5, MAGNOLIA CLOSE, CANVEY ISLAND, SS8 0GD - £505,000

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

5 MAGNOLIA CLOSE is a very large detached house of 188m², built sometime between 1991 and 1995. It was last sold for £505,000 in March 2021, which was around 18% above the average March 2021 detached price in the Castle Point local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

5 MAGNOLIA CLOSE Sold Prices

Land registry data shows two sales for 5 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 Castle Point local authority area for the corresponding sale date. Both of the two 5 MAGNOLIA CLOSE sales were for above 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 31 MAR	£505,000	£428,319	18% above HPI
2002 2 AUG	£299,995	£179,273	67% above HPI

5 MAGNOLIA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Castle Point local authority area over time, sourced from the HPI. The two 5 MAGNOLIA CLOSE sales from August 2002 and March 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 August 2002 sale was for 67% above the HPI. So the extrapolation line tracks at 67% above the HPI over time, until the March 2021 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 5 MAGNOLIA CLOSE?

5 MAGNOLIA CLOSE is 188m² according to the EPC inspection conducted in July 2018. This puts it in the largest 10% of detached houses in Canvey Island, based on EPC data. The below chart shows the distribution of detached houses by size in Canvey Island, and where 5 MAGNOLIA CLOSE lies on this distribution: 96% of detached houses are smaller than 5 MAGNOLIA CLOSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

5 MAGNOLIA CLOSE: Plot and Title Map

5 MAGNOLIA CLOSE sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 5 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 5 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 5 MAGNOLIA CLOSE?

5 MAGNOLIA CLOSE is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 5 on MAGNOLIA CLOSE.