17, MAGNOLIA DRIVE, WALSALL, WS5 4SP - £323,000

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.

17 MAGNOLIA DRIVE is a midsized detached house of 114m², built sometime between 2003 and 2006, which could now be worth an estimated £405,956. It was last sold for £323,000 in June 2021, which was around 24% above the average June 2021 detached price in the Sandwell local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

17 MAGNOLIA DRIVE Sold Prices

Land registry data shows two sales for 17 MAGNOLIA DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. Both of the two 17 MAGNOLIA DRIVE 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
2021 18 JUN	£323,000	£260,004	24% above HPI
2003 28 MAR	£168,995	£122,718	38% above HPI

17 MAGNOLIA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sandwell local authority area over time, sourced from the HPI. The two 17 MAGNOLIA DRIVE sales from March 2003 and June 2021 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 March 2003 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the June 2021 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 17 MAGNOLIA DRIVE be worth now?

17 MAGNOLIA DRIVE might now be worth an estimated £405,956.

This is based on house price inflation of 25.7%, between June 2021 and June 2025, for detached houses, in the Sandwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.7% inflationary increase is applied to the most recent sale price for 17 MAGNOLIA DRIVE of £323,000 on 18th June 2021. For the value to have increased from £323,000 to £405,956 over the four years to June 2025, the following assumptions must hold true:

• The value of 17 MAGNOLIA DRIVE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The June 2021 sale price of £323,000 represented a fair market value for the property.
• The size, condition, and specification of 17 MAGNOLIA DRIVE has not materially changed since June 2021.

How Large is 17 MAGNOLIA DRIVE?

17 MAGNOLIA DRIVE is 114m² according to the EPC inspection conducted in September 2020. This puts it in the largest 50% of detached houses houses in West Bromwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Bromwich, and where 17 MAGNOLIA DRIVE lies on this distribution: 58% of detached houses houses are smaller than 17 MAGNOLIA DRIVE, and 40% of houses are larger. Note that EPC data is not available for all properties in West Bromwich.

17 MAGNOLIA DRIVE: Plot and Title Map

17 MAGNOLIA DRIVE sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 17 MAGNOLIA DRIVE, 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 17 MAGNOLIA DRIVE). 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 17 MAGNOLIA DRIVE?

17 MAGNOLIA DRIVE is located in WALSALL, in the WS5 postcode district. The below map shows the position of No. 17 on MAGNOLIA DRIVE.