2, MAGNOLIA RISE, HERNE BAY, CT6 7AJ - £203,000

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.

2 MAGNOLIA RISE is a small detached house of 100m², built sometime between 1996 and 2002, which could now be worth an estimated £463,839. It was last sold for £203,000 in September 2003, which was around 19% below the average September 2003 detached price in the Canterbury local authority area. The most recent EPC inspection was February 2009, where the current energy rating was C, and the potential energy rating was C.

2 MAGNOLIA RISE Sold Prices

Land registry data shows two sales for 2 MAGNOLIA RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Canterbury local authority area for the corresponding sale date. Both of the two 2 MAGNOLIA RISE 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
2003 29 SEP	£203,000	£249,679	19% below HPI
1996 5 JAN	£81,450	£91,376	11% below HPI

2 MAGNOLIA RISE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Canterbury local authority area over time, sourced from the HPI. The two 2 MAGNOLIA RISE sales from January 1996 and September 2003 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 1996 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2003 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 2 MAGNOLIA RISE be worth now?

2 MAGNOLIA RISE might now be worth an estimated £463,839.

This is based on house price inflation of 128.5%, between September 2003 and February 2025, for detached houses, in the Canterbury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 128.5% inflationary increase is applied to the most recent sale price for 2 MAGNOLIA RISE of £203,000 on 29th September 2003. For the value to have increased from £203,000 to £463,839 over the 22 years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 MAGNOLIA RISE has moved in line with the HPI for detached houses in the Canterbury local authority area.
• The September 2003 sale price of £203,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MAGNOLIA RISE has not materially changed since September 2003.

How Large is 2 MAGNOLIA RISE?

2 MAGNOLIA RISE is 100m² according to the EPC inspection conducted in February 2009. This puts it in the smallest 40% of detached houses houses in Broomfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Broomfield, and where 2 MAGNOLIA RISE lies on this distribution: 35% of detached houses houses are smaller than 2 MAGNOLIA RISE, and 65% of houses are larger. Note that EPC data is not available for all properties in Broomfield.

2 MAGNOLIA RISE: Plot and Title Map

2 MAGNOLIA RISE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 2 MAGNOLIA RISE, 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 MAGNOLIA RISE). 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 MAGNOLIA RISE?

2 MAGNOLIA RISE is located in HERNE BAY, in the CT6 postcode district. The below map shows the position of No. 2 on MAGNOLIA RISE.