1, MAGNOLIA RISE, HERNE BAY, CT6 7AJ - £310,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 MAGNOLIA RISE is a very small detached house of 73m², built sometime between 1983 and 1990, which could now be worth an estimated £372,165. It was last sold for £310,000 in February 2018, which was around 35% below the average February 2018 detached price in the Canterbury local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

1 MAGNOLIA RISE Sold Prices

Land registry data shows seven sales for 1 MAGNOLIA RISE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the Canterbury local authority area for the corresponding sale date. All of the seven 1 MAGNOLIA RISE 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
2018 9 FEB	£310,000	£475,204	35% below HPI
2015 10 JUL	£258,000	£391,790	34% below HPI
2004 8 APR	£175,000	£257,617	32% below HPI
2001 20 AUG	£123,000	£175,504	30% below HPI
1999 21 MAY	£86,950	£117,808	26% below HPI
1998 31 MAR	£79,000	£107,811	27% below HPI
1996 5 JAN	£71,250	£91,376	22% below HPI

1 MAGNOLIA RISE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Canterbury local authority area over time, sourced from the HPI. The seven 1 MAGNOLIA RISE sales between January 1996 and February 2018 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 2015 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the February 2018 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 1 MAGNOLIA RISE be worth now?

1 MAGNOLIA RISE might now be worth an estimated £372,165.

This is based on house price inflation of 20.1%, between February 2018 and February 2025, for detached houses, in the Canterbury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.1% inflationary increase is applied to the most recent sale price for 1 MAGNOLIA RISE of £310,000 on 9th February 2018. For the value to have increased from £310,000 to £372,165 over the seven years to February 2025, the following assumptions must hold true:

• The value of 1 MAGNOLIA RISE has moved in line with the HPI for detached houses in the Canterbury local authority area.
• The February 2018 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MAGNOLIA RISE has not materially changed since February 2018.

How Large is 1 MAGNOLIA RISE?

1 MAGNOLIA RISE is 73m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of detached houses houses in Broomfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Broomfield, and where 1 MAGNOLIA RISE lies on this distribution: 13% of detached houses houses are smaller than 1 MAGNOLIA RISE, and 85% of houses are larger. Note that EPC data is not available for all properties in Broomfield.

1 MAGNOLIA RISE: Plot and Title Map

1 MAGNOLIA RISE sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of 1 MAGNOLIA RISE, 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 RISE). 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 RISE?

1 MAGNOLIA RISE is located in HERNE BAY, in the CT6 postcode district. The below map shows the position of No. 1 on MAGNOLIA RISE.