24, MAGNOLIA CLOSE, HERTFORD, SG13 7UR - £355,000

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 small extended detached house of 102m², built sometime between 1991 and 1995, which could now be worth an estimated £750,923. It was last sold for £355,000 in May 2005, which was around 12% below the average May 2005 detached price in the East Hertfordshire local authority area. The most recent EPC inspection was June 2016, 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 East Hertfordshire 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
2005 31 MAY	£355,000	£403,785	12% below HPI
1995 21 JUL	£125,000	£148,556	16% below HPI

24 MAGNOLIA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Hertfordshire local authority area over time, sourced from the HPI. The two 24 MAGNOLIA CLOSE sales from July 1995 and May 2005 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 1995 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the May 2005 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 24 MAGNOLIA CLOSE be worth now?

24 MAGNOLIA CLOSE might now be worth an estimated £750,923.

This is based on house price inflation of 111.5%, between May 2005 and February 2025, for detached houses, in the East Hertfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 111.5% inflationary increase is applied to the most recent sale price for 24 MAGNOLIA CLOSE of £355,000 on 31st May 2005. For the value to have increased from £355,000 to £750,923 over the twenty years and three 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 East Hertfordshire local authority area.
• The May 2005 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MAGNOLIA CLOSE has not materially changed since May 2005.

How Large is 24 MAGNOLIA CLOSE?

24 MAGNOLIA CLOSE is 102m², which includes two extensions, according to the EPC inspection conducted in June 2016. This puts it in the smallest 30% of detached houses houses in Hertford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hertford, and where 24 MAGNOLIA CLOSE lies on this distribution: 21% of detached houses houses are smaller than 24 MAGNOLIA CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Hertford.

24 MAGNOLIA CLOSE: Plot and Title Map

24 MAGNOLIA CLOSE sits on a plot of roughly 0.087 of an acre, or 353m². 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 HERTFORD, in the SG13 postcode district. The below map shows the position of No. 24 on MAGNOLIA CLOSE.