5, MAGNOLIA DRIVE, RENDLESHAM, WOODBRIDGE, IP12 2GB - £320,000

5 MAGNOLIA DRIVE is a small detached house of 121m², built sometime between 2003 and 2006. It was last sold for £320,000 in June 2020, which was around 9% below the average June 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

5 MAGNOLIA DRIVE Sold Prices

Land registry data shows two sales for 5 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 East Suffolk local authority area for the corresponding sale date. Both of the two 5 MAGNOLIA DRIVE 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 JUN	£320,000	£352,260	9% below HPI
2005 8 JUL	£190,000	£223,310	15% below HPI

5 MAGNOLIA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two 5 MAGNOLIA DRIVE sales from July 2005 and June 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 July 2005 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2020 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 5 MAGNOLIA DRIVE?

5 MAGNOLIA DRIVE is 121m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 30% of detached houses in Rendlesham, based on EPC data. The below chart shows the distribution of detached houses by size in Rendlesham, and where 5 MAGNOLIA DRIVE lies on this distribution: 27% of detached houses are smaller than 5 MAGNOLIA DRIVE, and 71% of houses are larger. Note that EPC data is not available for all properties in Rendlesham.

5 MAGNOLIA DRIVE: Plot and Title Map

5 MAGNOLIA DRIVE sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 5 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 5 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 5 MAGNOLIA DRIVE?

5 MAGNOLIA DRIVE is located in RENDLESHAM, in the IP12 postcode district. The below map shows the position of No. 5 on MAGNOLIA DRIVE.