40, OAKWOOD AVENUE, LEIGH-ON-SEA, SS9 4JX - £65,000

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.

40 OAKWOOD AVENUE is a very small extended detached house of 46m², built sometime between 1950 and 1966, which could now be worth an estimated £308,327. It was last sold for £65,000 in August 1999, which was around 51% below the average August 1999 detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

40 OAKWOOD AVENUE Sold Prices

Land registry data shows two sales for 40 OAKWOOD AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Southend-on-Sea local authority area for the corresponding sale date. Both of the two 40 OAKWOOD AVENUE 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
1999 12 AUG	£65,000	£131,683	51% below HPI
1998 5 JAN	£50,000	£113,277	56% below HPI

40 OAKWOOD AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Southend-on-Sea local authority area over time, sourced from the HPI. The two 40 OAKWOOD AVENUE sales from January 1998 and August 1999 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 January 1998 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the August 1999 sale, where it rises to 51% below the HPI. The line then continues to track at 51% below the HPI.

What might 40 OAKWOOD AVENUE be worth now?

40 OAKWOOD AVENUE might now be worth an estimated £308,327.

This is based on house price inflation of 374.3%, between August 1999 and February 2025, for detached houses, in the Southend-on-Sea local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 374.3% inflationary increase is applied to the most recent sale price for 40 OAKWOOD AVENUE of £65,000 on 12th August 1999. For the value to have increased from £65,000 to £308,327 over the 26 years and six months to February 2025, the following assumptions must hold true:

• The value of 40 OAKWOOD AVENUE has moved in line with the HPI for detached houses in the Southend-on-Sea local authority area.
• The August 1999 sale price of £65,000 represented a fair market value for the property.
• The size, condition, and specification of 40 OAKWOOD AVENUE has not materially changed since August 1999.

How Large is 40 OAKWOOD AVENUE?

40 OAKWOOD AVENUE is 46m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the smallest 10% of detached houses houses in Southend-on-Sea, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southend-on-Sea, and where 40 OAKWOOD AVENUE lies on this distribution: 1% of detached houses houses are smaller than 40 OAKWOOD AVENUE, and 99% of houses are larger. Note that EPC data is not available for all properties in Southend-on-Sea.

40 OAKWOOD AVENUE: Plot and Title Map

40 OAKWOOD AVENUE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 40 OAKWOOD AVENUE, 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 OAKWOOD AVENUE). 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 OAKWOOD AVENUE?

40 OAKWOOD AVENUE is located in LEIGH-ON-SEA, in the SS9 postcode district. The below map shows the position of No. 40 on OAKWOOD AVENUE.