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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

16 MAGNOLIA CLOSE is a small extended detached house of 96m², built sometime between 1983 and 1990. It was last sold for £225,000 in June 2020, which was around 2% 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. Two of the three 16 MAGNOLIA CLOSE sales were for below the average price, whilst one was 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 22 JUN	£225,000	£230,072	2% below HPI
2003 31 JAN	£137,500	£130,273	6% above HPI
1995 17 FEB	£78,000	£79,491	2% 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 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the June 2020 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

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 in Preston, based on EPC data. The below chart shows the distribution of detached houses by size in Preston, and where 16 MAGNOLIA CLOSE lies on this distribution: 38% of detached 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 0.095 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.