5, MAGNOLIA CLOSE, HEATHFIELD, TN21 8YF - £400,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 MAGNOLIA CLOSE is a small detached house of 101m², built sometime between 1983 and 1990. It was last sold for £400,000 in March 2022, which was around 30% below the average March 2022 detached price in the Wealden local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was C.

5 MAGNOLIA CLOSE Sold Prices

Land registry data shows five sales for 5 MAGNOLIA CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. All of the five 5 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
2022 4 MAR	£400,000	£567,648	30% below HPI
2010 26 AUG	£245,000	£363,183	33% below HPI
2001 16 NOV	£148,000	£211,504	30% below HPI
1999 4 AUG	£122,500	£156,268	22% below HPI
1996 31 MAY	£83,000	£104,115	20% below HPI

5 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 five 5 MAGNOLIA CLOSE sales between May 1996 and March 2022 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 2010 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the March 2022 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 5 MAGNOLIA CLOSE?

5 MAGNOLIA CLOSE is 101m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 40% of detached houses in Heathfield, based on EPC data. The below chart shows the distribution of detached houses by size in Heathfield, and where 5 MAGNOLIA CLOSE lies on this distribution: 34% of detached houses are smaller than 5 MAGNOLIA CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Heathfield.

5 MAGNOLIA CLOSE: Plot and Title Map

5 MAGNOLIA CLOSE sits on a plot of roughly 0.058 of an acre, or 235m². 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 HEATHFIELD, in the TN21 postcode district. The below map shows the position of No. 5 on MAGNOLIA CLOSE.