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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MAGALIA is a large detached house of 130m², built sometime between 1950 and 1966. It was last sold for £600,000 in February 2021, which was around 25% 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	£481,388	25% above HPI
2001 18 DEC	£242,500	£203,354	19% 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 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the February 2021 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

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 in Ferring, based on EPC data. The below chart shows the distribution of detached houses by size in Ferring, and where MAGALIA lies on this distribution: 69% of detached 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.