8, NESBIT CLOSE, WICKFORD, SS12 0PT - £475,000

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.

8 NESBIT CLOSE is a large detached house of 121m², built sometime between 1996 and 2002, which could now be worth an estimated £573,203. It was last sold for £475,000 in June 2019, which was around 13% below the average June 2019 detached price in the Basildon local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

8 NESBIT CLOSE Sold Prices

Land registry data shows four sales for 8 NESBIT CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. The four 8 NESBIT CLOSE sales were a mix of below the average price, and roughly equal to 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
2019 17 JUN	£475,000	£546,274	13% below HPI
2015 3 JUL	£300,000	£434,674	31% below HPI
2007 15 OCT	£320,000	£358,131	11% below HPI
2003 12 SEP	£290,000	£290,926	Close to HPI

8 NESBIT 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 four 8 NESBIT CLOSE sales between September 2003 and June 2019 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 July 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2019 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 8 NESBIT CLOSE be worth now?

8 NESBIT CLOSE might now be worth an estimated £573,203.

This is based on house price inflation of 20.7%, between June 2019 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 20.7% inflationary increase is applied to the most recent sale price for 8 NESBIT CLOSE of £475,000 on 17th June 2019. For the value to have increased from £475,000 to £573,203 over the six years and four months to February 2025, the following assumptions must hold true:

• The value of 8 NESBIT CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The June 2019 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 8 NESBIT CLOSE has not materially changed since June 2019.

How Large is 8 NESBIT CLOSE?

8 NESBIT CLOSE is 121m² according to the EPC inspection conducted in May 2011. This puts it in the largest 40% 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 8 NESBIT CLOSE lies on this distribution: 66% of detached houses houses are smaller than 8 NESBIT CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Wickford.

8 NESBIT CLOSE: Plot and Title Map

8 NESBIT CLOSE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 8 NESBIT 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 8 NESBIT 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 8 NESBIT CLOSE?

8 NESBIT CLOSE is located in WICKFORD, in the SS12 postcode district. The below map shows the position of No. 8 on NESBIT CLOSE.