MAGNA HOUSE, OLD FAKENHAM ROAD, FOXLEY, DEREHAM, NR20 4QJ - £247,500

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.

MAGNA HOUSE is a midsized extended detached house of 120m², built sometime between 1983 and 1990, which could now be worth an estimated £431,040. It was last sold for £247,500 in September 2011, which was around 16% above the average September 2011 detached price in the Breckland local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

MAGNA HOUSE Sold Prices

Land registry data shows three sales for MAGNA HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the three MAGNA HOUSE 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
2011 16 SEP	£247,500	£212,698	16% above HPI
1999 26 FEB	£95,000	£79,326	20% above HPI
1997 21 JAN	£87,000	£69,327	25% above HPI

MAGNA HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The three MAGNA HOUSE sales between January 1997 and September 2011 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 February 1999 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the September 2011 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might MAGNA HOUSE be worth now?

MAGNA HOUSE might now be worth an estimated £431,040.

This is based on house price inflation of 74.2%, between September 2011 and February 2025, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 74.2% inflationary increase is applied to the most recent sale price for MAGNA HOUSE of £247,500 on 16th September 2011. For the value to have increased from £247,500 to £431,040 over the fourteen years and seven months to February 2025, the following assumptions must hold true:

• The value of MAGNA HOUSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The September 2011 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of MAGNA HOUSE has not materially changed since September 2011.

How Large is MAGNA HOUSE?

MAGNA HOUSE is 120m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the largest 50% of detached houses houses in Foxley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Foxley, and where MAGNA HOUSE lies on this distribution: 51% of detached houses houses are smaller than MAGNA HOUSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Foxley.

MAGNA HOUSE: Plot and Title Map

MAGNA HOUSE sits on a plot of roughly 0.208 of an acre, or 843m². The below map shows the location of MAGNA HOUSE, 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 MAGNA HOUSE). 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 MAGNA HOUSE?

MAGNA HOUSE is located on OLD FAKENHAM ROAD in FOXLEY, in the NR20 postcode district. The below map shows the position of MAGNA HOUSE on OLD FAKENHAM ROAD.