3, WALLACE DRIVE, WICKFORD, SS12 9NA - £275,000

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 WALLACE DRIVE is a very small semi-detached house of 63m², built sometime between 1991 and 1995, which could now be worth an estimated £334,667. It was last sold for £275,000 in January 2019, which was around 20% below the average January 2019 semi-detached price in the Basildon local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

3 WALLACE DRIVE Sold Prices

Land registry data shows two sales for 3 WALLACE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Basildon local authority area for the corresponding sale date. Both of the two 3 WALLACE DRIVE 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 4 JAN	£275,000	£342,484	20% below HPI
2016 17 OCT	£265,000	£321,259	18% below HPI

3 WALLACE DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Basildon local authority area over time, sourced from the HPI. The two 3 WALLACE DRIVE sales from October 2016 and January 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 2016 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the January 2019 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 3 WALLACE DRIVE be worth now?

3 WALLACE DRIVE might now be worth an estimated £334,667.

This is based on house price inflation of 21.7%, between January 2019 and February 2025, for semi-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 21.7% inflationary increase is applied to the most recent sale price for 3 WALLACE DRIVE of £275,000 on 4th January 2019. For the value to have increased from £275,000 to £334,667 over the five years and eleven months to February 2025, the following assumptions must hold true:

• The value of 3 WALLACE DRIVE has moved in line with the HPI for semi-detached houses in the Basildon local authority area.
• The January 2019 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WALLACE DRIVE has not materially changed since January 2019.

How Large is 3 WALLACE DRIVE?

3 WALLACE DRIVE is 63m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 10% of semi-detached houses houses in Wickford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wickford, and where 3 WALLACE DRIVE lies on this distribution: 2% of semi-detached houses houses are smaller than 3 WALLACE DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Wickford.

3 WALLACE DRIVE: Plot and Title Map

3 WALLACE DRIVE sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 3 WALLACE DRIVE, 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 WALLACE DRIVE). 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 WALLACE DRIVE?

3 WALLACE DRIVE is located in WICKFORD, in the SS12 postcode district. The below map shows the position of No. 3 on WALLACE DRIVE.