38, ESSEX WAY, BENFLEET, SS7 1LT - £670,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

38 ESSEX WAY is a very large detached house of 183m², built sometime between 1930 and 1949. It was last sold for £670,000 in September 2023, which was around 35% above the average September 2023 detached price in the Castle Point local authority area. The most recent EPC inspection was May 2021, where the current energy rating was E, and the potential energy rating was C.

38 ESSEX WAY Sold Prices

Land registry data shows four sales for 38 ESSEX WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Castle Point local authority area for the corresponding sale date. All of the four 38 ESSEX WAY sales were for above 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
2023 7 SEP	£670,000	£496,153	35% above HPI
2021 31 AUG	£700,000	£446,401	57% above HPI
2014 27 FEB	£400,000	£266,800	50% above HPI
1999 16 SEP	£175,000	£110,021	59% above HPI

38 ESSEX WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Castle Point local authority area over time, sourced from the HPI. The four 38 ESSEX WAY sales between September 1999 and September 2023 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 August 2021 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the September 2023 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is 38 ESSEX WAY?

38 ESSEX WAY is 183m² according to the EPC inspection conducted in May 2021. This puts it in the largest 20% of detached houses in South Benfleet, based on EPC data. The below chart shows the distribution of detached houses by size in South Benfleet, and where 38 ESSEX WAY lies on this distribution: 82% of detached houses are smaller than 38 ESSEX WAY, and 17% of houses are larger. Note that EPC data is not available for all properties in South Benfleet.

38 ESSEX WAY: Plot and Title Map

38 ESSEX WAY sits on a plot of roughly 0.173 of an acre, or 702m². The below map shows the location of 38 ESSEX WAY, 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 38 ESSEX WAY). 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 38 ESSEX WAY?

38 ESSEX WAY is located in BENFLEET, in the SS7 postcode district. The below map shows the position of No. 38 on ESSEX WAY.