2, MAGDALENE WAY, HUCKNALL, NOTTINGHAM, NG15 7DJ - £125,000

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

2 MAGDALENE WAY is a very small detached house of 51m², built sometime between 1983 and 1990. It was last sold for £125,000 in March 2014, which was around 20% below the average March 2014 detached price in the Ashfield local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was B.

2 MAGDALENE WAY Sold Prices

Land registry data shows three sales for 2 MAGDALENE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ashfield local authority area for the corresponding sale date. All of the three 2 MAGDALENE WAY 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
2014 14 MAR	£125,000	£155,912	20% below HPI
2012 31 MAY	£125,000	£143,945	13% below HPI
1997 4 JUL	£54,000	£58,279	7% below HPI

2 MAGDALENE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ashfield local authority area over time, sourced from the HPI. The three 2 MAGDALENE WAY sales between July 1997 and March 2014 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 May 2012 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the March 2014 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 2 MAGDALENE WAY?

2 MAGDALENE WAY is 51m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 10% of detached houses in Hucknall, based on EPC data. The below chart shows the distribution of detached houses by size in Hucknall, and where 2 MAGDALENE WAY lies on this distribution: 1% of detached houses are smaller than 2 MAGDALENE WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Hucknall.

2 MAGDALENE WAY: Plot and Title Map

2 MAGDALENE WAY sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 2 MAGDALENE WAY, 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 2 MAGDALENE WAY). 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 2 MAGDALENE WAY?

2 MAGDALENE WAY is located in HUCKNALL, in the NG15 postcode district. The below map shows the position of No. 2 on MAGDALENE WAY.