12, WALTERS CLOSE, LEIGH-ON-SEA, SS9 5YQ - £250,000

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 WALTERS CLOSE is a very small detached house of 64m², built sometime between 1930 and 1949, which could now be worth an estimated £398,674. It was last sold for £250,000 in March 2015, which was around 36% below the average March 2015 detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was August 2011, where the current energy rating was E, and the potential energy rating was E.

12 WALTERS CLOSE Sold Prices

Land registry data shows two sales for 12 WALTERS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Southend-on-Sea local authority area for the corresponding sale date. Both of the two 12 WALTERS CLOSE 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
2015 20 MAR	£250,000	£391,697	36% below HPI
2011 30 SEP	£180,000	£327,223	45% below HPI

12 WALTERS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Southend-on-Sea local authority area over time, sourced from the HPI. The two 12 WALTERS CLOSE sales from September 2011 and March 2015 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 September 2011 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the March 2015 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 12 WALTERS CLOSE be worth now?

12 WALTERS CLOSE might now be worth an estimated £398,674.

This is based on house price inflation of 59.5%, between March 2015 and February 2025, for detached houses, in the Southend-on-Sea local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 59.5% inflationary increase is applied to the most recent sale price for 12 WALTERS CLOSE of £250,000 on 20th March 2015. For the value to have increased from £250,000 to £398,674 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of 12 WALTERS CLOSE has moved in line with the HPI for detached houses in the Southend-on-Sea local authority area.
• The March 2015 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 12 WALTERS CLOSE has not materially changed since March 2015.

How Large is 12 WALTERS CLOSE?

12 WALTERS CLOSE is 64m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 10% of detached houses houses in Southend-on-Sea, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southend-on-Sea, and where 12 WALTERS CLOSE lies on this distribution: 5% of detached houses houses are smaller than 12 WALTERS CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Southend-on-Sea.

12 WALTERS CLOSE: Plot and Title Map

12 WALTERS CLOSE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 12 WALTERS CLOSE, 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 WALTERS CLOSE). 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 WALTERS CLOSE?

12 WALTERS CLOSE is located in LEIGH-ON-SEA, in the SS9 postcode district. The below map shows the position of No. 12 on WALTERS CLOSE.