MAGNOLIA, MILLBROOK WAY, ORLETON, LUDLOW, SY8 4HW - £230,000

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 is a large detached house of 130m², built sometime between 1967 and 1975. It was last sold for £230,000 in November 2010, which was around 16% below the average November 2010 detached price in the Herefordshire local authority area. The most recent EPC inspection was March 2010, where the current energy rating was E, and the potential energy rating was D.

MAGNOLIA Sold Prices

Land registry data shows two sales for MAGNOLIA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. One of the two MAGNOLIA sales was for below 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
2010 5 NOV	£230,000	£275,185	16% below HPI
2004 27 FEB	£249,000	£224,374	11% above HPI

MAGNOLIA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Herefordshire local authority area over time, sourced from the HPI. The two MAGNOLIA sales from February 2004 and November 2010 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 February 2004 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the November 2010 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is MAGNOLIA?

MAGNOLIA is 130m² according to the EPC inspection conducted in March 2010. This puts it in the largest 40% of detached houses in Orleton, based on EPC data. The below chart shows the distribution of detached houses by size in Orleton, and where MAGNOLIA lies on this distribution: 60% of detached houses are smaller than MAGNOLIA, and 40% of houses are larger. Note that EPC data is not available for all properties in Orleton.

MAGNOLIA: Plot and Title Map

MAGNOLIA sits on a plot of roughly 0.255 of an acre, or 1,031m². The below map shows the location of MAGNOLIA, 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). 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?

MAGNOLIA is located on MILLBROOK WAY in ORLETON, in the SY8 postcode district. The below map shows the position of MAGNOLIA on MILLBROOK WAY.