5, SAVOY CLOSE, LANGDON HILLS, BASILDON, SS16 6GG - £325,000

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 SAVOY CLOSE is a very large extended detached house of 164m², built sometime between 1996 and 2002, which could now be worth an estimated £686,044. It was last sold for £325,000 in May 2005, which was around 5% above the average May 2005 detached price in the Basildon local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was C.

5 SAVOY CLOSE Sold Prices

Land registry data shows two sales for 5 SAVOY CLOSE 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 5 SAVOY CLOSE 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
2005 31 MAY	£325,000	£310,627	5% above HPI
1998 30 SEP	£180,000	£128,905	40% above HPI

5 SAVOY CLOSE 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 5 SAVOY CLOSE sales from September 1998 and May 2005 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 September 1998 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the May 2005 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 5 SAVOY CLOSE be worth now?

5 SAVOY CLOSE might now be worth an estimated £686,044.

This is based on house price inflation of 111.1%, between May 2005 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 111.1% inflationary increase is applied to the most recent sale price for 5 SAVOY CLOSE of £325,000 on 31st May 2005. For the value to have increased from £325,000 to £686,044 over the eighteen years and five months to December 2024, the following assumptions must hold true:

• The value of 5 SAVOY CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The May 2005 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SAVOY CLOSE has not materially changed since May 2005.

How Large is 5 SAVOY CLOSE?

5 SAVOY CLOSE is 164m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the largest 20% of detached houses houses in Basildon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Basildon, and where 5 SAVOY CLOSE lies on this distribution: 88% of detached houses houses are smaller than 5 SAVOY CLOSE, and 12% of houses are larger. Note that EPC data is not available for all properties in Basildon.

5 SAVOY CLOSE: Plot and Title Map

5 SAVOY CLOSE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 5 SAVOY CLOSE, 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 SAVOY CLOSE). 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 SAVOY CLOSE?

5 SAVOY CLOSE is located in LANGDON HILLS, in the SS16 postcode district. The below map shows the position of No. 5 on SAVOY CLOSE.