MAGNOLIA, POST OFFICE LANE, SOUTH CHARD, CHARD, TA20 2PQ - £300,000

MAGNOLIA is a very small detached house of 83m², built sometime between 1950 and 1966. It was last sold for £300,000 in July 2017, which was around 11% below the average July 2017 detached price in the Somerset local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was C.

MAGNOLIA Sold Prices

Land registry data shows three sales for MAGNOLIA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. Two of the three MAGNOLIA sales were for below the average price, whilst one was 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
2017 7 JUL	£300,000	£338,873	11% below HPI
2013 6 SEP	£285,000	£278,043	3% above HPI
2006 1 SEP	£217,000	£275,821	21% below HPI

MAGNOLIA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Somerset local authority area over time, sourced from the HPI. The three MAGNOLIA sales between September 2006 and July 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 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the July 2017 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is MAGNOLIA?

MAGNOLIA is 83m² according to the EPC inspection conducted in August 2010. This puts it in the smallest 20% of detached houses in Tatworth, based on EPC data. The below chart shows the distribution of detached houses by size in Tatworth, and where MAGNOLIA lies on this distribution: 18% of detached houses are smaller than MAGNOLIA, and 81% of houses are larger. Note that EPC data is not available for all properties in Tatworth.

MAGNOLIA: Plot and Title Map

MAGNOLIA sits on a plot of roughly 0.168 of an acre, or 679m². 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 POST OFFICE LANE in SOUTH CHARD, in the TA20 postcode district. The below map shows the position of MAGNOLIA on POST OFFICE LANE.