4, MAGNOLIA DRIVE, WALSALL, WS5 4SP - £220,000

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 very large detached house of 138m², built sometime between 2003 and 2006. It was last sold for £220,000 in April 2014, which was around 22% above the average April 2014 detached price in the Sandwell local authority area. The most recent EPC inspection was December 2019, where the current energy rating was C, and the potential energy rating was B.

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 Sandwell local authority area for the corresponding sale date. Both of the two 4 MAGNOLIA DRIVE 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
2014 2 APR	£220,000	£180,784	22% above HPI
2004 24 SEP	£247,495	£172,292	44% above HPI

4 MAGNOLIA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sandwell local authority area over time, sourced from the HPI. The two 4 MAGNOLIA DRIVE sales from September 2004 and April 2014 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 September 2004 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the April 2014 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 4 MAGNOLIA DRIVE?

4 MAGNOLIA DRIVE is 138m² according to the EPC inspection conducted in December 2019. This puts it in the largest 20% of detached houses in West Bromwich, based on EPC data. The below chart shows the distribution of detached houses by size in West Bromwich, and where 4 MAGNOLIA DRIVE lies on this distribution: 80% of detached houses are smaller than 4 MAGNOLIA DRIVE, and 19% of houses are larger. Note that EPC data is not available for all properties in West Bromwich.

4 MAGNOLIA DRIVE: Plot and Title Map

4 MAGNOLIA DRIVE sits on a plot of roughly 0.094 of an acre, or 380m². 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 WALSALL, in the WS5 postcode district. The below map shows the position of No. 4 on MAGNOLIA DRIVE.