3, OAKHAM CLOSE, LANGDON HILLS, BASILDON, SS16 6NX - £455,000

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 OAKHAM CLOSE is a large extended detached house of 123m², built sometime between 1991 and 1995, which could now be worth an estimated £564,455. It was last sold for £455,000 in November 2016, which was around 14% below the average November 2016 detached price in the Basildon local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was C.

3 OAKHAM CLOSE Sold Prices

Land registry data shows three sales for 3 OAKHAM 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. All of the three 3 OAKHAM 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
2016 24 NOV	£455,000	£531,382	14% below HPI
2002 30 MAY	£216,500	£219,975	2% below HPI
1997 20 FEB	£103,000	£109,235	6% below HPI

3 OAKHAM 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 3 OAKHAM CLOSE sales between February 1997 and November 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 May 2002 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2016 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 3 OAKHAM CLOSE be worth now?

3 OAKHAM CLOSE might now be worth an estimated £564,455.

This is based on house price inflation of 24.1%, between November 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 24.1% inflationary increase is applied to the most recent sale price for 3 OAKHAM CLOSE of £455,000 on 24th November 2016. For the value to have increased from £455,000 to £564,455 over the nine years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 OAKHAM CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The November 2016 sale price of £455,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OAKHAM CLOSE has not materially changed since November 2016.

How Large is 3 OAKHAM CLOSE?

3 OAKHAM CLOSE is 123m², which includes one extension, according to the EPC inspection conducted in January 2016. 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 3 OAKHAM CLOSE lies on this distribution: 60% of detached houses houses are smaller than 3 OAKHAM CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Basildon.

3 OAKHAM CLOSE: Plot and Title Map

3 OAKHAM CLOSE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 3 OAKHAM 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 OAKHAM 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 OAKHAM CLOSE?

3 OAKHAM CLOSE is located in LANGDON HILLS, in the SS16 postcode district. The below map shows the position of No. 3 on OAKHAM CLOSE.