7, MAGNOLIA CLOSE, WORCESTER, WR5 3SJ - £320,000

7 MAGNOLIA CLOSE is a small detached house of 99m², built sometime between 1983 and 1990. It was last sold for £320,000 in December 2015, which was around 7% above the average December 2015 detached price in the Worcester local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

7 MAGNOLIA CLOSE Sold Prices

Land registry data shows two sales for 7 MAGNOLIA CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Worcester local authority area for the corresponding sale date. One of the two 7 MAGNOLIA CLOSE sales was for above the average price, whilst the other was 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
2015 18 DEC	£320,000	£299,098	7% above HPI
2010 14 APR	£138,000	£248,016	44% below HPI

7 MAGNOLIA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Worcester local authority area over time, sourced from the HPI. The two 7 MAGNOLIA CLOSE sales from April 2010 and December 2015 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 April 2010 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the December 2015 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 7 MAGNOLIA CLOSE?

7 MAGNOLIA CLOSE is 99m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 40% of detached houses in Worcester, based on EPC data. The below chart shows the distribution of detached houses by size in Worcester, and where 7 MAGNOLIA CLOSE lies on this distribution: 35% of detached houses are smaller than 7 MAGNOLIA CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Worcester.

7 MAGNOLIA CLOSE: Plot and Title Map

7 MAGNOLIA CLOSE sits on a plot of roughly 0.133 of an acre, or 540m². The below map shows the location of 7 MAGNOLIA CLOSE, 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 7 MAGNOLIA CLOSE). 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 7 MAGNOLIA CLOSE?

7 MAGNOLIA CLOSE is located in WORCESTER, in the WR5 postcode district. The below map shows the position of No. 7 on MAGNOLIA CLOSE.