15, OAKHAM CLOSE, LANGDON HILLS, BASILDON, SS16 6NX - £420,000

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 OAKHAM CLOSE is a very small detached house of 83m², built sometime between 1996 and 2002, which could now be worth an estimated £473,121. It was last sold for £420,000 in April 2021, which was around 28% below the average April 2021 detached price in the Basildon local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

15 OAKHAM CLOSE Sold Prices

Land registry data shows three sales for 15 OAKHAM CLOSE 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 OAKHAM 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
2021 27 APR	£420,000	£582,083	28% below HPI
2003 19 DEC	£203,000	£284,761	29% below HPI
1997 15 AUG	£90,995	£113,621	20% below HPI

15 OAKHAM 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 three 15 OAKHAM CLOSE sales between August 1997 and April 2021 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 December 2003 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the April 2021 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 15 OAKHAM CLOSE be worth now?

15 OAKHAM CLOSE might now be worth an estimated £473,121.

This is based on house price inflation of 12.6%, between April 2021 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 12.6% inflationary increase is applied to the most recent sale price for 15 OAKHAM CLOSE of £420,000 on 27th April 2021. For the value to have increased from £420,000 to £473,121 over the two years and four months to December 2024, the following assumptions must hold true:

• The value of 15 OAKHAM CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The April 2021 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 15 OAKHAM CLOSE has not materially changed since April 2021.

How Large is 15 OAKHAM CLOSE?

15 OAKHAM CLOSE is 83m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% 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 OAKHAM CLOSE lies on this distribution: 11% of detached houses houses are smaller than 15 OAKHAM CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Basildon.

15 OAKHAM CLOSE: Plot and Title Map

15 OAKHAM CLOSE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 15 OAKHAM 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 OAKHAM 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 OAKHAM CLOSE?

15 OAKHAM CLOSE is located in LANGDON HILLS, in the SS16 postcode district. The below map shows the position of No. 15 on OAKHAM CLOSE.