MAGNOLIA, TWEENTOWN, CHEDDAR, BS27 3HY - £555,000

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 very large detached house of 163m², built sometime between 1950 and 1966, which could now be worth an estimated £558,379. It was last sold for £555,000 in August 2023, which was around 21% above the average August 2023 detached price in the Somerset local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

MAGNOLIA Sold Prices

Land registry data shows three sales for MAGNOLIA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the three MAGNOLIA 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
2023 11 AUG	£555,000	£457,643	21% above HPI
2010 1 FEB	£385,000	£277,822	39% above HPI
2006 14 SEP	£300,000	£284,508	5% above HPI

MAGNOLIA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Somerset local authority area over time, sourced from the HPI. The three MAGNOLIA sales between September 2006 and August 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 February 2010 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the August 2023 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might MAGNOLIA be worth now?

MAGNOLIA might now be worth an estimated £558,379.

This is based on house price inflation of 0.6%, between August 2023 and February 2025, for detached houses, in the Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.6% inflationary increase is applied to the most recent sale price for MAGNOLIA of £555,000 on 11th August 2023. For the value to have increased from £555,000 to £558,379 over the two years and six 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 Somerset local authority area.
• The August 2023 sale price of £555,000 represented a fair market value for the property.
• The size, condition, and specification of MAGNOLIA has not materially changed since August 2023.

How Large is MAGNOLIA?

MAGNOLIA is 163m² according to the EPC inspection conducted in March 2022. This puts it in the largest 20% of detached houses houses in Cheddar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cheddar, and where MAGNOLIA lies on this distribution: 84% of detached houses houses are smaller than MAGNOLIA, and 15% of houses are larger. Note that EPC data is not available for all properties in Cheddar.

MAGNOLIA: Plot and Title Map

MAGNOLIA sits on a plot of roughly 0.145 of an acre, or 588m². 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 TWEENTOWN in CHEDDAR, in the BS27 postcode district. The below map shows the position of MAGNOLIA on TWEENTOWN.