5, WALLACE DRIVE, WICKFORD, SS12 9NA - £390,000

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 WALLACE DRIVE is a midsized detached house of 108m², built sometime between 1991 and 1995, which could now be worth an estimated £463,148. It was last sold for £390,000 in August 2017, which was around 29% below the average August 2017 detached price in the Basildon local authority area. The most recent EPC inspection was April 2009, where the current energy rating was D, and the potential energy rating was D.

5 WALLACE DRIVE Sold Prices

Land registry data shows three sales for 5 WALLACE 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 WALLACE DRIVE 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
2017 11 AUG	£390,000	£552,144	29% below HPI
1999 23 SEP	£105,000	£142,388	26% below HPI
1996 2 APR	£80,000	£98,464	19% below HPI

5 WALLACE 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 WALLACE DRIVE sales between April 1996 and August 2017 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 1999 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2017 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 5 WALLACE DRIVE be worth now?

5 WALLACE DRIVE might now be worth an estimated £463,148.

This is based on house price inflation of 18.8%, between August 2017 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 18.8% inflationary increase is applied to the most recent sale price for 5 WALLACE DRIVE of £390,000 on 11th August 2017. For the value to have increased from £390,000 to £463,148 over the six years and eight months to December 2024, the following assumptions must hold true:

• The value of 5 WALLACE DRIVE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The August 2017 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WALLACE DRIVE has not materially changed since August 2017.

How Large is 5 WALLACE DRIVE?

5 WALLACE DRIVE is 108m² according to the EPC inspection conducted in April 2009. This puts it in the smallest 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 5 WALLACE DRIVE lies on this distribution: 47% of detached houses houses are smaller than 5 WALLACE DRIVE, and 53% of houses are larger. Note that EPC data is not available for all properties in Wickford.

5 WALLACE DRIVE: Plot and Title Map

5 WALLACE DRIVE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 5 WALLACE 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 WALLACE 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 WALLACE DRIVE?

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