7, MAGNOLIA CLOSE, WORTHING, BN13 3PT - £240,000

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.

7 MAGNOLIA CLOSE is a very small terraced house of 47m², built sometime between 1983 and 1990, which could now be worth an estimated £278,826. It was last sold for £240,000 in December 2020, which was around 17% below the average December 2020 terraced price in the Worthing local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

7 MAGNOLIA CLOSE Sold Prices

Land registry data shows five sales for 7 MAGNOLIA CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Worthing local authority area for the corresponding sale date. All of the five 7 MAGNOLIA 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 18 DEC	£240,000	£289,176	17% below HPI
2016 19 JAN	£199,000	£248,283	20% below HPI
2004 25 JUN	£145,000	£154,807	6% below HPI
1998 3 JUL	£60,000	£63,899	6% below HPI
1996 13 SEP	£46,000	£49,108	6% below HPI

7 MAGNOLIA CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Worthing local authority area over time, sourced from the HPI. The five 7 MAGNOLIA CLOSE sales between September 1996 and December 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 January 2016 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the December 2020 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 7 MAGNOLIA CLOSE be worth now?

7 MAGNOLIA CLOSE might now be worth an estimated £278,826.

This is based on house price inflation of 16.2%, between December 2020 and August 2025, for terraced houses, in the Worthing local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.2% inflationary increase is applied to the most recent sale price for 7 MAGNOLIA CLOSE of £240,000 on 18th December 2020. For the value to have increased from £240,000 to £278,826 over the five years and four months to August 2025, the following assumptions must hold true:

• The value of 7 MAGNOLIA CLOSE has moved in line with the HPI for terraced houses in the Worthing local authority area.
• The December 2020 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MAGNOLIA CLOSE has not materially changed since December 2020.

How Large is 7 MAGNOLIA CLOSE?

7 MAGNOLIA CLOSE is 47m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of terraced houses houses in Worthing, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Worthing, and where 7 MAGNOLIA CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 7 MAGNOLIA CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Worthing.

7 MAGNOLIA CLOSE: Plot and Title Map

7 MAGNOLIA CLOSE sits on a plot of roughly 0.032 of an acre, or 130m². The below map shows the location of 7 MAGNOLIA 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 MAGNOLIA 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 MAGNOLIA CLOSE?

7 MAGNOLIA CLOSE is located in WORTHING, in the BN13 postcode district. The below map shows the position of No. 7 on MAGNOLIA CLOSE.