MAGNOLIA, CHAPEL WALK, SCOTHERN, LINCOLN, LN2 2UH - £173,000

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

MAGNOLIA is a very small semi-detached house of 95m², built sometime before 1900. It was last sold for £173,000 in August 2014, which was around 5% below the average August 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2010, where the current energy rating was E, and the potential energy rating was D.

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 West Lindsey local authority area for the corresponding sale date. One of the two MAGNOLIA sales was for below the average price, whilst the other was 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
2014 22 AUG	£173,000	£182,973	5% below HPI
2003 22 AUG	£167,500	£142,657	17% above HPI

MAGNOLIA Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two MAGNOLIA sales from August 2003 and August 2014 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 August 2003 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the August 2014 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is MAGNOLIA?

MAGNOLIA is 95m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 10% of detached houses in Scothern, based on EPC data. The below chart shows the distribution of detached houses by size in Scothern, and where MAGNOLIA lies on this distribution: 9% of detached houses are smaller than MAGNOLIA, and 91% of houses are larger. Note that EPC data is not available for all properties in Scothern.

MAGNOLIA: Plot and Title Map

MAGNOLIA sits on a plot of roughly 0.023 of an acre, or 93m². 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 CHAPEL WALK in SCOTHERN, in the LN2 postcode district. The below map shows the position of MAGNOLIA on CHAPEL WALK.