7, MAGENTA CLOSE, BILLERICAY, CM12 0LF - £525,000

7 MAGENTA CLOSE is a small detached house of 122m², built sometime between 1983 and 1990. It was last sold for £525,000 in July 2015, which was around 22% above the average July 2015 detached price in the Basildon local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

7 MAGENTA CLOSE Sold Prices

Land registry data shows two sales for 7 MAGENTA CLOSE 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. Both of the two 7 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
2015 21 JUL	£525,000	£431,967	22% above HPI
1998 3 SEP	£175,000	£128,103	37% above HPI

7 MAGENTA CLOSE 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 7 MAGENTA CLOSE sales from September 1998 and July 2015 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 September 1998 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the July 2015 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 7 MAGENTA CLOSE?

7 MAGENTA CLOSE is 122m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 40% of detached houses in Billericay, based on EPC data. The below chart shows the distribution of detached houses by size in Billericay, and where 7 MAGENTA CLOSE lies on this distribution: 38% of detached houses are smaller than 7 MAGENTA CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Billericay.

7 MAGENTA CLOSE: Plot and Title Map

7 MAGENTA CLOSE sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of 7 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 7 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 7 MAGENTA CLOSE?

7 MAGENTA CLOSE is located in BILLERICAY, in the CM12 postcode district. The below map shows the position of No. 7 on MAGENTA CLOSE.