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

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 LANE is a midsized extended detached house of 118m², built sometime between 1996 and 2002, which could now be worth an estimated £519,530. 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	£642,044	21% below HPI
2010 20 OCT	£250,000	£347,997	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.

What might 5 MAGNOLIA LANE be worth now?

5 MAGNOLIA LANE might now be worth an estimated £519,530.

This is based on house price inflation of 2.7%, between April 2022 and February 2025, for detached houses, in the Basildon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.7% inflationary increase is applied to the most recent sale price for 5 MAGNOLIA LANE of £506,000 on 8th April 2022. For the value to have increased from £506,000 to £519,530 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 5 MAGNOLIA LANE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The April 2022 sale price of £506,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MAGNOLIA LANE has not materially changed since April 2022.

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 houses in Basildon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Basildon, and where 5 MAGNOLIA LANE lies on this distribution: 54% of detached houses 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.