14, MAGNIS CLOSE, CREDENHILL, HEREFORD, HR4 7FB - £281,000

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.

14 MAGNIS CLOSE is a small extended detached house of 103m², built sometime between 1996 and 2002, which could now be worth an estimated £367,512. It was last sold for £281,000 in May 2019, which was around 17% below the average May 2019 detached price in the Herefordshire local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

14 MAGNIS CLOSE Sold Prices

Land registry data shows three sales for 14 MAGNIS 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 Herefordshire local authority area for the corresponding sale date. All of the three 14 MAGNIS 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
2019 17 MAY	£281,000	£338,672	17% below HPI
2008 1 SEP	£208,000	£285,833	27% below HPI
1999 10 SEP	£99,950	£119,508	16% below HPI

14 MAGNIS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Herefordshire local authority area over time, sourced from the HPI. The three 14 MAGNIS CLOSE sales between September 1999 and May 2019 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 2008 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the May 2019 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 14 MAGNIS CLOSE be worth now?

14 MAGNIS CLOSE might now be worth an estimated £367,512.

This is based on house price inflation of 30.8%, between May 2019 and February 2025, for detached houses, in the Herefordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.8% inflationary increase is applied to the most recent sale price for 14 MAGNIS CLOSE of £281,000 on 17th May 2019. For the value to have increased from £281,000 to £367,512 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 14 MAGNIS CLOSE has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The May 2019 sale price of £281,000 represented a fair market value for the property.
• The size, condition, and specification of 14 MAGNIS CLOSE has not materially changed since May 2019.

How Large is 14 MAGNIS CLOSE?

14 MAGNIS CLOSE is 103m², which includes one extension, according to the EPC inspection conducted in August 2018. This puts it in the smallest 40% of detached houses houses in Credenhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Credenhill, and where 14 MAGNIS CLOSE lies on this distribution: 36% of detached houses houses are smaller than 14 MAGNIS CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Credenhill.

14 MAGNIS CLOSE: Plot and Title Map

14 MAGNIS CLOSE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 14 MAGNIS 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 14 MAGNIS 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 14 MAGNIS CLOSE?

14 MAGNIS CLOSE is located in CREDENHILL, in the HR4 postcode district. The below map shows the position of No. 14 on MAGNIS CLOSE.