57, REDWOOD DRIVE, LAINDON, BASILDON, SS15 4AF - £423,000

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.

57 REDWOOD DRIVE is a small detached house of 96m², built sometime between 1996 and 2002, which could now be worth an estimated £471,096. It was last sold for £423,000 in February 2021, which was around 29% below the average February 2021 detached price in the Basildon local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

57 REDWOOD DRIVE Sold Prices

Land registry data shows five sales for 57 REDWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. All of the five 57 REDWOOD 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
2021 19 FEB	£423,000	£591,910	29% below HPI
2016 23 SEP	£369,000	£523,084	29% below HPI
2002 10 JUN	£174,995	£224,804	22% below HPI
2000 26 OCT	£150,850	£173,228	13% below HPI
1997 27 MAR	£106,995	£109,034	2% below HPI

57 REDWOOD 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 five 57 REDWOOD DRIVE sales between March 1997 and February 2021 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 2016 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the February 2021 sale, which was also at 29% below the HPI.

What might 57 REDWOOD DRIVE be worth now?

57 REDWOOD DRIVE might now be worth an estimated £471,096.

This is based on house price inflation of 11.4%, between February 2021 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 11.4% inflationary increase is applied to the most recent sale price for 57 REDWOOD DRIVE of £423,000 on 19th February 2021. For the value to have increased from £423,000 to £471,096 over the four years to February 2025, the following assumptions must hold true:

• The value of 57 REDWOOD DRIVE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The February 2021 sale price of £423,000 represented a fair market value for the property.
• The size, condition, and specification of 57 REDWOOD DRIVE has not materially changed since February 2021.

How Large is 57 REDWOOD DRIVE?

57 REDWOOD DRIVE is 96m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 30% 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 57 REDWOOD DRIVE lies on this distribution: 26% of detached houses houses are smaller than 57 REDWOOD DRIVE, and 73% of houses are larger. Note that EPC data is not available for all properties in Basildon.

57 REDWOOD DRIVE: Plot and Title Map

57 REDWOOD DRIVE sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 57 REDWOOD 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 57 REDWOOD 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 57 REDWOOD DRIVE?

57 REDWOOD DRIVE is located in LAINDON, in the SS15 postcode district. The below map shows the position of No. 57 on REDWOOD DRIVE.