1, PARKLANDS, BILLERICAY, CM11 1AS - £295,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 PARKLANDS is a very small detached house of 96m², built sometime between 1950 and 1966, which could now be worth an estimated £584,935. It was last sold for £295,000 in May 2007, which was around 11% below the average May 2007 detached price in the Basildon local authority area. The most recent EPC inspection was February 2014, where the current energy rating was E, and the potential energy rating was C.

1 PARKLANDS Sold Prices

Land registry data shows two sales for 1 PARKLANDS 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 1 PARKLANDS 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
2007 25 MAY	£295,000	£332,460	11% below HPI
2005 30 JUN	£210,000	£309,569	32% below HPI

1 PARKLANDS 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 1 PARKLANDS sales from June 2005 and May 2007 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 June 2005 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2007 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 1 PARKLANDS be worth now?

1 PARKLANDS might now be worth an estimated £584,935.

This is based on house price inflation of 98.3%, between May 2007 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 98.3% inflationary increase is applied to the most recent sale price for 1 PARKLANDS of £295,000 on 25th May 2007. For the value to have increased from £295,000 to £584,935 over the eighteen years and three months to February 2025, the following assumptions must hold true:

• The value of 1 PARKLANDS has moved in line with the HPI for detached houses in the Basildon local authority area.
• The May 2007 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PARKLANDS has not materially changed since May 2007.

How Large is 1 PARKLANDS?

1 PARKLANDS is 96m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% of detached houses houses in Billericay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Billericay, and where 1 PARKLANDS lies on this distribution: 14% of detached houses houses are smaller than 1 PARKLANDS, and 85% of houses are larger. Note that EPC data is not available for all properties in Billericay.

1 PARKLANDS: Plot and Title Map

1 PARKLANDS sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 1 PARKLANDS, 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 PARKLANDS). 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 PARKLANDS?

1 PARKLANDS is located in BILLERICAY, in the CM11 postcode district. The below map shows the position of No. 1 on PARKLANDS.