5, MURRAY WAY, WICKFORD, SS12 9SB - £300,000

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

5 MURRAY WAY is a large detached house of 125m², built sometime between 1996 and 2002, which could now be worth an estimated £619,181. It was last sold for £300,000 in August 2006, which was around 6% below the average August 2006 detached price in the Basildon local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was C.

5 MURRAY WAY Sold Prices

Land registry data shows three sales for 5 MURRAY WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. Two of the three 5 MURRAY WAY sales were for below the average price, whilst one was 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
2006 25 AUG	£300,000	£317,696	6% below HPI
2004 25 JUN	£291,000	£295,430	1% below HPI
2001 19 JUL	£197,995	£186,186	6% above HPI

5 MURRAY 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 three 5 MURRAY WAY sales between July 2001 and August 2006 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 2004 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2006 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 5 MURRAY WAY be worth now?

5 MURRAY WAY might now be worth an estimated £619,181.

This is based on house price inflation of 106.4%, between August 2006 and December 2024, 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 106.4% inflationary increase is applied to the most recent sale price for 5 MURRAY WAY of £300,000 on 25th August 2006. For the value to have increased from £300,000 to £619,181 over the seventeen years and eight months to December 2024, the following assumptions must hold true:

• The value of 5 MURRAY WAY has moved in line with the HPI for detached houses in the Basildon local authority area.
• The August 2006 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MURRAY WAY has not materially changed since August 2006.

How Large is 5 MURRAY WAY?

5 MURRAY WAY is 125m² according to the EPC inspection conducted in March 2021. This puts it in the largest 30% 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 5 MURRAY WAY lies on this distribution: 70% of detached houses houses are smaller than 5 MURRAY WAY, and 29% of houses are larger. Note that EPC data is not available for all properties in Wickford.

5 MURRAY WAY: Plot and Title Map

5 MURRAY WAY sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 5 MURRAY 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 5 MURRAY 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 5 MURRAY WAY?

5 MURRAY WAY is located in WICKFORD, in the SS12 postcode district. The below map shows the position of No. 5 on MURRAY WAY.