MAGNOLIA HOUSE, RANKSBOROUGH DRIVE, LANGHAM, OAKHAM, LE15 7JR - £467,500

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 large extended detached house of 167m², built sometime between 1991 and 1995. It was last sold for £467,500 in October 2020, which was around 3% above the average October 2020 detached price in the Rutland local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was C.

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 Rutland 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
2020 28 OCT	£467,500	£456,028	3% above HPI
2001 31 JAN	£175,000	£162,821	7% above HPI
1999 26 NOV	£159,950	£123,700	29% above HPI

MAGNOLIA HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rutland local authority area over time, sourced from the HPI. The three MAGNOLIA HOUSE sales between November 1999 and October 2020 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 January 2001 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the October 2020 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is MAGNOLIA HOUSE?

MAGNOLIA HOUSE is 167m², which includes two extensions, according to the EPC inspection conducted in November 2018. This puts it in the largest 40% of detached houses in Langham, based on EPC data. The below chart shows the distribution of detached houses by size in Langham, and where MAGNOLIA HOUSE lies on this distribution: 68% of detached houses are smaller than MAGNOLIA HOUSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Langham.

MAGNOLIA HOUSE: Plot and Title Map

MAGNOLIA HOUSE sits on a plot of roughly 0.148 of an acre, or 601m². 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 RANKSBOROUGH DRIVE in LANGHAM, in the LE15 postcode district. The below map shows the position of MAGNOLIA HOUSE on RANKSBOROUGH DRIVE.