MAGALIA, TAMARISK WAY, FERRING, WORTHING, BN12 5ER - £600,000

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.

MAGALIA is a large detached house of 130m², built sometime between 1950 and 1966, which could now be worth an estimated £690,467. It was last sold for £600,000 in February 2021, which was around 20% above the average February 2021 detached price in the Arun local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

MAGALIA Sold Prices

Land registry data shows two sales for MAGALIA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Arun local authority area for the corresponding sale date. Both of the two MAGALIA 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
2021 25 FEB	£600,000	£499,406	20% above HPI
2001 18 DEC	£242,500	£210,965	15% above HPI

MAGALIA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The two MAGALIA sales from December 2001 and February 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 December 2001 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the February 2021 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might MAGALIA be worth now?

MAGALIA might now be worth an estimated £690,467.

This is based on house price inflation of 15.1%, between February 2021 and February 2025, for detached houses, in the Arun local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.1% inflationary increase is applied to the most recent sale price for MAGALIA of £600,000 on 25th February 2021. For the value to have increased from £600,000 to £690,467 over the four years to February 2025, the following assumptions must hold true:

• The value of MAGALIA has moved in line with the HPI for detached houses in the Arun local authority area.
• The February 2021 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of MAGALIA has not materially changed since February 2021.

How Large is MAGALIA?

MAGALIA is 130m² according to the EPC inspection conducted in June 2020. This puts it in the largest 40% of detached houses houses in Ferring, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ferring, and where MAGALIA lies on this distribution: 69% of detached houses houses are smaller than MAGALIA, and 31% of houses are larger. Note that EPC data is not available for all properties in Ferring.

MAGALIA: Plot and Title Map

MAGALIA sits on a plot of roughly 0.169 of an acre, or 683m². The below map shows the location of MAGALIA, 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 MAGALIA). 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 MAGALIA?

MAGALIA is located on TAMARISK WAY in FERRING, in the BN12 postcode district. The below map shows the position of MAGALIA on TAMARISK WAY.