THE MAGNOLIAS, HENLEY ROAD, LUDLOW, SY8 1QZ - £350,000

THE MAGNOLIAS is a very large detached house of 135m², built sometime between 1900 and 1929. It was last sold for £350,000 in March 2011, which was around 36% above the average March 2011 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2010, where the current energy rating was E, and the potential energy rating was E.

THE MAGNOLIAS Sold Prices

Land registry data shows two sales for THE MAGNOLIAS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. Both of the two THE MAGNOLIAS sales were 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
2011 17 MAR	£350,000	£256,588	36% above HPI
1996 4 JUL	£96,000	£83,136	15% above HPI

THE MAGNOLIAS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Shropshire local authority area over time, sourced from the HPI. The two THE MAGNOLIAS sales from July 1996 and March 2011 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 1996 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the March 2011 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is THE MAGNOLIAS?

THE MAGNOLIAS is 135m² according to the EPC inspection conducted in June 2010. This puts it in the largest 20% of detached houses in Ludlow, based on EPC data. The below chart shows the distribution of detached houses by size in Ludlow, and where THE MAGNOLIAS lies on this distribution: 82% of detached houses are smaller than THE MAGNOLIAS, and 18% of houses are larger. Note that EPC data is not available for all properties in Ludlow.

THE MAGNOLIAS: Plot and Title Map

THE MAGNOLIAS sits on a plot of roughly 0.254 of an acre, or 1,029m². The below map shows the location of THE MAGNOLIAS, 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 THE MAGNOLIAS). 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 THE MAGNOLIAS?

THE MAGNOLIAS is located on HENLEY ROAD in LUDLOW, in the SY8 postcode district. The below map shows the position of THE MAGNOLIAS on HENLEY ROAD.