4, MAGNOLIA DRIVE, LAKENHEATH, BRANDON, IP27 9LS - £255,000

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

4 MAGNOLIA DRIVE is a large detached house of 114m², built sometime between 1996 and 2002. It was last sold for £255,000 in September 2019, which was around 34% below the average September 2019 detached price in the West Suffolk local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was D.

4 MAGNOLIA DRIVE Sold Prices

Land registry data shows two sales for 4 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 West Suffolk local authority area for the corresponding sale date. One of the two 4 MAGNOLIA DRIVE sales was for below the average price, whilst the other was 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
2019 23 SEP	£255,000	£383,509	34% below HPI
1997 30 MAY	£85,000	£83,690	2% above HPI

4 MAGNOLIA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The two 4 MAGNOLIA DRIVE sales from May 1997 and September 2019 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 May 1997 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the September 2019 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 4 MAGNOLIA DRIVE?

4 MAGNOLIA DRIVE is 114m² according to the EPC inspection conducted in November 2010. This puts it in the largest 30% of detached houses in Lakenheath, based on EPC data. The below chart shows the distribution of detached houses by size in Lakenheath, and where 4 MAGNOLIA DRIVE lies on this distribution: 73% of detached houses are smaller than 4 MAGNOLIA DRIVE, and 27% of houses are larger. Note that EPC data is not available for all properties in Lakenheath.

4 MAGNOLIA DRIVE: Plot and Title Map

4 MAGNOLIA DRIVE sits on a plot of roughly 0.211 of an acre, or 855m². The below map shows the location of 4 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 4 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 4 MAGNOLIA DRIVE?

4 MAGNOLIA DRIVE is located in LAKENHEATH, in the IP27 postcode district. The below map shows the position of No. 4 on MAGNOLIA DRIVE.