5, MAGDALEN CLOSE, EASTBOURNE, BN23 8JF - £237,000

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.

5 MAGDALEN CLOSE is a very small semi-detached house of 64m², built sometime between 1983 and 1990, which could now be worth an estimated £292,835. It was last sold for £237,000 in November 2018, which was around 17% below the average November 2018 semi-detached price in the Eastbourne local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

5 MAGDALEN CLOSE Sold Prices

Land registry data shows six sales for 5 MAGDALEN CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average semi-detached price in the Eastbourne local authority area for the corresponding sale date. All of the six 5 MAGDALEN 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
2018 27 NOV	£237,000	£287,012	17% below HPI
2017 12 MAY	£216,000	£265,068	19% below HPI
2009 2 JUN	£145,000	£175,933	18% below HPI
2005 15 AUG	£160,000	£184,980	14% below HPI
2000 4 FEB	£67,500	£82,011	18% below HPI
1995 23 MAY	£52,000	£53,945	4% below HPI

5 MAGDALEN CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Eastbourne local authority area over time, sourced from the HPI. The six 5 MAGDALEN CLOSE sales between May 1995 and November 2018 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 May 2017 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2018 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 5 MAGDALEN CLOSE be worth now?

5 MAGDALEN CLOSE might now be worth an estimated £292,835.

This is based on house price inflation of 23.6%, between November 2018 and February 2025, for semi-detached houses, in the Eastbourne local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.6% inflationary increase is applied to the most recent sale price for 5 MAGDALEN CLOSE of £237,000 on 27th November 2018. For the value to have increased from £237,000 to £292,835 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 MAGDALEN CLOSE has moved in line with the HPI for semi-detached houses in the Eastbourne local authority area.
• The November 2018 sale price of £237,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MAGDALEN CLOSE has not materially changed since November 2018.

How Large is 5 MAGDALEN CLOSE?

5 MAGDALEN CLOSE is 64m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of semi-detached houses houses in Eastbourne, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Eastbourne, and where 5 MAGDALEN CLOSE lies on this distribution: 5% of semi-detached houses houses are smaller than 5 MAGDALEN CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Eastbourne.

5 MAGDALEN CLOSE: Plot and Title Map

5 MAGDALEN CLOSE sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 5 MAGDALEN 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 5 MAGDALEN 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 5 MAGDALEN CLOSE?

5 MAGDALEN CLOSE is located in EASTBOURNE, in the BN23 postcode district. The below map shows the position of No. 5 on MAGDALEN CLOSE.