12, MARGARITE WAY, WICKFORD, SS12 0ER - £345,000

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.

12 MARGARITE WAY is a very small semi-detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £354,331. It was last sold for £345,000 in August 2023, which was around 15% below the average August 2023 semi-detached price in the Basildon local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was C.

12 MARGARITE WAY Sold Prices

Land registry data shows three sales for 12 MARGARITE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Basildon local authority area for the corresponding sale date. Two of the three 12 MARGARITE WAY sales were for below the average price, whilst one was 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
2023 17 AUG	£345,000	£405,817	15% below HPI
2003 11 APR	£175,000	£161,999	8% above HPI
2000 9 OCT	£90,000	£98,710	9% below HPI

12 MARGARITE WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Basildon local authority area over time, sourced from the HPI. The three 12 MARGARITE WAY sales between October 2000 and August 2023 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 April 2003 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the August 2023 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 12 MARGARITE WAY be worth now?

12 MARGARITE WAY might now be worth an estimated £354,331.

This is based on house price inflation of 2.7%, between August 2023 and February 2025, for semi-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 2.7% inflationary increase is applied to the most recent sale price for 12 MARGARITE WAY of £345,000 on 17th August 2023. For the value to have increased from £345,000 to £354,331 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of 12 MARGARITE WAY has moved in line with the HPI for semi-detached houses in the Basildon local authority area.
• The August 2023 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MARGARITE WAY has not materially changed since August 2023.

How Large is 12 MARGARITE WAY?

12 MARGARITE WAY is 74m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% of semi-detached houses houses in Wickford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wickford, and where 12 MARGARITE WAY lies on this distribution: 8% of semi-detached houses houses are smaller than 12 MARGARITE WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Wickford.

12 MARGARITE WAY: Plot and Title Map

12 MARGARITE WAY sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 12 MARGARITE 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 12 MARGARITE 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 12 MARGARITE WAY?

12 MARGARITE WAY is located in WICKFORD, in the SS12 postcode district. The below map shows the position of No. 12 on MARGARITE WAY.