7, LANCASTER DRIVE, LANGDON HILLS, BASILDON, SS16 6UE - £395,000

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.

7 LANCASTER DRIVE is a very small detached house of 84m², built sometime between 1996 and 2002, which could now be worth an estimated £495,541. It was last sold for £395,000 in October 2016, which was around 25% below the average October 2016 detached price in the Basildon local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

7 LANCASTER DRIVE Sold Prices

Land registry data shows three sales for 7 LANCASTER 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 7 LANCASTER 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
2016 31 OCT	£395,000	£525,464	25% below HPI
2007 26 APR	£262,500	£328,985	20% below HPI
1996 7 FEB	£82,000	£96,553	15% below HPI

7 LANCASTER 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 7 LANCASTER DRIVE sales between February 1996 and October 2016 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 April 2007 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the October 2016 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 7 LANCASTER DRIVE be worth now?

7 LANCASTER DRIVE might now be worth an estimated £495,541.

This is based on house price inflation of 25.5%, between October 2016 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 25.5% inflationary increase is applied to the most recent sale price for 7 LANCASTER DRIVE of £395,000 on 31st October 2016. For the value to have increased from £395,000 to £495,541 over the nine years and eight months to February 2025, the following assumptions must hold true:

• The value of 7 LANCASTER DRIVE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The October 2016 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LANCASTER DRIVE has not materially changed since October 2016.

How Large is 7 LANCASTER DRIVE?

7 LANCASTER DRIVE is 84m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 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 7 LANCASTER DRIVE lies on this distribution: 12% of detached houses houses are smaller than 7 LANCASTER DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Basildon.

7 LANCASTER DRIVE: Plot and Title Map

7 LANCASTER DRIVE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 7 LANCASTER 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 7 LANCASTER 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 7 LANCASTER DRIVE?

7 LANCASTER DRIVE is located in LANGDON HILLS, in the SS16 postcode district. The below map shows the position of No. 7 on LANCASTER DRIVE.