5, MAGNOLIA LANE, LAINDON, BASILDON, SS15 4HL - £506,000

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 LANE is a midsized extended detached house of 118m², built sometime between 1996 and 2002. It was last sold for £506,000 in April 2022, which was around 21% below the average April 2022 detached price in the Basildon local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was B.

5 MAGNOLIA LANE Sold Prices

Land registry data shows two sales for 5 MAGNOLIA LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. Both of the two 5 MAGNOLIA LANE 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 8 APR	£506,000	£638,045	21% below HPI
2010 20 OCT	£250,000	£345,830	28% below HPI

5 MAGNOLIA LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Basildon local authority area over time, sourced from the HPI. The two 5 MAGNOLIA LANE sales from October 2010 and April 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 October 2010 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the April 2022 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 5 MAGNOLIA LANE?

5 MAGNOLIA LANE is 118m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the largest 50% of detached houses in Basildon, based on EPC data. The below chart shows the distribution of detached houses by size in Basildon, and where 5 MAGNOLIA LANE lies on this distribution: 54% of detached houses are smaller than 5 MAGNOLIA LANE, and 45% of houses are larger. Note that EPC data is not available for all properties in Basildon.

5 MAGNOLIA LANE: Plot and Title Map

5 MAGNOLIA LANE sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 5 MAGNOLIA LANE, 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 LANE). 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 LANE?

5 MAGNOLIA LANE is located in LAINDON, in the SS15 postcode district. The below map shows the position of No. 5 on MAGNOLIA LANE.