2, MAGNOLIA WAY, NORTH HOLMWOOD, DORKING, RH5 4TR - £425,000

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 WAY is a very small detached house of 102m², built sometime between 1983 and 1990. It was last sold for £425,000 in August 2009, which was around 15% below the average August 2009 detached price in the Mole Valley local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was C.

2 MAGNOLIA WAY Sold Prices

Land registry data shows two sales for 2 MAGNOLIA WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mole Valley local authority area for the corresponding sale date. Both of the two 2 MAGNOLIA 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
2009 6 AUG	£425,000	£497,473	15% below HPI
2001 27 NOV	£320,000	£359,247	11% below HPI

2 MAGNOLIA WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mole Valley local authority area over time, sourced from the HPI. The two 2 MAGNOLIA WAY sales from November 2001 and August 2009 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 November 2001 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the August 2009 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 MAGNOLIA WAY?

2 MAGNOLIA WAY is 102m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 20% of detached houses in Dorking, based on EPC data. The below chart shows the distribution of detached houses by size in Dorking, and where 2 MAGNOLIA WAY lies on this distribution: 18% of detached houses are smaller than 2 MAGNOLIA WAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Dorking.

2 MAGNOLIA WAY: Plot and Title Map

2 MAGNOLIA WAY sits on a plot of roughly 0.136 of an acre, or 552m². The below map shows the location of 2 MAGNOLIA 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 MAGNOLIA 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 MAGNOLIA WAY?

2 MAGNOLIA WAY is located in NORTH HOLMWOOD, in the RH5 postcode district. The below map shows the position of No. 2 on MAGNOLIA WAY.