MAGNOLIA HOUSE, FORE STREET, OTHERY, BRIDGWATER, TA7 0QQ - £205,700

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 HOUSE is a small extended detached house of 113m², built sometime between 1976 and 1982. It was last sold for £205,700 in December 2015, which was around 34% below the average December 2015 detached price in the Somerset local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was C.

MAGNOLIA HOUSE Sold Prices

Land registry data shows two sales for MAGNOLIA HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. Both of the two MAGNOLIA HOUSE 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
2015 18 DEC	£205,700	£310,097	34% below HPI
1999 9 JUL	£86,000	£112,454	24% below HPI

MAGNOLIA HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Somerset local authority area over time, sourced from the HPI. The two MAGNOLIA HOUSE sales from July 1999 and December 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 July 1999 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the December 2015 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is MAGNOLIA HOUSE?

MAGNOLIA HOUSE is 113m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 30% of detached houses in Othery, based on EPC data. The below chart shows the distribution of detached houses by size in Othery, and where MAGNOLIA HOUSE lies on this distribution: 28% of detached houses are smaller than MAGNOLIA HOUSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Othery.

MAGNOLIA HOUSE: Plot and Title Map

MAGNOLIA HOUSE sits on a plot of roughly 0.121 of an acre, or 490m². 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 FORE STREET in OTHERY, in the TA7 postcode district. The below map shows the position of MAGNOLIA HOUSE on FORE STREET.