7, MAGELLAN WAY, EASTBOURNE, BN23 6RS - £520,000

7 MAGELLAN WAY is a large detached house of 134m², built sometime between 1996 and 2002. It was last sold for £520,000 in August 2023, which was around 9% below the average August 2023 detached price in the Eastbourne local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

7 MAGELLAN WAY Sold Prices

Land registry data shows four sales for 7 MAGELLAN WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Eastbourne local authority area for the corresponding sale date. One of the four 7 MAGELLAN WAY sales was for below the average price, whilst two 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
2023 8 AUG	£520,000	£569,674	9% below HPI
2011 24 AUG	£330,000	£300,908	10% above HPI
2007 9 OCT	£325,000	£326,250	Close to HPI
1999 22 OCT	£160,000	£127,861	25% above HPI

7 MAGELLAN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Eastbourne local authority area over time, sourced from the HPI. The four 7 MAGELLAN WAY sales between October 1999 and August 2023 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 August 2011 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the August 2023 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 7 MAGELLAN WAY?

7 MAGELLAN WAY is 134m² according to the EPC inspection conducted in September 2022. This puts it in the largest 30% of detached houses in Eastbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Eastbourne, and where 7 MAGELLAN WAY lies on this distribution: 70% of detached houses are smaller than 7 MAGELLAN WAY, and 30% of houses are larger. Note that EPC data is not available for all properties in Eastbourne.

7 MAGELLAN WAY: Plot and Title Map

7 MAGELLAN WAY sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 7 MAGELLAN WAY, 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 WAY). 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 WAY?

7 MAGELLAN WAY is located in EASTBOURNE, in the BN23 postcode district. The below map shows the position of No. 7 on MAGELLAN WAY.