2, OXFORD CLOSE, LANGDON HILLS, BASILDON, SS16 6UN - £385,000

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

2 OXFORD CLOSE is a large detached house of 124m², built sometime between 1996 and 2002, which could now be worth an estimated £583,949. It was last sold for £385,000 in May 2015, which was around 11% below the average May 2015 detached price in the Basildon local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

2 OXFORD CLOSE Sold Prices

Land registry data shows three sales for 2 OXFORD 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. Two of the three 2 OXFORD CLOSE sales were for below the average price, whilst one 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 12 MAY	£385,000	£432,308	11% below HPI
1998 12 AUG	£120,000	£131,462	9% below HPI
1996 21 JUN	£120,000	£100,176	20% above HPI

2 OXFORD 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 2 OXFORD CLOSE sales between June 1996 and May 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 August 1998 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the May 2015 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 2 OXFORD CLOSE be worth now?

2 OXFORD CLOSE might now be worth an estimated £583,949.

This is based on house price inflation of 51.7%, between May 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 51.7% inflationary increase is applied to the most recent sale price for 2 OXFORD CLOSE of £385,000 on 12th May 2015. For the value to have increased from £385,000 to £583,949 over the eight years and five months to December 2024, the following assumptions must hold true:

• The value of 2 OXFORD CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The May 2015 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OXFORD CLOSE has not materially changed since May 2015.

How Large is 2 OXFORD CLOSE?

2 OXFORD CLOSE is 124m² according to the EPC inspection conducted in June 2014. This puts it in the largest 40% 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 2 OXFORD CLOSE lies on this distribution: 61% of detached houses houses are smaller than 2 OXFORD CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Basildon.

2 OXFORD CLOSE: Plot and Title Map

2 OXFORD CLOSE sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of 2 OXFORD 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 2 OXFORD 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 2 OXFORD CLOSE?

2 OXFORD CLOSE is located in LANGDON HILLS, in the SS16 postcode district. The below map shows the position of No. 2 on OXFORD CLOSE.