18, MAGNOLIA DRIVE, LUTTERWORTH, LE17 4RS - £205,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

18 MAGNOLIA DRIVE is a very small semi-detached house of 53m², built sometime between 1991 and 1995, which could now be worth an estimated £214,952. It was last sold for £205,000 in October 2024, which was around 31% below the average October 2024 semi-detached price in the Harborough local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

18 MAGNOLIA DRIVE Sold Prices

Land registry data shows four sales for 18 MAGNOLIA DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Harborough local authority area for the corresponding sale date. All of the four 18 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 25 OCT	£205,000	£296,982	31% below HPI
2019 19 JUN	£180,000	£243,918	26% below HPI
2013 30 MAY	£159,000	£166,732	5% below HPI
2010 7 APR	£135,000	£160,531	16% below HPI

18 MAGNOLIA DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Harborough local authority area over time, sourced from the HPI. The four 18 MAGNOLIA DRIVE sales between April 2010 and October 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 June 2019 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2024 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 18 MAGNOLIA DRIVE be worth now?

18 MAGNOLIA DRIVE might now be worth an estimated £214,952.

This is based on house price inflation of 4.9%, between October 2024 and December 2024, for semi-detached houses, in the Harborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.9% inflationary increase is applied to the most recent sale price for 18 MAGNOLIA DRIVE of £205,000 on 25th October 2024. For the value to have increased from £205,000 to £214,952 over the ten months to December 2024, the following assumptions must hold true:

• The value of 18 MAGNOLIA DRIVE has moved in line with the HPI for semi-detached houses in the Harborough local authority area.
• The October 2024 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 18 MAGNOLIA DRIVE has not materially changed since October 2024.

How Large is 18 MAGNOLIA DRIVE?

18 MAGNOLIA DRIVE is 53m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 10% of semi-detached houses houses in Lutterworth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lutterworth, and where 18 MAGNOLIA DRIVE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 18 MAGNOLIA DRIVE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Lutterworth.

18 MAGNOLIA DRIVE: Plot and Title Map

18 MAGNOLIA DRIVE sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 18 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 18 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 18 MAGNOLIA DRIVE?

18 MAGNOLIA DRIVE is located in LUTTERWORTH, in the LE17 postcode district. The below map shows the position of No. 18 on MAGNOLIA DRIVE.