24, MAGNOLIA DRIVE, THE ROCK, TELFORD, TF3 5EG - £255,000

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

24 MAGNOLIA DRIVE is a midsized detached house of 119m², built sometime between 1996 and 2002. It was last sold for £255,000 in May 2021, which was around 13% below the average May 2021 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was January 2021, where the current energy rating was D, and the potential energy rating was B.

24 MAGNOLIA DRIVE Sold Prices

Land registry data shows two sales for 24 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 Telford and Wrekin local authority area for the corresponding sale date. Both of the two 24 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 20 MAY	£255,000	£293,370	13% below HPI
2009 23 SEP	£180,000	£205,357	12% below HPI

24 MAGNOLIA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Telford and Wrekin local authority area over time, sourced from the HPI. The two 24 MAGNOLIA DRIVE sales from September 2009 and May 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 September 2009 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the May 2021 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 24 MAGNOLIA DRIVE?

24 MAGNOLIA DRIVE is 119m² according to the EPC inspection conducted in January 2021. This puts it in the largest 50% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 24 MAGNOLIA DRIVE lies on this distribution: 58% of detached houses are smaller than 24 MAGNOLIA DRIVE, and 41% of houses are larger. Note that EPC data is not available for all properties in Telford.

24 MAGNOLIA DRIVE: Plot and Title Map

24 MAGNOLIA DRIVE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 24 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 24 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 24 MAGNOLIA DRIVE?

24 MAGNOLIA DRIVE is located in THE ROCK, in the TF3 postcode district. The below map shows the position of No. 24 on MAGNOLIA DRIVE.