1, MAGNOLIA CLOSE, WORTHING, BN13 3PT - £453,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 MAGNOLIA CLOSE is a midsized detached house of 104m², built sometime between 1983 and 1990. It was last sold for £453,000 in April 2022, which was around 30% below the average April 2022 detached price in the Worthing local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

1 MAGNOLIA CLOSE Sold Prices

Land registry data shows three sales for 1 MAGNOLIA CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Worthing local authority area for the corresponding sale date. All of the three 1 MAGNOLIA CLOSE 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
2022 1 APR	£453,000	£645,135	30% below HPI
2009 30 MAR	£230,000	£287,670	20% below HPI
2004 23 DEC	£220,000	£303,602	28% below HPI

1 MAGNOLIA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Worthing local authority area over time, sourced from the HPI. The three 1 MAGNOLIA CLOSE sales between December 2004 and April 2022 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 March 2009 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the April 2022 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 1 MAGNOLIA CLOSE be worth now?

1 MAGNOLIA CLOSE might now be worth an estimated £426,283.

This is based on house price deflation of 5.9%, between April 2022 and December 2024, for detached houses, in the Worthing local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.9% deflationary decrease is applied to the most recent sale price for 1 MAGNOLIA CLOSE of £453,000 on 1st April 2022. For the value to have decreased from £453,000 to £426,283 over the one year and four months to December 2024, the following assumptions must hold true:

• The value of 1 MAGNOLIA CLOSE has moved in line with the HPI for detached houses in the Worthing local authority area.
• The April 2022 sale price of £453,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MAGNOLIA CLOSE has not materially changed since April 2022.

How Large is 1 MAGNOLIA CLOSE?

1 MAGNOLIA CLOSE is 104m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 50% of detached houses houses in Worthing, based on EPC data. The below chart shows the distribution of detached houses houses by size in Worthing, and where 1 MAGNOLIA CLOSE lies on this distribution: 41% of detached houses houses are smaller than 1 MAGNOLIA CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Worthing.

1 MAGNOLIA CLOSE: Plot and Title Map

1 MAGNOLIA CLOSE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 1 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 1 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 1 MAGNOLIA CLOSE?

1 MAGNOLIA CLOSE is located in WORTHING, in the BN13 postcode district. The below map shows the position of No. 1 on MAGNOLIA CLOSE.