THE MAGNOLIAS, HIGHER ODCOMBE, YEOVIL, BA22 8UQ - £530,500

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.

THE MAGNOLIAS is a midsized extended detached house of 134m², built sometime between 1976 and 1982, which could now be worth an estimated £521,215. It was last sold for £530,500 in September 2022, which was around 13% above the average September 2022 detached price in the Somerset local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

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 Somerset local authority area for the corresponding sale date. Both of the two THE MAGNOLIAS 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
2022 23 SEP	£530,500	£468,631	13% above HPI
2014 7 NOV	£337,500	£301,352	12% above HPI

THE MAGNOLIAS 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 two THE MAGNOLIAS sales from November 2014 and September 2022 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 2014 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the September 2022 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might THE MAGNOLIAS be worth now?

THE MAGNOLIAS might now be worth an estimated £521,215.

This is based on house price deflation of 1.8%, between September 2022 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 1.8% deflationary decrease is applied to the most recent sale price for THE MAGNOLIAS of £530,500 on 23rd September 2022. For the value to have decreased from £530,500 to £521,215 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of THE MAGNOLIAS has moved in line with the HPI for detached houses in the Somerset local authority area.
• The September 2022 sale price of £530,500 represented a fair market value for the property.
• The size, condition, and specification of THE MAGNOLIAS has not materially changed since September 2022.

How Large is THE MAGNOLIAS?

THE MAGNOLIAS is 134m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the largest 50% of detached houses houses in Odcombe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Odcombe, and where THE MAGNOLIAS lies on this distribution: 53% of detached houses houses are smaller than THE MAGNOLIAS, and 47% of houses are larger. Note that EPC data is not available for all properties in Odcombe.

THE MAGNOLIAS: Plot and Title Map

THE MAGNOLIAS sits on a plot of roughly 0.132 of an acre, or 533m². 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 in HIGHER ODCOMBE, in the BA22 postcode district. The below map shows the position of THE MAGNOLIAS in HIGHER ODCOMBE.