7, MAGNOLIA CLOSE, FULWOOD, PRESTON, PR2 9PB - £200,000

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.

7 MAGNOLIA CLOSE is a small detached house of 90m², built sometime between 1991 and 1995, which could now be worth an estimated £254,912. It was last sold for £200,000 in August 2007, which was around 22% below the average August 2007 detached price in the Preston local authority area. The most recent EPC inspection was January 2017, where the current energy rating was B, and the potential energy rating was A.

7 MAGNOLIA CLOSE Sold Prices

Land registry data shows two sales for 7 MAGNOLIA CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Preston local authority area for the corresponding sale date. One of the two 7 MAGNOLIA CLOSE sales was for below the average price, whilst the other was roughly equal to 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
2007 31 AUG	£200,000	£257,788	22% below HPI
2002 13 DEC	£136,000	£136,545	Close to HPI

7 MAGNOLIA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Preston local authority area over time, sourced from the HPI. The two 7 MAGNOLIA CLOSE sales from December 2002 and August 2007 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 December 2002 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2007 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 7 MAGNOLIA CLOSE be worth now?

7 MAGNOLIA CLOSE might now be worth an estimated £254,912.

This is based on house price inflation of 27.5%, between August 2007 and February 2025, for detached houses, in the Preston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.5% inflationary increase is applied to the most recent sale price for 7 MAGNOLIA CLOSE of £200,000 on 31st August 2007. For the value to have increased from £200,000 to £254,912 over the eighteen years and six months to February 2025, the following assumptions must hold true:

• The value of 7 MAGNOLIA CLOSE has moved in line with the HPI for detached houses in the Preston local authority area.
• The August 2007 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MAGNOLIA CLOSE has not materially changed since August 2007.

How Large is 7 MAGNOLIA CLOSE?

7 MAGNOLIA CLOSE is 90m² according to the EPC inspection conducted in January 2017. This puts it in the smallest 40% of detached houses houses in Preston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Preston, and where 7 MAGNOLIA CLOSE lies on this distribution: 32% of detached houses houses are smaller than 7 MAGNOLIA CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Preston.

7 MAGNOLIA CLOSE: Plot and Title Map

7 MAGNOLIA CLOSE sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 7 MAGNOLIA CLOSE, 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 7 MAGNOLIA CLOSE). 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 7 MAGNOLIA CLOSE?

7 MAGNOLIA CLOSE is located in FULWOOD, in the PR2 postcode district. The below map shows the position of No. 7 on MAGNOLIA CLOSE.