15, MURRAY WAY, WICKFORD, SS12 9SB - £475,000

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 MURRAY WAY is a large extended detached house of 129m², built sometime between 1991 and 1995, which could now be worth an estimated £552,839. It was last sold for £475,000 in April 2020, which was around 16% below the average April 2020 detached price in the Basildon local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

15 MURRAY WAY Sold Prices

Land registry data shows three sales for 15 MURRAY WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. All of the three 15 MURRAY WAY 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
2020 15 APR	£475,000	£563,382	16% below HPI
2007 12 OCT	£310,000	£358,131	13% below HPI
2002 29 NOV	£235,950	£255,257	8% below HPI

15 MURRAY WAY 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 three 15 MURRAY WAY sales between November 2002 and April 2020 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 October 2007 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the April 2020 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 15 MURRAY WAY be worth now?

15 MURRAY WAY might now be worth an estimated £552,839.

This is based on house price inflation of 16.4%, between April 2020 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 16.4% inflationary increase is applied to the most recent sale price for 15 MURRAY WAY of £475,000 on 15th April 2020. For the value to have increased from £475,000 to £552,839 over the three years and four months to December 2024, the following assumptions must hold true:

• The value of 15 MURRAY WAY has moved in line with the HPI for detached houses in the Basildon local authority area.
• The April 2020 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MURRAY WAY has not materially changed since April 2020.

How Large is 15 MURRAY WAY?

15 MURRAY WAY is 129m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the largest 30% of detached houses houses in Wickford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wickford, and where 15 MURRAY WAY lies on this distribution: 74% of detached houses houses are smaller than 15 MURRAY WAY, and 26% of houses are larger. Note that EPC data is not available for all properties in Wickford.

15 MURRAY WAY: Plot and Title Map

15 MURRAY WAY sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 15 MURRAY 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 MURRAY 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 MURRAY WAY?

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