7, OSTERLEY DRIVE, LANGDON HILLS, BASILDON, SS16 6RZ - £240,000

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 OSTERLEY DRIVE is a small extended detached house of 94m², built sometime between 1983 and 1990, which could now be worth an estimated £505,536. It was last sold for £240,000 in February 2006, which was around 23% below the average February 2006 detached price in the Basildon local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

7 OSTERLEY DRIVE Sold Prices

Land registry data shows two sales for 7 OSTERLEY DRIVE 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 7 OSTERLEY 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
2006 14 FEB	£240,000	£312,957	23% below HPI
1996 21 OCT	£85,000	£106,118	20% below HPI

7 OSTERLEY 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 two 7 OSTERLEY DRIVE sales from October 1996 and February 2006 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 October 1996 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the February 2006 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 7 OSTERLEY DRIVE be worth now?

7 OSTERLEY DRIVE might now be worth an estimated £505,536.

This is based on house price inflation of 110.6%, between February 2006 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 110.6% inflationary increase is applied to the most recent sale price for 7 OSTERLEY DRIVE of £240,000 on 14th February 2006. For the value to have increased from £240,000 to £505,536 over the nineteen years to February 2025, the following assumptions must hold true:

• The value of 7 OSTERLEY DRIVE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The February 2006 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 7 OSTERLEY DRIVE has not materially changed since February 2006.

How Large is 7 OSTERLEY DRIVE?

7 OSTERLEY DRIVE is 94m², which includes one extension, according to the EPC inspection conducted in June 2013. 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 7 OSTERLEY DRIVE lies on this distribution: 24% of detached houses houses are smaller than 7 OSTERLEY DRIVE, and 75% of houses are larger. Note that EPC data is not available for all properties in Basildon.

7 OSTERLEY DRIVE: Plot and Title Map

7 OSTERLEY DRIVE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 7 OSTERLEY 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 OSTERLEY 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 OSTERLEY DRIVE?

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