MAGNOLIA HOUSE, CRAYS HILL, BILLERICAY, CM11 2YB - £349,500

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

MAGNOLIA HOUSE is a large extended detached house of 196m², built sometime between 1900 and 1929. It was last sold for £349,500 in July 2009, which was around 14% above the average July 2009 detached price in the Basildon local authority area. The most recent EPC inspection was March 2009, where the current energy rating was D, and the potential energy rating was D.

MAGNOLIA HOUSE Sold Prices

Land registry data shows two sales for MAGNOLIA HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. One of the two MAGNOLIA HOUSE 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
2009 20 JUL	£349,500	£307,050	14% above HPI
1995 27 APR	£95,000	£98,506	4% below HPI

MAGNOLIA HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Basildon local authority area over time, sourced from the HPI. The two MAGNOLIA HOUSE sales from April 1995 and July 2009 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 April 1995 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the July 2009 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is MAGNOLIA HOUSE?

MAGNOLIA HOUSE is 196m², which includes two extensions, according to the EPC inspection conducted in March 2009. This puts it in the largest 30% of detached houses in Crays Hill, based on EPC data. The below chart shows the distribution of detached houses by size in Crays Hill, and where MAGNOLIA HOUSE lies on this distribution: 70% of detached houses are smaller than MAGNOLIA HOUSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Crays Hill.

MAGNOLIA HOUSE: Plot and Title Map

MAGNOLIA HOUSE sits on a plot of roughly 0.219 of an acre, or 885m². The below map shows the location of MAGNOLIA HOUSE, 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 MAGNOLIA HOUSE). 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 MAGNOLIA HOUSE?

MAGNOLIA HOUSE is located on CRAYS HILL in BILLERICAY, in the CM11 postcode district. The below map shows the position of MAGNOLIA HOUSE on CRAYS HILL.