5, OAKWOOD DRIVE, BILLERICAY, CM12 0SA - £578,000

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.

5 OAKWOOD DRIVE is a large detached house of 165m², built sometime between 1996 and 2002, which could now be worth an estimated £1,002,704. It was last sold for £578,000 in May 2014, which was around 52% above the average May 2014 detached price in the Basildon local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was C.

5 OAKWOOD DRIVE Sold Prices

Land registry data shows three sales for 5 OAKWOOD DRIVE 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. All of the three 5 OAKWOOD DRIVE sales were 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
2014 2 MAY	£578,000	£379,997	52% above HPI
2001 16 MAR	£365,000	£177,438	106% above HPI
1999 8 DEC	£287,000	£148,467	93% above HPI

5 OAKWOOD DRIVE 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 OAKWOOD DRIVE sales between December 1999 and May 2014 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 March 2001 sale was for 106% above the HPI. So the extrapolation line tracks at 106% above the HPI over time, until the May 2014 sale, where it falls to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might 5 OAKWOOD DRIVE be worth now?

5 OAKWOOD DRIVE might now be worth an estimated £1,002,704.

This is based on house price inflation of 73.5%, between May 2014 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 73.5% inflationary increase is applied to the most recent sale price for 5 OAKWOOD DRIVE of £578,000 on 2nd May 2014. For the value to have increased from £578,000 to £1,002,704 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 5 OAKWOOD DRIVE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The May 2014 sale price of £578,000 represented a fair market value for the property.
• The size, condition, and specification of 5 OAKWOOD DRIVE has not materially changed since May 2014.

How Large is 5 OAKWOOD DRIVE?

5 OAKWOOD DRIVE is 165m² according to the EPC inspection conducted in February 2014. This puts it in the largest 30% of detached houses houses in Billericay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Billericay, and where 5 OAKWOOD DRIVE lies on this distribution: 71% of detached houses houses are smaller than 5 OAKWOOD DRIVE, and 28% of houses are larger. Note that EPC data is not available for all properties in Billericay.

5 OAKWOOD DRIVE: Plot and Title Map

5 OAKWOOD DRIVE sits on a plot of roughly 0.125 of an acre, or 504m². The below map shows the location of 5 OAKWOOD DRIVE, 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 OAKWOOD DRIVE). 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 OAKWOOD DRIVE?

5 OAKWOOD DRIVE is located in BILLERICAY, in the CM12 postcode district. The below map shows the position of No. 5 on OAKWOOD DRIVE.