includes one extension, according to the EPC inspection conducted in July 2019. This puts it in the largest 30% of detached houses in West Bromwich, based on EPC data. The below chart shows the distribution of detached houses by size in West Bromwich, and where 15 MAGNOLIA DRIVE lies on this distribution: 70% of detached houses are smaller than 15 MAGNOLIA DRIVE, and 29% of houses are larger. Note that EPC data is not available for all properties in West Bromwich.

15 MAGNOLIA DRIVE: Plot and Title Map

15 MAGNOLIA DRIVE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 15 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 15 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 15 MAGNOLIA DRIVE?

15 MAGNOLIA DRIVE is located in WALSALL, in the WS5 postcode district. The below map shows the position of No. 15 on MAGNOLIA DRIVE.