7, MAGELLAN CLOSE, STEVENAGE, SG2 0NF - £156,500

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.

7 MAGELLAN CLOSE is a very small terraced house of 58m², built sometime between 1996 and 2002, which could now be worth an estimated £314,267. It was last sold for £156,500 in January 2012, which was about the average January 2012 terraced price in the Stevenage local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

7 MAGELLAN CLOSE Sold Prices

Land registry data shows three sales for 7 MAGELLAN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Stevenage local authority area for the corresponding sale date. The three 7 MAGELLAN CLOSE sales were a mix of roughly equal to the average price, and 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
2012 19 JAN	£156,500	£157,251	Close to HPI
2003 29 JUL	£135,000	£125,737	7% above HPI
2001 31 MAY	£80,000	£79,136	1% above HPI

7 MAGELLAN CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Stevenage local authority area over time, sourced from the HPI. The three 7 MAGELLAN CLOSE sales between May 2001 and January 2012 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 July 2003 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the January 2012 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 7 MAGELLAN CLOSE be worth now?

7 MAGELLAN CLOSE might now be worth an estimated £314,267.

This is based on house price inflation of 100.8%, between January 2012 and April 2026, for terraced 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 100.8% inflationary increase is applied to the most recent sale price for 7 MAGELLAN CLOSE of £156,500 on 19th January 2012. For the value to have increased from £156,500 to £314,267 over the thirteen years and nine months to April 2026, the following assumptions must hold true:

• The value of 7 MAGELLAN CLOSE has moved in line with the HPI for terraced houses in the Stevenage local authority area.
• The January 2012 sale price of £156,500 represented a fair market value for the property.
• The size, condition, and specification of 7 MAGELLAN CLOSE has not materially changed since January 2012.

How Large is 7 MAGELLAN CLOSE?

7 MAGELLAN CLOSE is 58m² according to the EPC inspection conducted in September 2023. This puts it in the smallest 10% of terraced houses houses in Stevenage, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Stevenage, and where 7 MAGELLAN CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 7 MAGELLAN CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Stevenage.

7 MAGELLAN CLOSE: Plot and Title Map

7 MAGELLAN CLOSE sits on a plot of roughly 0.037 of an acre, or 149m². The below map shows the location of 7 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 7 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 7 MAGELLAN CLOSE?

7 MAGELLAN CLOSE is located in STEVENAGE, in the SG2 postcode district. The below map shows the position of No. 7 on MAGELLAN CLOSE.