MAGMAIT, RUNCTON LANE, RUNCTON, CHICHESTER, PO20 1PT - £490,000

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.

MAGMAIT is a small extended detached house of 127m², built sometime between 1900 and 1929, which could now be worth an estimated £754,733. It was last sold for £490,000 in March 2011, which was around 11% above the average March 2011 detached price in the Chichester local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

MAGMAIT Sold Prices

Land registry data shows two sales for MAGMAIT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. One of the two MAGMAIT sales was for above the average price, whilst the other was 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
2011 11 MAR	£490,000	£441,919	11% above HPI
2003 8 MAY	£275,000	£340,689	19% below HPI

MAGMAIT Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chichester local authority area over time, sourced from the HPI. The two MAGMAIT sales from May 2003 and March 2011 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 May 2003 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2011 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might MAGMAIT be worth now?

MAGMAIT might now be worth an estimated £754,733.

This is based on house price inflation of 54%, between March 2011 and June 2025, for detached houses, in the Chichester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 54% inflationary increase is applied to the most recent sale price for MAGMAIT of £490,000 on 11th March 2011. For the value to have increased from £490,000 to £754,733 over the thirteen years and nine months to June 2025, the following assumptions must hold true:

• The value of MAGMAIT has moved in line with the HPI for detached houses in the Chichester local authority area.
• The March 2011 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of MAGMAIT has not materially changed since March 2011.

How Large is MAGMAIT?

MAGMAIT is 127m², which includes two extensions, according to the EPC inspection conducted in May 2010. This puts it in the smallest 30% of detached houses houses in Runcton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Runcton, and where MAGMAIT lies on this distribution: 30% of detached houses houses are smaller than MAGMAIT, and 70% of houses are larger. Note that EPC data is not available for all properties in Runcton.

MAGMAIT: Plot and Title Map

MAGMAIT sits on a plot of roughly 0.264 of an acre, or 1,067m². The below map shows the location of MAGMAIT, 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 MAGMAIT). 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 MAGMAIT?

MAGMAIT is located on RUNCTON LANE in RUNCTON, in the PO20 postcode district. The below map shows the position of MAGMAIT on RUNCTON LANE.