9, MAGNOLIA CLOSE, CANVEY ISLAND, SS8 0GD - £337,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

9 MAGNOLIA CLOSE is a very large extended detached house of 131m², built sometime between 1996 and 2002, which could now be worth an estimated £526,499. It was last sold for £337,500 in March 2015, which was around 14% above the average March 2015 detached price in the Castle Point local authority area. The most recent EPC inspection was October 2014, where the current energy rating was C, and the potential energy rating was B.

9 MAGNOLIA CLOSE Sold Prices

Land registry data shows three sales for 9 MAGNOLIA CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Castle Point local authority area for the corresponding sale date. All of the three 9 MAGNOLIA CLOSE sales were for above 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
2015 2 MAR	£337,500	£297,062	14% above HPI
2006 8 SEP	£282,000	£246,764	14% above HPI
2002 13 DEC	£237,950	£200,879	18% above HPI

9 MAGNOLIA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Castle Point local authority area over time, sourced from the HPI. The three 9 MAGNOLIA CLOSE sales between December 2002 and March 2015 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 2006 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the March 2015 sale, which was also at 14% above the HPI.

What might 9 MAGNOLIA CLOSE be worth now?

9 MAGNOLIA CLOSE might now be worth an estimated £526,499.

This is based on house price inflation of 56%, between March 2015 and February 2025, for detached houses, in the Castle Point local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 56% inflationary increase is applied to the most recent sale price for 9 MAGNOLIA CLOSE of £337,500 on 2nd March 2015. For the value to have increased from £337,500 to £526,499 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of 9 MAGNOLIA CLOSE has moved in line with the HPI for detached houses in the Castle Point local authority area.
• The March 2015 sale price of £337,500 represented a fair market value for the property.
• The size, condition, and specification of 9 MAGNOLIA CLOSE has not materially changed since March 2015.

How Large is 9 MAGNOLIA CLOSE?

9 MAGNOLIA CLOSE is 131m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the largest 20% of detached houses houses in Canvey Island, based on EPC data. The below chart shows the distribution of detached houses houses by size in Canvey Island, and where 9 MAGNOLIA CLOSE lies on this distribution: 80% of detached houses houses are smaller than 9 MAGNOLIA CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

9 MAGNOLIA CLOSE: Plot and Title Map

9 MAGNOLIA CLOSE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 9 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 9 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 9 MAGNOLIA CLOSE?

9 MAGNOLIA CLOSE is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 9 on MAGNOLIA CLOSE.