MAGMAIT, RUNCTON LANE, RUNCTON, CHICHESTER, PO20 1PT - £490,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MAGMAIT is a small extended detached house of 127m², built sometime between 1900 and 1929. It was last sold for £490,000 in March 2011, which was around 13% above the average March 2011 detached price in the Chichester local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

MAGMAIT Sold Prices

Land registry data shows two sales for MAGMAIT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. One of the two MAGMAIT sales was for above the average price, whilst the other was 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
2011 11 MAR	£490,000	£432,455	13% above HPI
2003 8 MAY	£275,000	£333,393	18% below HPI

MAGMAIT Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chichester local authority area over time, sourced from the HPI. The two MAGMAIT sales from May 2003 and March 2011 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 May 2003 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the March 2011 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is MAGMAIT?

MAGMAIT is 127m², which includes two extensions, according to the EPC inspection conducted in May 2010. This puts it in the smallest 40% of detached houses in Runcton, based on EPC data. The below chart shows the distribution of detached houses by size in Runcton, and where MAGMAIT lies on this distribution: 33% of detached houses are smaller than MAGMAIT, and 67% of houses are larger. Note that EPC data is not available for all properties in Runcton.

MAGMAIT: Plot and Title Map

MAGMAIT sits on a plot of roughly 0.264 of an acre, or 1,067m². The below map shows the location of MAGMAIT, 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 MAGMAIT). 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 MAGMAIT?

MAGMAIT is located on RUNCTON LANE in RUNCTON, in the PO20 postcode district. The below map shows the position of MAGMAIT on RUNCTON LANE.