2, MAGNOLIA WALK, QUEDGELEY, GLOUCESTER, GL2 4GD - £275,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MAGNOLIA WALK is a very small extended detached house of 77m², built sometime between 1991 and 1995, which could now be worth an estimated £327,021. It was last sold for £275,000 in February 2021, which was around 21% below the average February 2021 detached price in the Gloucester local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

2 MAGNOLIA WALK Sold Prices

Land registry data shows four sales for 2 MAGNOLIA WALK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gloucester local authority area for the corresponding sale date. All of the four 2 MAGNOLIA WALK 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
2021 16 FEB	£275,000	£345,958	21% below HPI
2015 21 OCT	£208,500	£264,207	21% below HPI
2006 11 AUG	£189,000	£226,941	17% below HPI
2002 27 MAR	£124,500	£142,905	13% below HPI

2 MAGNOLIA WALK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gloucester local authority area over time, sourced from the HPI. The four 2 MAGNOLIA WALK sales between March 2002 and February 2021 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 October 2015 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the February 2021 sale, which was also at 21% below the HPI.

What might 2 MAGNOLIA WALK be worth now?

2 MAGNOLIA WALK might now be worth an estimated £327,021.

This is based on house price inflation of 18.9%, between February 2021 and February 2025, for detached houses, in the Gloucester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.9% inflationary increase is applied to the most recent sale price for 2 MAGNOLIA WALK of £275,000 on 16th February 2021. For the value to have increased from £275,000 to £327,021 over the four years to February 2025, the following assumptions must hold true:

• The value of 2 MAGNOLIA WALK has moved in line with the HPI for detached houses in the Gloucester local authority area.
• The February 2021 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MAGNOLIA WALK has not materially changed since February 2021.

How Large is 2 MAGNOLIA WALK?

2 MAGNOLIA WALK is 77m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the smallest 20% of detached houses houses in Quedgeley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Quedgeley, and where 2 MAGNOLIA WALK lies on this distribution: 13% of detached houses houses are smaller than 2 MAGNOLIA WALK, and 85% of houses are larger. Note that EPC data is not available for all properties in Quedgeley.

2 MAGNOLIA WALK: Plot and Title Map

2 MAGNOLIA WALK sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 2 MAGNOLIA WALK, 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 WALK). 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 WALK?

2 MAGNOLIA WALK is located in QUEDGELEY, in the GL2 postcode district. The below map shows the position of No. 2 on MAGNOLIA WALK.