41, LANCER WAY, BILLERICAY, CM12 0XA - £485,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

41 LANCER WAY is a very small extended detached house of 98m², built sometime between 1976 and 1982. It was last sold for £485,000 in March 2024, which was around 25% below the average March 2024 detached price in the Basildon local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

41 LANCER WAY Sold Prices

Land registry data shows four sales for 41 LANCER 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 Basildon local authority area for the corresponding sale date. All of the four 41 LANCER 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
2024 27 MAR	£485,000	£647,793	25% below HPI
2013 28 JUN	£337,500	£355,775	5% below HPI
2006 15 DEC	£309,995	£323,757	4% below HPI
1995 19 OCT	£76,000	£98,825	23% below HPI

41 LANCER WAY 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 four 41 LANCER WAY sales between October 1995 and March 2024 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 June 2013 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the March 2024 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 41 LANCER WAY?

41 LANCER WAY is 98m², which includes one extension, according to the EPC inspection conducted in November 2023. This puts it in the smallest 20% of detached houses in Billericay, based on EPC data. The below chart shows the distribution of detached houses by size in Billericay, and where 41 LANCER WAY lies on this distribution: 16% of detached houses are smaller than 41 LANCER WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Billericay.

41 LANCER WAY: Plot and Title Map

41 LANCER WAY sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 41 LANCER 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 41 LANCER 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 41 LANCER WAY?

41 LANCER WAY is located in BILLERICAY, in the CM12 postcode district. The below map shows the position of No. 41 on LANCER WAY.