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

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 small extended detached house of 87m², built sometime between 1967 and 1975. It was last sold for £260,000 in June 2023, which was around 43% 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	£452,504	43% below HPI
1997 11 APR	£59,000	£84,979	31% 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 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2023 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

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 in Heathfield, based on EPC data. The below chart shows the distribution of detached houses by size in Heathfield, and where MAGNOLIA lies on this distribution: 38% of detached 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.