23, PARKLANDS, BILLERICAY, CM11 1AS - £395,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

23 PARKLANDS is a very small detached house of 93m², built sometime between 1967 and 1975, which could now be worth an estimated £497,795. It was last sold for £395,000 in September 2016, which was around 24% below the average September 2016 detached price in the Basildon local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

23 PARKLANDS Sold Prices

Land registry data shows two sales for 23 PARKLANDS 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 23 PARKLANDS 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
2016 2 SEP	£395,000	£523,084	24% below HPI
2013 22 MAR	£265,000	£343,675	23% below HPI

23 PARKLANDS 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 23 PARKLANDS sales from March 2013 and September 2016 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 March 2013 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2016 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 23 PARKLANDS be worth now?

23 PARKLANDS might now be worth an estimated £497,795.

This is based on house price inflation of 26%, between September 2016 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 26% inflationary increase is applied to the most recent sale price for 23 PARKLANDS of £395,000 on 2nd September 2016. For the value to have increased from £395,000 to £497,795 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 23 PARKLANDS has moved in line with the HPI for detached houses in the Basildon local authority area.
• The September 2016 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 23 PARKLANDS has not materially changed since September 2016.

How Large is 23 PARKLANDS?

23 PARKLANDS is 93m² according to the EPC inspection conducted in March 2012. 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 23 PARKLANDS lies on this distribution: 13% of detached houses houses are smaller than 23 PARKLANDS, and 87% of houses are larger. Note that EPC data is not available for all properties in Billericay.

23 PARKLANDS: Plot and Title Map

23 PARKLANDS sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 23 PARKLANDS, 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 23 PARKLANDS). 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 23 PARKLANDS?

23 PARKLANDS is located in BILLERICAY, in the CM11 postcode district. The below map shows the position of No. 23 on PARKLANDS.