MAGNOLIA, BLACKSMITHS LANE, HAPPISBURGH, NORWICH, NR12 0QT - £240,000

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

MAGNOLIA is a small detached house of 86m², built sometime between 1976 and 1982. It was last sold for £240,000 in March 2020, which was around 32% below the average March 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2018, where the current energy rating was E, and the potential energy rating was C.

MAGNOLIA Sold Prices

Land registry data shows two sales for MAGNOLIA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two MAGNOLIA 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
2020 17 MAR	£240,000	£354,676	32% below HPI
2006 24 NOV	£170,000	£232,229	27% below HPI

MAGNOLIA Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The two MAGNOLIA sales from November 2006 and March 2020 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 2006 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the March 2020 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is MAGNOLIA?

MAGNOLIA is 86m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 40% of detached houses in Happisburgh, based on EPC data. The below chart shows the distribution of detached houses by size in Happisburgh, and where MAGNOLIA lies on this distribution: 31% of detached houses are smaller than MAGNOLIA, and 68% of houses are larger. Note that EPC data is not available for all properties in Happisburgh.

MAGNOLIA: Plot and Title Map

MAGNOLIA sits on a plot of roughly 0.149 of an acre, or 605m². The below map shows the location of MAGNOLIA, 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 MAGNOLIA). 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 MAGNOLIA?

MAGNOLIA is located on BLACKSMITHS LANE in HAPPISBURGH, in the NR12 postcode district. The below map shows the position of MAGNOLIA on BLACKSMITHS LANE.