MAGNOLIA COTTAGE, VICARAGE LANE, STRETE, DARTMOUTH, TQ6 0RN - £375,000

MAGNOLIA COTTAGE is a very small extended detached house of 80m², built sometime before 1900. It was last sold for £375,000 in December 2017, which was around 16% below the average December 2017 detached price in the South Hams local authority area. The most recent EPC inspection was September 2012, where the current energy rating was E, and the potential energy rating was C.

MAGNOLIA COTTAGE Sold Prices

Land registry data shows five sales for MAGNOLIA COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. All of the five MAGNOLIA COTTAGE 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
2017 15 DEC	£375,000	£448,083	16% below HPI
2013 25 SEP	£330,000	£365,186	10% below HPI
2006 6 JAN	£325,000	£336,915	4% below HPI
2001 16 FEB	£152,000	£161,275	6% below HPI
1997 22 DEC	£60,000	£113,882	47% below HPI

MAGNOLIA COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The five MAGNOLIA COTTAGE sales between December 1997 and December 2017 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 September 2013 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the December 2017 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is MAGNOLIA COTTAGE?

MAGNOLIA COTTAGE is 80m², which includes two extensions, according to the EPC inspection conducted in September 2012. This puts it in the smallest 20% of detached houses in Strete, based on EPC data. The below chart shows the distribution of detached houses by size in Strete, and where MAGNOLIA COTTAGE lies on this distribution: 15% of detached houses are smaller than MAGNOLIA COTTAGE, and 85% of houses are larger. Note that EPC data is not available for all properties in Strete.

MAGNOLIA COTTAGE: Plot and Title Map

MAGNOLIA COTTAGE sits on a plot of roughly 0.038 of an acre, or 155m². The below map shows the location of MAGNOLIA COTTAGE, 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 MAGNOLIA COTTAGE). 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 MAGNOLIA COTTAGE?

MAGNOLIA COTTAGE is located on VICARAGE LANE in STRETE, in the TQ6 postcode district. The below map shows the position of MAGNOLIA COTTAGE on VICARAGE LANE.