2, PAVILION PLACE, BILLERICAY, CM12 0ET - £465,500

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 PAVILION PLACE is a very small detached house of 95m², built sometime between 1983 and 1990, which could now be worth an estimated £548,834. It was last sold for £465,500 in December 2019, which was around 17% below the average December 2019 detached price in the Basildon local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

2 PAVILION PLACE Sold Prices

Land registry data shows two sales for 2 PAVILION PLACE 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 2 PAVILION PLACE 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
2019 11 DEC	£465,500	£559,118	17% below HPI
2019 25 OCT	£470,000	£553,516	15% below HPI

2 PAVILION PLACE 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 2 PAVILION PLACE sales from October 2019 and December 2019 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 2019 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2019 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 2 PAVILION PLACE be worth now?

2 PAVILION PLACE might now be worth an estimated £548,834.

This is based on house price inflation of 17.9%, between December 2019 and February 2025, 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 17.9% inflationary increase is applied to the most recent sale price for 2 PAVILION PLACE of £465,500 on 11th December 2019. For the value to have increased from £465,500 to £548,834 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 PAVILION PLACE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The December 2019 sale price of £465,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PAVILION PLACE has not materially changed since December 2019.

How Large is 2 PAVILION PLACE?

2 PAVILION PLACE is 95m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 20% of detached houses houses in Billericay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Billericay, and where 2 PAVILION PLACE lies on this distribution: 14% of detached houses houses are smaller than 2 PAVILION PLACE, and 86% of houses are larger. Note that EPC data is not available for all properties in Billericay.

2 PAVILION PLACE: Plot and Title Map

2 PAVILION PLACE sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of 2 PAVILION PLACE, 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 PAVILION PLACE). 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 PAVILION PLACE?

2 PAVILION PLACE is located in BILLERICAY, in the CM12 postcode district. The below map shows the position of No. 2 on PAVILION PLACE.