40, MARGARITE WAY, WICKFORD, SS12 0ER - £389,995

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.

40 MARGARITE WAY is a very small semi-detached house of 66m², built sometime between 1930 and 1949, which could now be worth an estimated £387,248. It was last sold for £389,995 in September 2022, which was around 7% below the average September 2022 semi-detached price in the Basildon local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

40 MARGARITE WAY Sold Prices

Land registry data shows three sales for 40 MARGARITE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Basildon local authority area for the corresponding sale date. All of the three 40 MARGARITE WAY 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
2022 7 SEP	£389,995	£419,750	7% below HPI
2014 2 SEP	£215,000	£248,541	13% below HPI
2011 27 SEP	£160,000	£210,328	24% below HPI

40 MARGARITE WAY 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 three 40 MARGARITE WAY sales between September 2011 and September 2022 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 September 2014 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 40 MARGARITE WAY be worth now?

40 MARGARITE WAY might now be worth an estimated £387,248.

This is based on house price deflation of 0.7%, between September 2022 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 0.7% deflationary decrease is applied to the most recent sale price for 40 MARGARITE WAY of £389,995 on 7th September 2022. For the value to have decreased from £389,995 to £387,248 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 40 MARGARITE WAY has moved in line with the HPI for semi-detached houses in the Basildon local authority area.
• The September 2022 sale price of £389,995 represented a fair market value for the property.
• The size, condition, and specification of 40 MARGARITE WAY has not materially changed since September 2022.

How Large is 40 MARGARITE WAY?

40 MARGARITE WAY is 66m² according to the EPC inspection conducted in May 2022. 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 40 MARGARITE WAY lies on this distribution: 3% of semi-detached houses houses are smaller than 40 MARGARITE WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Wickford.

40 MARGARITE WAY: Plot and Title Map

40 MARGARITE WAY sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 40 MARGARITE 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 40 MARGARITE 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 40 MARGARITE WAY?

40 MARGARITE WAY is located in WICKFORD, in the SS12 postcode district. The below map shows the position of No. 40 on MARGARITE WAY.