8, MAGNOLIA CLOSE, HEATHFIELD, TN21 8YF - £369,000

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.

8 MAGNOLIA CLOSE is a small detached house of 96m², built sometime between 1991 and 1995, which could now be worth an estimated £413,702. It was last sold for £369,000 in June 2021, which was around 32% below the average June 2021 detached price in the Wealden local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

8 MAGNOLIA CLOSE Sold Prices

Land registry data shows four sales for 8 MAGNOLIA CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. All of the four 8 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
2021 30 JUN	£369,000	£539,428	32% below HPI
2007 5 SEP	£249,995	£372,834	33% below HPI
1998 13 NOV	£115,000	£154,922	26% below HPI
1996 1 MAR	£92,500	£110,919	17% below HPI

8 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 four 8 MAGNOLIA CLOSE sales between March 1996 and June 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 September 2007 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the June 2021 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 8 MAGNOLIA CLOSE be worth now?

8 MAGNOLIA CLOSE might now be worth an estimated £413,702.

This is based on house price inflation of 12.1%, between June 2021 and February 2025, for detached houses, in the Wealden local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.1% inflationary increase is applied to the most recent sale price for 8 MAGNOLIA CLOSE of £369,000 on 30th June 2021. For the value to have increased from £369,000 to £413,702 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 8 MAGNOLIA CLOSE has moved in line with the HPI for detached houses in the Wealden local authority area.
• The June 2021 sale price of £369,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MAGNOLIA CLOSE has not materially changed since June 2021.

How Large is 8 MAGNOLIA CLOSE?

8 MAGNOLIA CLOSE is 96m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 30% of detached houses houses in Heathfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heathfield, and where 8 MAGNOLIA CLOSE lies on this distribution: 29% of detached houses houses are smaller than 8 MAGNOLIA CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Heathfield.

8 MAGNOLIA CLOSE: Plot and Title Map

8 MAGNOLIA CLOSE sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 8 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 8 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 8 MAGNOLIA CLOSE?

8 MAGNOLIA CLOSE is located in HEATHFIELD, in the TN21 postcode district. The below map shows the position of No. 8 on MAGNOLIA CLOSE.