3, MAGNOLIA ROAD, PENWORTHAM, PRESTON, PR1 0PS - £173,000

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 ROAD is a small detached house of 87m², built sometime between 1976 and 1982, which could now be worth an estimated £258,222. It was last sold for £173,000 in December 2013, which was around 20% below the average December 2013 detached price in the South Ribble local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was C.

3 MAGNOLIA ROAD Sold Prices

Land registry data shows three sales for 3 MAGNOLIA ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. All of the three 3 MAGNOLIA ROAD 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
2013 19 DEC	£173,000	£216,988	20% below HPI
2009 26 AUG	£152,000	£208,288	27% below HPI
2001 28 SEP	£75,000	£107,421	30% below HPI

3 MAGNOLIA ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The three 3 MAGNOLIA ROAD sales between September 2001 and December 2013 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 August 2009 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the December 2013 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 3 MAGNOLIA ROAD be worth now?

3 MAGNOLIA ROAD might now be worth an estimated £258,222.

This is based on house price inflation of 49.3%, between December 2013 and February 2025, for detached houses, in the South Ribble local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 49.3% inflationary increase is applied to the most recent sale price for 3 MAGNOLIA ROAD of £173,000 on 19th December 2013. For the value to have increased from £173,000 to £258,222 over the twelve years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 MAGNOLIA ROAD has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The December 2013 sale price of £173,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MAGNOLIA ROAD has not materially changed since December 2013.

How Large is 3 MAGNOLIA ROAD?

3 MAGNOLIA ROAD is 87m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 30% of detached houses houses in Penwortham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penwortham, and where 3 MAGNOLIA ROAD lies on this distribution: 25% of detached houses houses are smaller than 3 MAGNOLIA ROAD, and 75% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

3 MAGNOLIA ROAD: Plot and Title Map

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

3 MAGNOLIA ROAD is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 3 on MAGNOLIA ROAD.