3, MAGNOLIA DRIVE, BANSTEAD, SM7 1AW - £460,500

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 DRIVE is a midsized extended semi-detached house of 144m², built sometime from 2007 onwards. It was last sold for £460,500 in July 2009, which was around 6% above the average July 2009 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2009, where the current energy rating was C, and the potential energy rating was B.

3 MAGNOLIA DRIVE Sold Prices

Land registry data shows three sales for 3 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 Reigate and Banstead local authority area for the corresponding sale date. All of the three 3 MAGNOLIA DRIVE sales were for above 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 10 JUL	£460,500	£432,942	6% above HPI
2006 15 DEC	£1,100,000	£443,051	148% above HPI
2001 12 NOV	£370,000	£319,193	16% above HPI

3 MAGNOLIA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The three 3 MAGNOLIA DRIVE sales between November 2001 and July 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 December 2006 sale was for 148% above the HPI. So the extrapolation line tracks at 148% above the HPI over time, until the July 2009 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 3 MAGNOLIA DRIVE?

3 MAGNOLIA DRIVE is 144m², which includes one extension, according to the EPC inspection conducted in May 2009. This puts it in the smallest 50% of detached houses in Nork, based on EPC data. The below chart shows the distribution of detached houses by size in Nork, and where 3 MAGNOLIA DRIVE lies on this distribution: 48% of detached houses are smaller than 3 MAGNOLIA DRIVE, and 52% of houses are larger. Note that EPC data is not available for all properties in Nork.

3 MAGNOLIA DRIVE: Plot and Title Map

3 MAGNOLIA DRIVE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 3 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 3 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 3 MAGNOLIA DRIVE?

3 MAGNOLIA DRIVE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 3 on MAGNOLIA DRIVE.