28, MAGENTA CLOSE, BILLERICAY, CM12 0LF - £447,500

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.

28 MAGENTA CLOSE is a very small terraced house of 94m², built sometime between 1983 and 1990, which could now be worth an estimated £567,840. It was last sold for £447,500 in March 2019, which was around 81% above the average March 2019 terraced price in the Basildon local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

28 MAGENTA CLOSE Sold Prices

Land registry data shows four sales for 28 MAGENTA CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Basildon local authority area for the corresponding sale date. All of the four 28 MAGENTA CLOSE 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
2019 28 MAR	£447,500	£247,288	81% above HPI
2006 3 NOV	£280,000	£148,880	88% above HPI
2000 15 JUN	£146,000	£67,017	118% above HPI
1998 6 MAR	£114,950	£49,079	134% above HPI

28 MAGENTA CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Basildon local authority area over time, sourced from the HPI. The four 28 MAGENTA CLOSE sales between March 1998 and March 2019 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 November 2006 sale was for 88% above the HPI. So the extrapolation line tracks at 88% above the HPI over time, until the March 2019 sale, where it falls to 81% above the HPI. The line then continues to track at 81% above the HPI.

What might 28 MAGENTA CLOSE be worth now?

28 MAGENTA CLOSE might now be worth an estimated £567,840.

This is based on house price inflation of 26.9%, between March 2019 and June 2025, for terraced houses, in the Basildon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26.9% inflationary increase is applied to the most recent sale price for 28 MAGENTA CLOSE of £447,500 on 28th March 2019. For the value to have increased from £447,500 to £567,840 over the five years and nine months to June 2025, the following assumptions must hold true:

• The value of 28 MAGENTA CLOSE has moved in line with the HPI for terraced houses in the Basildon local authority area.
• The March 2019 sale price of £447,500 represented a fair market value for the property.
• The size, condition, and specification of 28 MAGENTA CLOSE has not materially changed since March 2019.

How Large is 28 MAGENTA CLOSE?

28 MAGENTA CLOSE is 94m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 20% of terraced houses houses in Billericay, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Billericay, and where 28 MAGENTA CLOSE lies on this distribution: 13% of terraced houses houses are smaller than 28 MAGENTA CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Billericay.

28 MAGENTA CLOSE: Plot and Title Map

28 MAGENTA CLOSE sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of 28 MAGENTA 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 28 MAGENTA 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 28 MAGENTA CLOSE?

28 MAGENTA CLOSE is located in BILLERICAY, in the CM12 postcode district. The below map shows the position of No. 28 on MAGENTA CLOSE.