THE MAGNOLIAS, CANON PYON ROAD, HEREFORD, HR4 7RB - £350,000

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

THE MAGNOLIAS is a very large extended detached house of 162m², built sometime between 1930 and 1949. It was last sold for £350,000 in October 2020, which was around 5% below the average October 2020 detached price in the Herefordshire local authority area. The most recent EPC inspection was May 2017, where the current energy rating was E, and the potential energy rating was C.

THE MAGNOLIAS Sold Prices

Land registry data shows two sales for THE MAGNOLIAS 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. Both of the two THE MAGNOLIAS 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
2020 9 OCT	£350,000	£369,070	5% below HPI
2017 10 NOV	£285,000	£326,207	13% below HPI

THE MAGNOLIAS 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 THE MAGNOLIAS sales from November 2017 and October 2020 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 November 2017 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2020 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is THE MAGNOLIAS?

THE MAGNOLIAS is 162m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the largest 20% of detached houses in Hereford, based on EPC data. The below chart shows the distribution of detached houses by size in Hereford, and where THE MAGNOLIAS lies on this distribution: 85% of detached houses are smaller than THE MAGNOLIAS, and 14% of houses are larger. Note that EPC data is not available for all properties in Hereford.

THE MAGNOLIAS: Plot and Title Map

THE MAGNOLIAS sits on a plot of roughly 0.248 of an acre, or 1,004m². The below map shows the location of THE MAGNOLIAS, 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 THE MAGNOLIAS). 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 THE MAGNOLIAS?

THE MAGNOLIAS is located on CANON PYON ROAD in HEREFORD, in the HR4 postcode district. The below map shows the position of THE MAGNOLIAS on CANON PYON ROAD.