16, MAGNOLIA CLOSE, FULWOOD, PRESTON, PR2 9PB - £225,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 MAGNOLIA CLOSE is a small extended detached house of 96m², built sometime between 1983 and 1990, which could now be worth an estimated £301,485. It was last sold for £225,000 in June 2020, which was around 8% below the average June 2020 detached price in the Preston local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was C.

16 MAGNOLIA CLOSE Sold Prices

Land registry data shows three sales for 16 MAGNOLIA CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Preston local authority area for the corresponding sale date. All of the three 16 MAGNOLIA CLOSE 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
2020 22 JUN	£225,000	£245,211	8% below HPI
2003 31 JAN	£137,500	£138,845	1% below HPI
1995 17 FEB	£78,000	£84,721	8% below HPI

16 MAGNOLIA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Preston local authority area over time, sourced from the HPI. The three 16 MAGNOLIA CLOSE sales between February 1995 and June 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 January 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the June 2020 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 16 MAGNOLIA CLOSE be worth now?

16 MAGNOLIA CLOSE might now be worth an estimated £301,485.

This is based on house price inflation of 34%, between June 2020 and February 2025, for detached houses, in the Preston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 34% inflationary increase is applied to the most recent sale price for 16 MAGNOLIA CLOSE of £225,000 on 22nd June 2020. For the value to have increased from £225,000 to £301,485 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of 16 MAGNOLIA CLOSE has moved in line with the HPI for detached houses in the Preston local authority area.
• The June 2020 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MAGNOLIA CLOSE has not materially changed since June 2020.

How Large is 16 MAGNOLIA CLOSE?

16 MAGNOLIA CLOSE is 96m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the smallest 40% of detached houses houses in Preston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Preston, and where 16 MAGNOLIA CLOSE lies on this distribution: 38% of detached houses houses are smaller than 16 MAGNOLIA CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Preston.

16 MAGNOLIA CLOSE: Plot and Title Map

16 MAGNOLIA CLOSE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 16 MAGNOLIA CLOSE, 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 16 MAGNOLIA CLOSE). 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 16 MAGNOLIA CLOSE?

16 MAGNOLIA CLOSE is located in FULWOOD, in the PR2 postcode district. The below map shows the position of No. 16 on MAGNOLIA CLOSE.