3, MARKHAMS CLOSE, BASILDON, SS15 5NB - £415,000

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.

3 MARKHAMS CLOSE is a midsized detached house of 114m², which could now be worth an estimated £499,296. It was last sold for £415,000 in June 2017, which was around 24% below the average June 2017 detached price in the Basildon local authority area. The most recent EPC inspection was October 2012, where the current energy rating was C, and the potential energy rating was B.

3 MARKHAMS CLOSE Sold Prices

Land registry data shows two sales for 3 MARKHAMS 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 3 MARKHAMS 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
2017 1 JUN	£415,000	£547,917	24% below HPI
2013 28 JUN	£270,000	£358,005	25% below HPI

3 MARKHAMS 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 3 MARKHAMS CLOSE sales from June 2013 and June 2017 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 2013 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2017 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 3 MARKHAMS CLOSE be worth now?

3 MARKHAMS CLOSE might now be worth an estimated £499,296.

This is based on house price inflation of 20.3%, between June 2017 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 20.3% inflationary increase is applied to the most recent sale price for 3 MARKHAMS CLOSE of £415,000 on 1st June 2017. For the value to have increased from £415,000 to £499,296 over the eight years and four months to February 2025, the following assumptions must hold true:

• The value of 3 MARKHAMS CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The June 2017 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MARKHAMS CLOSE has not materially changed since June 2017.

How Large is 3 MARKHAMS CLOSE?

3 MARKHAMS CLOSE is 114m² according to the EPC inspection conducted in October 2012. This puts it in the largest 50% 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 3 MARKHAMS CLOSE lies on this distribution: 49% of detached houses houses are smaller than 3 MARKHAMS CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Basildon.

3 MARKHAMS CLOSE: Plot and Title Map

3 MARKHAMS CLOSE sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 3 MARKHAMS 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 3 MARKHAMS 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 3 MARKHAMS CLOSE?

3 MARKHAMS CLOSE is located in BASILDON, in the SS15 postcode district. The below map shows the position of No. 3 on MARKHAMS CLOSE.