2, MAGNIS CLOSE, CREDENHILL, HEREFORD, HR4 7FB - £360,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 MAGNIS CLOSE is a small detached house of 105m², built sometime between 1996 and 2002. It was last sold for £360,000 in July 2022, which was around 13% below the average July 2022 detached price in the Herefordshire local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

2 MAGNIS CLOSE Sold Prices

Land registry data shows three sales for 2 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. The three 2 MAGNIS CLOSE sales were a mix of below the average price, and roughly equal to 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 4 JUL	£360,000	£413,536	13% below HPI
2001 31 JAN	£129,000	£135,597	5% below HPI
1999 30 APR	£107,500	£107,096	Close to HPI

2 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 2 MAGNIS CLOSE sales between April 1999 and July 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 January 2001 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2022 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 2 MAGNIS CLOSE?

2 MAGNIS CLOSE is 105m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 40% of detached houses in Credenhill, based on EPC data. The below chart shows the distribution of detached houses by size in Credenhill, and where 2 MAGNIS CLOSE lies on this distribution: 38% of detached houses are smaller than 2 MAGNIS CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Credenhill.

2 MAGNIS CLOSE: Plot and Title Map

2 MAGNIS CLOSE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 2 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 2 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 2 MAGNIS CLOSE?

2 MAGNIS CLOSE is located in CREDENHILL, in the HR4 postcode district. The below map shows the position of No. 2 on MAGNIS CLOSE.