118, ESSEX WAY, BENFLEET, SS7 1LP - £915,000

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.

118 ESSEX WAY is a very large extended detached house of 231m², built sometime before 1900, which could now be worth an estimated £1,005,300. It was last sold for £915,000 in May 2021, which was around 117% above the average May 2021 detached price in the Castle Point local authority area. The most recent EPC inspection was April 2010, where the current energy rating was F, and the potential energy rating was E.

118 ESSEX WAY Sold Prices

Land registry data shows two sales for 118 ESSEX WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Castle Point local authority area for the corresponding sale date. Both of the two 118 ESSEX WAY sales were for above 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 7 MAY	£915,000	£421,790	117% above HPI
2010 5 JUL	£500,000	£257,944	94% above HPI

118 ESSEX WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Castle Point local authority area over time, sourced from the HPI. The two 118 ESSEX WAY sales from July 2010 and May 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 July 2010 sale was for 94% above the HPI. So the extrapolation line tracks at 94% above the HPI over time, until the May 2021 sale, where it rises to 117% above the HPI. The line then continues to track at 117% above the HPI.

What might 118 ESSEX WAY be worth now?

118 ESSEX WAY might now be worth an estimated £1,005,300.

This is based on house price inflation of 9.9%, between May 2021 and February 2025, for detached houses, in the Castle Point local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.9% inflationary increase is applied to the most recent sale price for 118 ESSEX WAY of £915,000 on 7th May 2021. For the value to have increased from £915,000 to £1,005,300 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 118 ESSEX WAY has moved in line with the HPI for detached houses in the Castle Point local authority area.
• The May 2021 sale price of £915,000 represented a fair market value for the property.
• The size, condition, and specification of 118 ESSEX WAY has not materially changed since May 2021.

How Large is 118 ESSEX WAY?

118 ESSEX WAY is 231m², which includes two extensions, according to the EPC inspection conducted in April 2010. This puts it in the largest 10% of detached houses houses in South Benfleet, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Benfleet, and where 118 ESSEX WAY lies on this distribution: 93% of detached houses houses are smaller than 118 ESSEX WAY, and 7% of houses are larger. Note that EPC data is not available for all properties in South Benfleet.

118 ESSEX WAY: Plot and Title Map

118 ESSEX WAY sits on a plot of roughly 0.309 of an acre, or 1,250m². The below map shows the location of 118 ESSEX WAY, 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 118 ESSEX WAY). 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 118 ESSEX WAY?

118 ESSEX WAY is located in BENFLEET, in the SS7 postcode district. The below map shows the position of No. 118 on ESSEX WAY.