2, MAGNOLIA DRIVE, LUTTERWORTH, LE17 4RS - £297,500

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

2 MAGNOLIA DRIVE is a very small extended detached house of 88m², built sometime between 1967 and 1975, which could now be worth an estimated £317,479. It was last sold for £297,500 in January 2023, which was around 36% below the average January 2023 detached price in the Harborough local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

2 MAGNOLIA DRIVE Sold Prices

Land registry data shows two sales for 2 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 Harborough local authority area for the corresponding sale date. Both of the two 2 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
2023 20 JAN	£297,500	£461,829	36% below HPI
2003 24 JAN	£141,500	£191,159	26% below HPI

2 MAGNOLIA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The two 2 MAGNOLIA DRIVE sales from January 2003 and January 2023 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 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the January 2023 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 2 MAGNOLIA DRIVE be worth now?

2 MAGNOLIA DRIVE might now be worth an estimated £317,479.

This is based on house price inflation of 6.7%, between January 2023 and December 2024, for 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 6.7% inflationary increase is applied to the most recent sale price for 2 MAGNOLIA DRIVE of £297,500 on 20th January 2023. For the value to have increased from £297,500 to £317,479 over the one month to December 2024, the following assumptions must hold true:

• The value of 2 MAGNOLIA DRIVE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The January 2023 sale price of £297,500 represented a fair market value for the property.
• The size, condition, and specification of 2 MAGNOLIA DRIVE has not materially changed since January 2023.

How Large is 2 MAGNOLIA DRIVE?

2 MAGNOLIA DRIVE is 88m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the smallest 20% of detached houses houses in Lutterworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lutterworth, and where 2 MAGNOLIA DRIVE lies on this distribution: 16% of detached houses houses are smaller than 2 MAGNOLIA DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Lutterworth.

2 MAGNOLIA DRIVE: Plot and Title Map

2 MAGNOLIA DRIVE sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 2 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 2 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 2 MAGNOLIA DRIVE?

2 MAGNOLIA DRIVE is located in LUTTERWORTH, in the LE17 postcode district. The below map shows the position of No. 2 on MAGNOLIA DRIVE.