MAGNOLIA HOUSE, COLMAN HILL, HALESOWEN, B63 2AJ - £345,000

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.

MAGNOLIA HOUSE is a very large extended detached house of 139m², built sometime between 1900 and 1929, which could now be worth an estimated £555,350. It was last sold for £345,000 in September 2015, which was around 59% above the average September 2015 detached price in the Dudley local authority area. The most recent EPC inspection was July 2011, where the current energy rating was E, and the potential energy rating was D.

MAGNOLIA HOUSE Sold Prices

Land registry data shows three sales for MAGNOLIA 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 Dudley local authority area for the corresponding sale date. All of the three MAGNOLIA 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
2015 16 SEP	£345,000	£216,846	59% above HPI
2012 16 OCT	£315,000	£193,583	63% above HPI
1999 26 NOV	£119,000	£91,023	31% above HPI

MAGNOLIA HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dudley local authority area over time, sourced from the HPI. The three MAGNOLIA HOUSE sales between November 1999 and September 2015 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 October 2012 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the September 2015 sale, where it falls to 59% above the HPI. The line then continues to track at 59% above the HPI.

What might MAGNOLIA HOUSE be worth now?

MAGNOLIA HOUSE might now be worth an estimated £555,350.

This is based on house price inflation of 61%, between September 2015 and March 2025, for detached houses, in the Dudley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 61% inflationary increase is applied to the most recent sale price for MAGNOLIA HOUSE of £345,000 on 16th September 2015. For the value to have increased from £345,000 to £555,350 over the ten years and six months to March 2025, the following assumptions must hold true:

• The value of MAGNOLIA HOUSE has moved in line with the HPI for detached houses in the Dudley local authority area.
• The September 2015 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of MAGNOLIA HOUSE has not materially changed since September 2015.

How Large is MAGNOLIA HOUSE?

MAGNOLIA HOUSE is 139m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the largest 20% of detached houses houses in Halesowen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Halesowen, and where MAGNOLIA HOUSE lies on this distribution: 83% of detached houses houses are smaller than MAGNOLIA HOUSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Halesowen.

MAGNOLIA HOUSE: Plot and Title Map

MAGNOLIA HOUSE sits on a plot of roughly 0.252 of an acre, or 1,018m². The below map shows the location of MAGNOLIA 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 MAGNOLIA 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 MAGNOLIA HOUSE?

MAGNOLIA HOUSE is located on COLMAN HILL in HALESOWEN, in the B63 postcode district. The below map shows the position of MAGNOLIA HOUSE on COLMAN HILL.