4, MAGNOLIA RISE, HERNE BAY, CT6 7AJ - £340,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

4 MAGNOLIA RISE is a small extended detached house of 96m², built sometime between 1991 and 1995. It was last sold for £340,000 in June 2021, which was around 30% below the average June 2021 detached price in the Canterbury local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was B.

4 MAGNOLIA RISE Sold Prices

Land registry data shows four sales for 4 MAGNOLIA RISE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Canterbury local authority area for the corresponding sale date. All of the four 4 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
2021 29 JUN	£340,000	£482,282	30% below HPI
2014 14 APR	£227,000	£334,597	32% below HPI
1998 2 MAR	£82,500	£102,187	19% below HPI
1996 15 JUL	£74,000	£90,102	18% below HPI

4 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 four 4 MAGNOLIA RISE sales between July 1996 and June 2021 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 2014 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2021 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 4 MAGNOLIA RISE?

4 MAGNOLIA RISE is 96m², which includes two extensions, according to the EPC inspection conducted in October 2023. This puts it in the smallest 40% of detached houses in Broomfield, based on EPC data. The below chart shows the distribution of detached houses by size in Broomfield, and where 4 MAGNOLIA RISE lies on this distribution: 31% of detached houses are smaller than 4 MAGNOLIA RISE, and 68% of houses are larger. Note that EPC data is not available for all properties in Broomfield.

4 MAGNOLIA RISE: Plot and Title Map

4 MAGNOLIA RISE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 4 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 4 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 4 MAGNOLIA RISE?

4 MAGNOLIA RISE is located in HERNE BAY, in the CT6 postcode district. The below map shows the position of No. 4 on MAGNOLIA RISE.