3, MAGNOLIA DRIVE, CHARTHAM, CANTERBURY, CT4 7TG - £403,650

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 MAGNOLIA DRIVE is a small detached house of 112m², built sometime between 2003 and 2006, which could now be worth an estimated £444,971. It was last sold for £403,650 in September 2021, which was around 22% below the average September 2021 detached price in the Canterbury local authority area. The most recent EPC inspection was October 2017, 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 Canterbury local authority area for the corresponding sale date. All of the three 3 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 17 SEP	£403,650	£517,519	22% below HPI
2008 15 OCT	£280,000	£307,139	9% below HPI
2004 30 JUN	£215,000	£263,374	18% below HPI

3 MAGNOLIA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Canterbury local authority area over time, sourced from the HPI. The three 3 MAGNOLIA DRIVE sales between June 2004 and September 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 October 2008 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the September 2021 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 3 MAGNOLIA DRIVE be worth now?

3 MAGNOLIA DRIVE might now be worth an estimated £444,971.

This is based on house price inflation of 10.2%, between September 2021 and February 2025, for detached houses, in the Canterbury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.2% inflationary increase is applied to the most recent sale price for 3 MAGNOLIA DRIVE of £403,650 on 17th September 2021. For the value to have increased from £403,650 to £444,971 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 MAGNOLIA DRIVE has moved in line with the HPI for detached houses in the Canterbury local authority area.
• The September 2021 sale price of £403,650 represented a fair market value for the property.
• The size, condition, and specification of 3 MAGNOLIA DRIVE has not materially changed since September 2021.

How Large is 3 MAGNOLIA DRIVE?

3 MAGNOLIA DRIVE is 112m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 40% of detached houses houses in Shalmsford Street, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shalmsford Street, and where 3 MAGNOLIA DRIVE lies on this distribution: 34% of detached houses houses are smaller than 3 MAGNOLIA DRIVE, and 66% of houses are larger. Note that EPC data is not available for all properties in Shalmsford Street.

3 MAGNOLIA DRIVE: Plot and Title Map

3 MAGNOLIA DRIVE sits on a plot of roughly 0.128 of an acre, or 516m². 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 CHARTHAM, in the CT4 postcode district. The below map shows the position of No. 3 on MAGNOLIA DRIVE.