18, LUTEA CLOSE, LAINDON, BASILDON, SS15 4HB - £335,000

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

18 LUTEA CLOSE is a very small detached house of 81m², built sometime between 1991 and 1995, which could now be worth an estimated £480,005. It was last sold for £335,000 in October 2015, which was around 27% below the average October 2015 detached price in the Basildon local authority area. The most recent EPC inspection was April 2024, where the current energy rating was D, and the potential energy rating was B.

18 LUTEA CLOSE Sold Prices

Land registry data shows two sales for 18 LUTEA 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 Basildon local authority area for the corresponding sale date. Both of the two 18 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
2015 30 OCT	£335,000	£457,622	27% below HPI
2003 24 JAN	£204,000	£266,143	23% below HPI

18 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 two 18 LUTEA CLOSE sales from January 2003 and October 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 January 2003 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2015 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 18 LUTEA CLOSE be worth now?

18 LUTEA CLOSE might now be worth an estimated £480,005.

This is based on house price inflation of 43.3%, between October 2015 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 43.3% inflationary increase is applied to the most recent sale price for 18 LUTEA CLOSE of £335,000 on 30th October 2015. For the value to have increased from £335,000 to £480,005 over the eight years and ten months to December 2024, the following assumptions must hold true:

• The value of 18 LUTEA CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The October 2015 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 18 LUTEA CLOSE has not materially changed since October 2015.

How Large is 18 LUTEA CLOSE?

18 LUTEA CLOSE is 81m² according to the EPC inspection conducted in April 2024. 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 18 LUTEA CLOSE lies on this distribution: 9% of detached houses houses are smaller than 18 LUTEA CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Basildon.

18 LUTEA CLOSE: Plot and Title Map

18 LUTEA CLOSE sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 18 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 18 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 18 LUTEA CLOSE?

18 LUTEA CLOSE is located in LAINDON, in the SS15 postcode district. The below map shows the position of No. 18 on LUTEA CLOSE.