7, MAGNOLIA WAY, FLEET, GU52 7JZ - £415,000

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 WAY is a very small detached house of 103m², built sometime between 1967 and 1975, which could now be worth an estimated £509,772. It was last sold for £415,000 in February 2017, which was around 34% below the average February 2017 detached price in the Hart 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.

7 MAGNOLIA WAY Sold Prices

Land registry data shows two sales for 7 MAGNOLIA WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Hart local authority area for the corresponding sale date. Both of the two 7 MAGNOLIA WAY 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
2017 8 FEB	£415,000	£628,320	34% below HPI
2000 9 JUN	£187,500	£267,800	30% below HPI

7 MAGNOLIA WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hart local authority area over time, sourced from the HPI. The two 7 MAGNOLIA WAY sales from June 2000 and February 2017 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 June 2000 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2017 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 7 MAGNOLIA WAY be worth now?

7 MAGNOLIA WAY might now be worth an estimated £509,772.

This is based on house price inflation of 22.8%, between February 2017 and February 2025, for detached houses, in the Hart local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.8% inflationary increase is applied to the most recent sale price for 7 MAGNOLIA WAY of £415,000 on 8th February 2017. For the value to have increased from £415,000 to £509,772 over the eight years to February 2025, the following assumptions must hold true:

• The value of 7 MAGNOLIA WAY has moved in line with the HPI for detached houses in the Hart local authority area.
• The February 2017 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MAGNOLIA WAY has not materially changed since February 2017.

How Large is 7 MAGNOLIA WAY?

7 MAGNOLIA WAY is 103m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 20% of detached houses houses in Fleet, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fleet, and where 7 MAGNOLIA WAY lies on this distribution: 19% of detached houses houses are smaller than 7 MAGNOLIA WAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Fleet.

7 MAGNOLIA WAY: Plot and Title Map

7 MAGNOLIA WAY sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 7 MAGNOLIA WAY, 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 WAY). 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 WAY?

7 MAGNOLIA WAY is located in FLEET, in the GU52 postcode district. The below map shows the position of No. 7 on MAGNOLIA WAY.