MAGNOLIA, HARDEN ROAD, LYDD, ROMNEY MARSH, TN29 9EN - £280,000

MAGNOLIA is a very small detached house of 75m², built sometime between 2003 and 2006. It was last sold for £280,000 in August 2021, which was around 39% below the average August 2021 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was December 2014, where the current energy rating was B, and the potential energy rating was B.

MAGNOLIA Sold Prices

Land registry data shows four sales for MAGNOLIA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. All of the four MAGNOLIA 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
2021 31 AUG	£280,000	£457,364	39% below HPI
2006 8 FEB	£164,000	£258,333	37% below HPI
2003 8 DEC	£153,000	£237,938	36% below HPI
2003 3 JAN	£130,000	£210,156	38% below HPI

MAGNOLIA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Folkestone and Hythe local authority area over time, sourced from the HPI. The four MAGNOLIA sales between January 2003 and August 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 February 2006 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2021 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is MAGNOLIA?

MAGNOLIA is 75m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 20% of detached houses in Lydd, based on EPC data. The below chart shows the distribution of detached houses by size in Lydd, and where MAGNOLIA lies on this distribution: 19% of detached houses are smaller than MAGNOLIA, and 81% of houses are larger. Note that EPC data is not available for all properties in Lydd.

MAGNOLIA: Plot and Title Map

MAGNOLIA sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of MAGNOLIA, 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). 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?

MAGNOLIA is located on HARDEN ROAD in LYDD, in the TN29 postcode district. The below map shows the position of MAGNOLIA on HARDEN ROAD.