24, MAGNOLIA CLOSE, HEATHFIELD, TN21 8YF - £385,000

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.

24 MAGNOLIA CLOSE is a very small detached house of 71m², built sometime between 1991 and 1995, which could now be worth an estimated £373,853. It was last sold for £385,000 in November 2024, which was around 38% below the average November 2024 detached price in the Wealden local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

24 MAGNOLIA CLOSE Sold Prices

Land registry data shows two sales for 24 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 24 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
2024 11 NOV	£385,000	£622,808	38% below HPI
1996 19 APR	£74,000	£107,579	31% below HPI

24 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 24 MAGNOLIA CLOSE sales from April 1996 and November 2024 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 April 1996 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2024 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 24 MAGNOLIA CLOSE be worth now?

24 MAGNOLIA CLOSE might now be worth an estimated £373,853.

This is based on house price deflation of 2.9%, between November 2024 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 2.9% deflationary decrease is applied to the most recent sale price for 24 MAGNOLIA CLOSE of £385,000 on 11th November 2024. For the value to have decreased from £385,000 to £373,853 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 24 MAGNOLIA CLOSE has moved in line with the HPI for detached houses in the Wealden local authority area.
• The November 2024 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MAGNOLIA CLOSE has not materially changed since November 2024.

How Large is 24 MAGNOLIA CLOSE?

24 MAGNOLIA CLOSE is 71m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 10% 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 24 MAGNOLIA CLOSE lies on this distribution: 9% of detached houses houses are smaller than 24 MAGNOLIA CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Heathfield.

24 MAGNOLIA CLOSE: Plot and Title Map

24 MAGNOLIA CLOSE sits on a plot of roughly 0.045 of an acre, or 182m². The below map shows the location of 24 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 24 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 24 MAGNOLIA CLOSE?

24 MAGNOLIA CLOSE is located in HEATHFIELD, in the TN21 postcode district. The below map shows the position of No. 24 on MAGNOLIA CLOSE.