15, MAGNOLIA CLOSE, CANVEY ISLAND, SS8 0GD - £520,000

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

15 MAGNOLIA CLOSE is a very large detached house of 182m², built sometime between 1996 and 2002, which could now be worth an estimated £577,875. It was last sold for £520,000 in November 2020, which was around 25% above the average November 2020 detached price in the Castle Point local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

15 MAGNOLIA CLOSE Sold Prices

Land registry data shows three sales for 15 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 Castle Point local authority area for the corresponding sale date. All of the three 15 MAGNOLIA CLOSE 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
2020 27 NOV	£520,000	£417,004	25% above HPI
2005 22 JUN	£312,500	£235,913	32% above HPI
2002 28 AUG	£299,995	£176,793	70% above HPI

15 MAGNOLIA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Castle Point local authority area over time, sourced from the HPI. The three 15 MAGNOLIA CLOSE sales between August 2002 and November 2020 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 June 2005 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the November 2020 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 15 MAGNOLIA CLOSE be worth now?

15 MAGNOLIA CLOSE might now be worth an estimated £577,875.

This is based on house price inflation of 11.1%, between November 2020 and February 2025, for detached houses, in the Castle Point local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.1% inflationary increase is applied to the most recent sale price for 15 MAGNOLIA CLOSE of £520,000 on 27th November 2020. For the value to have increased from £520,000 to £577,875 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 15 MAGNOLIA CLOSE has moved in line with the HPI for detached houses in the Castle Point local authority area.
• The November 2020 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MAGNOLIA CLOSE has not materially changed since November 2020.

How Large is 15 MAGNOLIA CLOSE?

15 MAGNOLIA CLOSE is 182m² according to the EPC inspection conducted in August 2020. This puts it in the largest 10% of detached houses houses in Canvey Island, based on EPC data. The below chart shows the distribution of detached houses houses by size in Canvey Island, and where 15 MAGNOLIA CLOSE lies on this distribution: 95% of detached houses houses are smaller than 15 MAGNOLIA CLOSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

15 MAGNOLIA CLOSE: Plot and Title Map

15 MAGNOLIA CLOSE sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 15 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 15 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 15 MAGNOLIA CLOSE?

15 MAGNOLIA CLOSE is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 15 on MAGNOLIA CLOSE.