5, MAGNOLIA GROVE, FAIR OAK, EASTLEIGH, SO50 7LH - £490,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 MAGNOLIA GROVE is a large detached house of 131m², built sometime between 1967 and 1975. It was last sold for £490,000 in September 2018, which was around 7% above the average September 2018 detached price in the Eastleigh local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was C.

5 MAGNOLIA GROVE Sold Prices

Land registry data shows two sales for 5 MAGNOLIA GROVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Eastleigh local authority area for the corresponding sale date. Both of the two 5 MAGNOLIA GROVE 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
2018 3 SEP	£490,000	£458,216	7% above HPI
2015 27 NOV	£450,000	£396,133	14% above HPI

5 MAGNOLIA GROVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Eastleigh local authority area over time, sourced from the HPI. The two 5 MAGNOLIA GROVE sales from November 2015 and September 2018 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 November 2015 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the September 2018 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 5 MAGNOLIA GROVE?

5 MAGNOLIA GROVE is 131m² according to the EPC inspection conducted in September 2012. This puts it in the largest 30% of detached houses in Eastleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Eastleigh, and where 5 MAGNOLIA GROVE lies on this distribution: 74% of detached houses are smaller than 5 MAGNOLIA GROVE, and 25% of houses are larger. Note that EPC data is not available for all properties in Eastleigh.

5 MAGNOLIA GROVE: Plot and Title Map

5 MAGNOLIA GROVE sits on a plot of roughly 0.101 of an acre, or 411m². The below map shows the location of 5 MAGNOLIA GROVE, 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 5 MAGNOLIA GROVE). 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 5 MAGNOLIA GROVE?

5 MAGNOLIA GROVE is located in FAIR OAK, in the SO50 postcode district. The below map shows the position of No. 5 on MAGNOLIA GROVE.