15, MARGARITE WAY, WICKFORD, SS12 0ES - £240,000

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.

15 MARGARITE WAY is a very small extended semi-detached house of 61m², built sometime between 1950 and 1966, which could now be worth an estimated £374,738. It was last sold for £240,000 in July 2015, which was around 10% below the average July 2015 semi-detached price in the Basildon local authority area. The most recent EPC inspection was April 2015, where the current energy rating was E, and the potential energy rating was B.

15 MARGARITE WAY Sold Prices

Land registry data shows two sales for 15 MARGARITE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Basildon local authority area for the corresponding sale date. One of the two 15 MARGARITE WAY sales was for below the average price, whilst the other 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
2015 16 JUL	£240,000	£266,934	10% below HPI
1998 21 MAY	£84,995	£71,285	19% above HPI

15 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 two 15 MARGARITE WAY sales from May 1998 and July 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 May 1998 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the July 2015 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 15 MARGARITE WAY be worth now?

15 MARGARITE WAY might now be worth an estimated £374,738.

This is based on house price inflation of 56.1%, between July 2015 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 56.1% inflationary increase is applied to the most recent sale price for 15 MARGARITE WAY of £240,000 on 16th July 2015. For the value to have increased from £240,000 to £374,738 over the ten years and five months to February 2025, the following assumptions must hold true:

• The value of 15 MARGARITE WAY has moved in line with the HPI for semi-detached houses in the Basildon local authority area.
• The July 2015 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MARGARITE WAY has not materially changed since July 2015.

How Large is 15 MARGARITE WAY?

15 MARGARITE WAY is 61m², which includes one extension, according to the EPC inspection conducted in April 2015. 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 15 MARGARITE WAY lies on this distribution: 2% of semi-detached houses houses are smaller than 15 MARGARITE WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Wickford.

15 MARGARITE WAY: Plot and Title Map

15 MARGARITE WAY sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 15 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 15 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 15 MARGARITE WAY?

15 MARGARITE WAY is located in WICKFORD, in the SS12 postcode district. The below map shows the position of No. 15 on MARGARITE WAY.