MAGNOLIA HOUSE, LIME KILN LANE, THETFORD, IP24 2BU - £357,000

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 HOUSE is a very large detached house of 151m², built sometime between 1996 and 2002. It was last sold for £357,000 in April 2022, which was about the average April 2022 detached price in the Breckland local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, 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 Breckland local authority area for the corresponding sale date. One of the two MAGNOLIA HOUSE sales was roughly equal to 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
2022 1 APR	£357,000	£356,530	Close to HPI
2020 4 SEP	£347,000	£314,912	10% above HPI

MAGNOLIA HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two MAGNOLIA HOUSE sales from September 2020 and April 2022 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 September 2020 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the April 2022 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is MAGNOLIA HOUSE?

MAGNOLIA HOUSE is 151m² according to the EPC inspection conducted in February 2020. This puts it in the largest 20% of detached houses in Thetford, based on EPC data. The below chart shows the distribution of detached houses by size in Thetford, and where MAGNOLIA HOUSE lies on this distribution: 85% of detached houses are smaller than MAGNOLIA HOUSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Thetford.

MAGNOLIA HOUSE: Plot and Title Map

MAGNOLIA HOUSE sits on a plot of roughly 0.110 of an acre, or 444m². 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 LIME KILN LANE in THETFORD, in the IP24 postcode district. The below map shows the position of MAGNOLIA HOUSE on LIME KILN LANE.