240, POUND LANE, BOWERS GIFFORD, BASILDON, SS13 2LB - £480,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

240 POUND LANE is a large extended detached house of 162m², built sometime between 1967 and 1975. It was last sold for £480,000 in March 2024, which was around 26% below the average March 2024 detached price in the Basildon local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was C.

240 POUND LANE Sold Prices

Land registry data shows four sales for 240 POUND LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. All of the four 240 POUND LANE 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
2024 22 MAR	£480,000	£647,793	26% below HPI
2021 30 JUN	£470,000	£587,524	20% below HPI
2013 31 MAY	£250,000	£351,809	29% below HPI
2000 29 NOV	£125,000	£173,926	28% below HPI

240 POUND LANE 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 four 240 POUND LANE sales between November 2000 and March 2024 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 June 2021 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2024 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 240 POUND LANE?

240 POUND LANE is 162m², which includes two extensions, according to the EPC inspection conducted in June 2023. This puts it in the largest 30% of detached houses in North Benfleet, based on EPC data. The below chart shows the distribution of detached houses by size in North Benfleet, and where 240 POUND LANE lies on this distribution: 73% of detached houses are smaller than 240 POUND LANE, and 26% of houses are larger. Note that EPC data is not available for all properties in North Benfleet.

240 POUND LANE: Plot and Title Map

240 POUND LANE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 240 POUND LANE, 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 240 POUND LANE). 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 240 POUND LANE?

240 POUND LANE is located in BOWERS GIFFORD, in the SS13 postcode district. The below map shows the position of No. 240 on POUND LANE.