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

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 very large detached house of 163m², built sometime between 1950 and 1966. It was last sold for £555,000 in August 2023, which was around 25% 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	£443,715	25% above HPI
2010 1 FEB	£385,000	£269,340	43% above HPI
2006 14 SEP	£300,000	£275,821	9% 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 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the August 2023 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

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 in Cheddar, based on EPC data. The below chart shows the distribution of detached houses by size in Cheddar, and where MAGNOLIA lies on this distribution: 83% of detached houses are smaller than MAGNOLIA, and 16% 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.