3, MAGNOLIA WAY, WOKINGHAM, RG41 4BN - £866,000

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 WAY is a very large extended detached house of 181m², built sometime between 1976 and 1982. It was last sold for £866,000 in September 2023, which was around 18% above the average September 2023 detached price in the Wokingham local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

3 MAGNOLIA WAY Sold Prices

Land registry data shows two sales for 3 MAGNOLIA WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. Both of the two 3 MAGNOLIA WAY 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
2023 18 SEP	£866,000	£736,097	18% above HPI
1996 31 OCT	£165,000	£138,923	19% above HPI

3 MAGNOLIA WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wokingham local authority area over time, sourced from the HPI. The two 3 MAGNOLIA WAY sales from October 1996 and September 2023 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 1996 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the September 2023 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 3 MAGNOLIA WAY?

3 MAGNOLIA WAY is 181m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the largest 20% of detached houses in Wokingham, based on EPC data. The below chart shows the distribution of detached houses by size in Wokingham, and where 3 MAGNOLIA WAY lies on this distribution: 81% of detached houses are smaller than 3 MAGNOLIA WAY, and 19% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

3 MAGNOLIA WAY: Plot and Title Map

3 MAGNOLIA WAY sits on a plot of roughly 0.133 of an acre, or 538m². The below map shows the location of 3 MAGNOLIA WAY, 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 WAY). 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 WAY?

3 MAGNOLIA WAY is located in WOKINGHAM, in the RG41 postcode district. The below map shows the position of No. 3 on MAGNOLIA WAY.