15, LUTEA CLOSE, LAINDON, BASILDON, SS15 4HB - £238,500

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

15 LUTEA CLOSE is a very small detached house of 76m², built sometime between 1991 and 1995, which could now be worth an estimated £426,417. It was last sold for £238,500 in November 2013, which was around 35% below the average November 2013 detached price in the Basildon local authority area. The most recent EPC inspection was July 2016, where the current energy rating was E, and the potential energy rating was B.

15 LUTEA CLOSE Sold Prices

Land registry data shows four sales for 15 LUTEA CLOSE 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 15 LUTEA 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
2013 4 NOV	£238,500	£366,743	35% below HPI
2006 22 MAR	£220,000	£311,352	29% below HPI
2005 14 JAN	£215,000	£308,795	30% below HPI
1997 27 FEB	£89,950	£109,235	18% below HPI

15 LUTEA CLOSE 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 15 LUTEA CLOSE sales between February 1997 and November 2013 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 March 2006 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2013 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 15 LUTEA CLOSE be worth now?

15 LUTEA CLOSE might now be worth an estimated £426,417.

This is based on house price inflation of 78.8%, between November 2013 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 78.8% inflationary increase is applied to the most recent sale price for 15 LUTEA CLOSE of £238,500 on 4th November 2013. For the value to have increased from £238,500 to £426,417 over the ten years and eleven months to December 2024, the following assumptions must hold true:

• The value of 15 LUTEA CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The November 2013 sale price of £238,500 represented a fair market value for the property.
• The size, condition, and specification of 15 LUTEA CLOSE has not materially changed since November 2013.

How Large is 15 LUTEA CLOSE?

15 LUTEA CLOSE is 76m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 10% 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 15 LUTEA CLOSE lies on this distribution: 7% of detached houses houses are smaller than 15 LUTEA CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Basildon.

15 LUTEA CLOSE: Plot and Title Map

15 LUTEA CLOSE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 15 LUTEA 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 15 LUTEA 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 15 LUTEA CLOSE?

15 LUTEA CLOSE is located in LAINDON, in the SS15 postcode district. The below map shows the position of No. 15 on LUTEA CLOSE.