1, OLDWYK, BASILDON, SS16 4NU - £225,000

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.

1 OLDWYK is a small detached house of 95m², built sometime between 1967 and 1975, which could now be worth an estimated £250,881. It was last sold for £225,000 in June 2021, which was around 62% below the average June 2021 detached price in the Basildon local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

1 OLDWYK Sold Prices

Land registry data shows three sales for 1 OLDWYK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. All of the three 1 OLDWYK 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
2021 28 JUN	£225,000	£591,207	62% below HPI
2015 10 DEC	£204,000	£471,242	57% below HPI
2014 8 SEP	£167,500	£406,760	59% below HPI

1 OLDWYK 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 three 1 OLDWYK sales between September 2014 and June 2021 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 December 2015 sale was for 57% below the HPI. So the extrapolation line tracks at 57% below the HPI over time, until the June 2021 sale, where it falls to 62% below the HPI. The line then continues to track at 62% below the HPI.

What might 1 OLDWYK be worth now?

1 OLDWYK might now be worth an estimated £250,881.

This is based on house price inflation of 11.5%, between June 2021 and February 2025, for detached houses, in the Basildon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.5% inflationary increase is applied to the most recent sale price for 1 OLDWYK of £225,000 on 28th June 2021. For the value to have increased from £225,000 to £250,881 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 1 OLDWYK has moved in line with the HPI for detached houses in the Basildon local authority area.
• The June 2021 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 1 OLDWYK has not materially changed since June 2021.

How Large is 1 OLDWYK?

1 OLDWYK is 95m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 30% of detached houses houses in Basildon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Basildon, and where 1 OLDWYK lies on this distribution: 25% of detached houses houses are smaller than 1 OLDWYK, and 74% of houses are larger. Note that EPC data is not available for all properties in Basildon.

1 OLDWYK: Plot and Title Map

1 OLDWYK sits on a plot of roughly 0.027 of an acre, or 111m². The below map shows the location of 1 OLDWYK, 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 1 OLDWYK). 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 1 OLDWYK?

1 OLDWYK is located in BASILDON, in the SS16 postcode district. The below map shows the position of No. 1 on OLDWYK.