MAGNOLIA, HIGHER GARDENS, CORFE CASTLE, WAREHAM, BH20 5ES - £455,000

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 very large detached house of 160m², built sometime between 1967 and 1975. It was last sold for £455,000 in January 2005, which was around 60% above the average January 2005 detached price in the Dorset local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

MAGNOLIA Sold Prices

Land registry data shows four sales for MAGNOLIA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. All of the four MAGNOLIA 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
2005 24 JAN	£455,000	£283,616	60% above HPI
2004 9 FEB	£360,000	£262,992	37% above HPI
1999 10 AUG	£190,000	£136,658	39% above HPI
1997 31 JAN	£125,000	£98,554	27% above HPI

MAGNOLIA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The four MAGNOLIA sales between January 1997 and January 2005 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 2004 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the January 2005 sale, where it rises to 60% above the HPI. The line then continues to track at 60% above the HPI.

How Large is MAGNOLIA?

MAGNOLIA is 160m² according to the EPC inspection conducted in July 2023. This puts it in the largest 20% of detached houses in Corfe Castle, based on EPC data. The below chart shows the distribution of detached houses by size in Corfe Castle, and where MAGNOLIA lies on this distribution: 83% of detached houses are smaller than MAGNOLIA, and 17% of houses are larger. Note that EPC data is not available for all properties in Corfe Castle.

MAGNOLIA: Plot and Title Map

MAGNOLIA sits on a plot of roughly 0.183 of an acre, or 741m². 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 HIGHER GARDENS in CORFE CASTLE, in the BH20 postcode district. The below map shows the position of MAGNOLIA on HIGHER GARDENS.