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

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

2 MAGNOLIA DRIVE is a very small extended detached house of 88m², built sometime between 1967 and 1975. It was last sold for £297,500 in January 2023, which was around 38% 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	£480,507	38% below HPI
2003 24 JAN	£141,500	£198,890	29% 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 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the January 2023 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

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 in Lutterworth, based on EPC data. The below chart shows the distribution of detached houses by size in Lutterworth, and where 2 MAGNOLIA DRIVE lies on this distribution: 16% of detached 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.