23, MAGNOLIA DRIVE, LUTTERWORTH, LE17 4RS - £247,500

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

23 MAGNOLIA DRIVE is a very small detached house of 55m², built sometime between 1983 and 1990. It was last sold for £247,500 in February 2021, which was around 42% below the average February 2021 detached price in the Harborough local authority area. The most recent EPC inspection was August 2015, where the current energy rating was B, and the potential energy rating was B.

23 MAGNOLIA DRIVE Sold Prices

Land registry data shows three sales for 23 MAGNOLIA DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. All of the three 23 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
2021 22 FEB	£247,500	£423,666	42% below HPI
2015 20 NOV	£185,000	£342,308	46% below HPI
1995 27 JAN	£59,500	£92,868	36% below HPI

23 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 three 23 MAGNOLIA DRIVE sales between January 1995 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 November 2015 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the February 2021 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 23 MAGNOLIA DRIVE?

23 MAGNOLIA DRIVE is 55m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 10% of detached houses in Lutterworth, based on EPC data. The below chart shows the distribution of detached houses by size in Lutterworth, and where 23 MAGNOLIA DRIVE lies on this distribution: 1% of detached houses are smaller than 23 MAGNOLIA DRIVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Lutterworth.

23 MAGNOLIA DRIVE: Plot and Title Map

23 MAGNOLIA DRIVE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 23 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 23 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 23 MAGNOLIA DRIVE?

23 MAGNOLIA DRIVE is located in LUTTERWORTH, in the LE17 postcode district. The below map shows the position of No. 23 on MAGNOLIA DRIVE.