5, MAGNOLIA CLOSE, HERTFORD, SG13 7UR - £665,000

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 MAGNOLIA CLOSE is a small extended detached house of 116m², built sometime between 1983 and 1990, which could now be worth an estimated £747,114. It was last sold for £665,000 in June 2019, which was around 13% below the average June 2019 detached price in the East Hertfordshire local authority area. The most recent EPC inspection was April 2019, 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 East Hertfordshire local authority area for the corresponding sale date. Both of the two 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
2019 7 JUN	£665,000	£760,242	13% below HPI
2003 19 DEC	£295,000	£394,188	25% below HPI

5 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 5 MAGNOLIA CLOSE sales from December 2003 and June 2019 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 December 2003 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2019 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 5 MAGNOLIA CLOSE be worth now?

5 MAGNOLIA CLOSE might now be worth an estimated £747,114.

This is based on house price inflation of 12.3%, between June 2019 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 12.3% inflationary increase is applied to the most recent sale price for 5 MAGNOLIA CLOSE of £665,000 on 7th June 2019. For the value to have increased from £665,000 to £747,114 over the six years and four months to February 2025, the following assumptions must hold true:

• The value of 5 MAGNOLIA CLOSE has moved in line with the HPI for detached houses in the East Hertfordshire local authority area.
• The June 2019 sale price of £665,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MAGNOLIA CLOSE has not materially changed since June 2019.

How Large is 5 MAGNOLIA CLOSE?

5 MAGNOLIA CLOSE is 116m², which includes two extensions, according to the EPC inspection conducted in April 2019. This puts it in the smallest 40% 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 5 MAGNOLIA CLOSE lies on this distribution: 31% of detached houses houses are smaller than 5 MAGNOLIA CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Hertford.

5 MAGNOLIA CLOSE: Plot and Title Map

5 MAGNOLIA CLOSE sits on a plot of roughly 0.060 of an acre, or 241m². 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 HERTFORD, in the SG13 postcode district. The below map shows the position of No. 5 on MAGNOLIA CLOSE.