10, MAGELLAN CLOSE, STEVENAGE, SG2 0NF - £255,000

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.

10 MAGELLAN CLOSE is a very small semi-detached house of 62m², built sometime between 1996 and 2002, which could now be worth an estimated £307,390. It was last sold for £255,000 in April 2020, which was around 22% below the average April 2020 semi-detached price in the Stevenage local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

10 MAGELLAN CLOSE Sold Prices

Land registry data shows three sales for 10 MAGELLAN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Stevenage local authority area for the corresponding sale date. All of the three 10 MAGELLAN CLOSE sales were 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
2020 14 APR	£255,000	£327,842	22% below HPI
2003 9 JUN	£138,000	£166,618	17% below HPI
1998 15 APR	£68,950	£76,302	10% below HPI

10 MAGELLAN CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Stevenage local authority area over time, sourced from the HPI. The three 10 MAGELLAN CLOSE sales between April 1998 and April 2020 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 June 2003 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the April 2020 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 10 MAGELLAN CLOSE be worth now?

10 MAGELLAN CLOSE might now be worth an estimated £307,390.

This is based on house price inflation of 20.5%, between April 2020 and July 2025, for semi-detached houses, in the Stevenage local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.5% inflationary increase is applied to the most recent sale price for 10 MAGELLAN CLOSE of £255,000 on 14th April 2020. For the value to have increased from £255,000 to £307,390 over the four years and nine months to July 2025, the following assumptions must hold true:

• The value of 10 MAGELLAN CLOSE has moved in line with the HPI for semi-detached houses in the Stevenage local authority area.
• The April 2020 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 10 MAGELLAN CLOSE has not materially changed since April 2020.

How Large is 10 MAGELLAN CLOSE?

10 MAGELLAN CLOSE is 62m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% of semi-detached houses houses in Stevenage, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Stevenage, and where 10 MAGELLAN CLOSE lies on this distribution: 2% of semi-detached houses houses are smaller than 10 MAGELLAN CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Stevenage.

10 MAGELLAN CLOSE: Plot and Title Map

10 MAGELLAN CLOSE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 10 MAGELLAN 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 10 MAGELLAN 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 10 MAGELLAN CLOSE?

10 MAGELLAN CLOSE is located in STEVENAGE, in the SG2 postcode district. The below map shows the position of No. 10 on MAGELLAN CLOSE.