1, MAGNOLIAS, BILLERICAY, CM11 2SH - £850,000

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 MAGNOLIAS is a very large extended detached house of 216m², built sometime between 1983 and 1990, which could now be worth an estimated £842,180. It was last sold for £850,000 in August 2022, which was around 28% above the average August 2022 detached price in the Basildon local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was C.

1 MAGNOLIAS Sold Prices

Land registry data shows two sales for 1 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 Basildon local authority area for the corresponding sale date. Both of the two 1 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
2022 30 AUG	£850,000	£665,333	28% above HPI
2002 27 SEP	£330,000	£245,612	34% above HPI

1 MAGNOLIAS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Basildon local authority area over time, sourced from the HPI. The two 1 MAGNOLIAS sales from September 2002 and August 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 September 2002 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the August 2022 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 1 MAGNOLIAS be worth now?

1 MAGNOLIAS might now be worth an estimated £842,180.

This is based on house price deflation of 0.9%, between August 2022 and February 2025, for detached houses, in the Basildon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.9% deflationary decrease is applied to the most recent sale price for 1 MAGNOLIAS of £850,000 on 30th August 2022. For the value to have decreased from £850,000 to £842,180 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 1 MAGNOLIAS has moved in line with the HPI for detached houses in the Basildon local authority area.
• The August 2022 sale price of £850,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MAGNOLIAS has not materially changed since August 2022.

How Large is 1 MAGNOLIAS?

1 MAGNOLIAS is 216m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the largest 20% of detached houses houses in Billericay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Billericay, and where 1 MAGNOLIAS lies on this distribution: 88% of detached houses houses are smaller than 1 MAGNOLIAS, and 11% of houses are larger. Note that EPC data is not available for all properties in Billericay.

1 MAGNOLIAS: Plot and Title Map

1 MAGNOLIAS sits on a plot of roughly 0.136 of an acre, or 551m². The below map shows the location of 1 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 1 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 1 MAGNOLIAS?

1 MAGNOLIAS is located in BILLERICAY, in the CM11 postcode district. The below map shows the position of No. 1 on MAGNOLIAS.