1, REDWOOD DRIVE, LAINDON, BASILDON, SS15 4AF - £515,000

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 REDWOOD DRIVE is a midsized detached house of 111m², built sometime between 1996 and 2002, which could now be worth an estimated £523,173. It was last sold for £515,000 in May 2022, which was around 20% below the average May 2022 detached price in the Basildon local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

1 REDWOOD DRIVE Sold Prices

Land registry data shows four sales for 1 REDWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. All of the four 1 REDWOOD DRIVE 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
2022 13 MAY	£515,000	£645,460	20% below HPI
2008 29 AUG	£260,000	£347,524	25% below HPI
2002 25 APR	£189,995	£217,619	13% below HPI
1999 24 MAY	£112,950	£130,792	14% below HPI

1 REDWOOD DRIVE 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 four 1 REDWOOD DRIVE sales between May 1999 and May 2022 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 August 2008 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the May 2022 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 1 REDWOOD DRIVE be worth now?

1 REDWOOD DRIVE might now be worth an estimated £523,173.

This is based on house price inflation of 1.6%, between May 2022 and December 2024, 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 1.6% inflationary increase is applied to the most recent sale price for 1 REDWOOD DRIVE of £515,000 on 13th May 2022. For the value to have increased from £515,000 to £523,173 over the one year and five months to December 2024, the following assumptions must hold true:

• The value of 1 REDWOOD DRIVE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The May 2022 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of 1 REDWOOD DRIVE has not materially changed since May 2022.

How Large is 1 REDWOOD DRIVE?

1 REDWOOD DRIVE is 111m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 50% 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 REDWOOD DRIVE lies on this distribution: 43% of detached houses houses are smaller than 1 REDWOOD DRIVE, and 55% of houses are larger. Note that EPC data is not available for all properties in Basildon.

1 REDWOOD DRIVE: Plot and Title Map

1 REDWOOD DRIVE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 1 REDWOOD DRIVE, 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 REDWOOD DRIVE). 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 REDWOOD DRIVE?

1 REDWOOD DRIVE is located in LAINDON, in the SS15 postcode district. The below map shows the position of No. 1 on REDWOOD DRIVE.