3, MAGNOLIA CLOSE, WORCESTER, WR5 3SJ - £218,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 MAGNOLIA CLOSE is a very small detached house of 77m², built sometime between 1983 and 1990. It was last sold for £218,000 in May 2010, which was around 14% below the average May 2010 detached price in the Worcester local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was D.

3 MAGNOLIA CLOSE Sold Prices

Land registry data shows three sales for 3 MAGNOLIA CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Worcester local authority area for the corresponding sale date. All of the three 3 MAGNOLIA CLOSE 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
2010 7 MAY	£218,000	£252,197	14% below HPI
2002 25 JAN	£130,000	£161,696	20% below HPI
1998 29 OCT	£92,500	£102,616	10% below HPI

3 MAGNOLIA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Worcester local authority area over time, sourced from the HPI. The three 3 MAGNOLIA CLOSE sales between October 1998 and May 2010 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 2002 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2010 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 3 MAGNOLIA CLOSE?

3 MAGNOLIA CLOSE is 77m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 20% of detached houses in Worcester, based on EPC data. The below chart shows the distribution of detached houses by size in Worcester, and where 3 MAGNOLIA CLOSE lies on this distribution: 11% of detached houses are smaller than 3 MAGNOLIA CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Worcester.

3 MAGNOLIA CLOSE: Plot and Title Map

3 MAGNOLIA CLOSE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 3 MAGNOLIA CLOSE, 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 3 MAGNOLIA CLOSE). 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 3 MAGNOLIA CLOSE?

3 MAGNOLIA CLOSE is located in WORCESTER, in the WR5 postcode district. The below map shows the position of No. 3 on MAGNOLIA CLOSE.