42, MARGARITE WAY, WICKFORD, SS12 0ER - £520,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

42 MARGARITE WAY is a midsized extended detached house of 111m², built sometime between 1950 and 1966, which could now be worth an estimated £504,304. It was last sold for £520,000 in October 2022, which was around 23% below the average October 2022 detached price in the Basildon local authority area. The most recent EPC inspection was May 2022, where the current energy rating was E, and the potential energy rating was B.

42 MARGARITE WAY Sold Prices

Land registry data shows two sales for 42 MARGARITE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. Both of the two 42 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 26 OCT	£520,000	£679,729	23% below HPI
1995 28 APR	£84,000	£99,123	15% below HPI

42 MARGARITE 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 two 42 MARGARITE WAY sales from April 1995 and October 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 April 1995 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the October 2022 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 42 MARGARITE WAY be worth now?

42 MARGARITE WAY might now be worth an estimated £504,304.

This is based on house price deflation of 3%, between October 2022 and February 2025, for 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 3% deflationary decrease is applied to the most recent sale price for 42 MARGARITE WAY of £520,000 on 26th October 2022. For the value to have decreased from £520,000 to £504,304 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 42 MARGARITE WAY has moved in line with the HPI for detached houses in the Basildon local authority area.
• The October 2022 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of 42 MARGARITE WAY has not materially changed since October 2022.

How Large is 42 MARGARITE WAY?

42 MARGARITE WAY is 111m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the largest 50% of detached houses houses in Wickford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wickford, and where 42 MARGARITE WAY lies on this distribution: 50% of detached houses houses are smaller than 42 MARGARITE WAY, and 48% of houses are larger. Note that EPC data is not available for all properties in Wickford.

42 MARGARITE WAY: Plot and Title Map

42 MARGARITE WAY sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of 42 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 42 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 42 MARGARITE WAY?

42 MARGARITE WAY is located in WICKFORD, in the SS12 postcode district. The below map shows the position of No. 42 on MARGARITE WAY.