16, MAGNOLIA CLOSE, HEATHFIELD, TN21 8YF - £249,995

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.

16 MAGNOLIA CLOSE is a very small detached house of 83m², built sometime between 1991 and 1995, which could now be worth an estimated £399,638. It was last sold for £249,995 in October 2012, which was around 34% below the average October 2012 detached price in the Wealden local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was D.

16 MAGNOLIA CLOSE Sold Prices

Land registry data shows two sales for 16 MAGNOLIA CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. Both of the two 16 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
2012 26 OCT	£249,995	£378,320	34% below HPI
1996 4 JUL	£94,950	£113,787	17% below HPI

16 MAGNOLIA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wealden local authority area over time, sourced from the HPI. The two 16 MAGNOLIA CLOSE sales from July 1996 and October 2012 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 1996 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2012 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 16 MAGNOLIA CLOSE be worth now?

16 MAGNOLIA CLOSE might now be worth an estimated £399,638.

This is based on house price inflation of 59.9%, between October 2012 and February 2025, for detached houses, in the Wealden local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 59.9% inflationary increase is applied to the most recent sale price for 16 MAGNOLIA CLOSE of £249,995 on 26th October 2012. For the value to have increased from £249,995 to £399,638 over the thirteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 16 MAGNOLIA CLOSE has moved in line with the HPI for detached houses in the Wealden local authority area.
• The October 2012 sale price of £249,995 represented a fair market value for the property.
• The size, condition, and specification of 16 MAGNOLIA CLOSE has not materially changed since October 2012.

How Large is 16 MAGNOLIA CLOSE?

16 MAGNOLIA CLOSE is 83m² according to the EPC inspection conducted in February 2012. This puts it in the smallest 20% of detached houses houses in Heathfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heathfield, and where 16 MAGNOLIA CLOSE lies on this distribution: 19% of detached houses houses are smaller than 16 MAGNOLIA CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Heathfield.

16 MAGNOLIA CLOSE: Plot and Title Map

16 MAGNOLIA CLOSE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 16 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 16 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 16 MAGNOLIA CLOSE?

16 MAGNOLIA CLOSE is located in HEATHFIELD, in the TN21 postcode district. The below map shows the position of No. 16 on MAGNOLIA CLOSE.