MAGNOLIA HOUSE, KITE HILL, WOOTTON BRIDGE, RYDE, PO33 4LE - £598,000

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 HOUSE is a midsized extended detached house of 173m², built sometime between 1930 and 1949. It was last sold for £598,000 in January 2021, which was around 63% above the average January 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2020, where the current energy rating was E, and the potential energy rating was D.

MAGNOLIA HOUSE Sold Prices

Land registry data shows six sales for MAGNOLIA HOUSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the six 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
2021 19 JAN	£598,000	£366,659	63% above HPI
2013 11 DEC	£475,000	£259,966	83% above HPI
2010 29 OCT	£395,000	£258,688	53% above HPI
2006 1 AUG	£425,000	£246,160	73% above HPI
2003 31 MAR	£380,000	£187,282	103% above HPI
2001 21 FEB	£275,000	£131,882	109% above HPI

MAGNOLIA HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The six MAGNOLIA HOUSE sales between February 2001 and January 2021 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 December 2013 sale was for 83% above the HPI. So the extrapolation line tracks at 83% above the HPI over time, until the January 2021 sale, where it falls to 63% above the HPI. The line then continues to track at 63% above the HPI.

How Large is MAGNOLIA HOUSE?

MAGNOLIA HOUSE is 173m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the largest 50% of detached houses in Fishbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Fishbourne, and where MAGNOLIA HOUSE lies on this distribution: 56% of detached houses are smaller than MAGNOLIA HOUSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Fishbourne.

MAGNOLIA HOUSE: Plot and Title Map

MAGNOLIA HOUSE sits on a plot of roughly 0.297 of an acre, or 1,202m². 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 KITE HILL in WOOTTON BRIDGE, in the PO33 postcode district. The below map shows the position of MAGNOLIA HOUSE on KITE HILL.