MAGNOLIA, OLD NEWTON ROAD, HEATHFIELD, NEWTON ABBOT, TQ12 6RE - £260,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MAGNOLIA is a small extended detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £262,708. It was last sold for £260,000 in June 2023, which was around 44% below the average June 2023 detached price in the Teignbridge local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was C.

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 Teignbridge local authority area for the corresponding sale date. Both of the two MAGNOLIA 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
2023 23 JUN	£260,000	£462,645	44% below HPI
1997 11 APR	£59,000	£86,883	32% below HPI

MAGNOLIA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Teignbridge local authority area over time, sourced from the HPI. The two MAGNOLIA sales from April 1997 and June 2023 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 April 1997 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2023 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might MAGNOLIA be worth now?

MAGNOLIA might now be worth an estimated £262,708.

This is based on house price inflation of 1%, between June 2023 and February 2025, for detached houses, in the Teignbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1% inflationary increase is applied to the most recent sale price for MAGNOLIA of £260,000 on 23rd June 2023. For the value to have increased from £260,000 to £262,708 over the two years and four months to February 2025, the following assumptions must hold true:

• The value of MAGNOLIA has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The June 2023 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of MAGNOLIA has not materially changed since June 2023.

How Large is MAGNOLIA?

MAGNOLIA is 87m², which includes two extensions, according to the EPC inspection conducted in March 2014. This puts it in the smallest 40% of detached houses houses in Heathfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heathfield, and where MAGNOLIA lies on this distribution: 37% of detached houses houses are smaller than MAGNOLIA, and 63% of houses are larger. Note that EPC data is not available for all properties in Heathfield.

MAGNOLIA: Plot and Title Map

MAGNOLIA sits on a plot of roughly 0.104 of an acre, or 422m². 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 OLD NEWTON ROAD in HEATHFIELD, in the TQ12 postcode district. The below map shows the position of MAGNOLIA on OLD NEWTON ROAD.