39, MAGNOLIA DRIVE, LUTTERWORTH, LE17 4RS - £220,000

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.

39 MAGNOLIA DRIVE is a very small detached house of 76m², built sometime between 1976 and 1982, which could now be worth an estimated £316,161. It was last sold for £220,000 in October 2016, which was around 35% below the average October 2016 detached price in the Harborough local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

39 MAGNOLIA DRIVE Sold Prices

Land registry data shows two sales for 39 MAGNOLIA DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. Both of the two 39 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
2016 28 OCT	£220,000	£337,735	35% below HPI
2007 22 AUG	£197,500	£282,249	30% below HPI

39 MAGNOLIA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The two 39 MAGNOLIA DRIVE sales from August 2007 and October 2016 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 2007 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2016 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 39 MAGNOLIA DRIVE be worth now?

39 MAGNOLIA DRIVE might now be worth an estimated £316,161.

This is based on house price inflation of 43.7%, between October 2016 and February 2025, for detached houses, in the Harborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 43.7% inflationary increase is applied to the most recent sale price for 39 MAGNOLIA DRIVE of £220,000 on 28th October 2016. For the value to have increased from £220,000 to £316,161 over the nine years and eight months to February 2025, the following assumptions must hold true:

• The value of 39 MAGNOLIA DRIVE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The October 2016 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 39 MAGNOLIA DRIVE has not materially changed since October 2016.

How Large is 39 MAGNOLIA DRIVE?

39 MAGNOLIA DRIVE is 76m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 10% of detached houses houses in Lutterworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lutterworth, and where 39 MAGNOLIA DRIVE lies on this distribution: 8% of detached houses houses are smaller than 39 MAGNOLIA DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in Lutterworth.

39 MAGNOLIA DRIVE: Plot and Title Map

39 MAGNOLIA DRIVE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 39 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 39 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 39 MAGNOLIA DRIVE?

39 MAGNOLIA DRIVE is located in LUTTERWORTH, in the LE17 postcode district. The below map shows the position of No. 39 on MAGNOLIA DRIVE.