9, LUTEA CLOSE, LAINDON, BASILDON, SS15 4HB - £328,000

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.

9 LUTEA CLOSE is a very small detached house of 75m², built sometime between 1996 and 2002, which could now be worth an estimated £379,949. It was last sold for £328,000 in July 2020, which was around 42% below the average July 2020 detached price in the Basildon local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

9 LUTEA CLOSE Sold Prices

Land registry data shows three sales for 9 LUTEA CLOSE 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 9 LUTEA CLOSE 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
2020 17 JUL	£328,000	£569,081	42% below HPI
2000 20 DEC	£124,500	£173,335	28% below HPI
1997 4 FEB	£86,950	£109,235	20% below HPI

9 LUTEA 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 three 9 LUTEA CLOSE sales between February 1997 and July 2020 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 December 2000 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2020 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 9 LUTEA CLOSE be worth now?

9 LUTEA CLOSE might now be worth an estimated £379,949.

This is based on house price inflation of 15.8%, between July 2020 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 15.8% inflationary increase is applied to the most recent sale price for 9 LUTEA CLOSE of £328,000 on 17th July 2020. For the value to have increased from £328,000 to £379,949 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 9 LUTEA CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The July 2020 sale price of £328,000 represented a fair market value for the property.
• The size, condition, and specification of 9 LUTEA CLOSE has not materially changed since July 2020.

How Large is 9 LUTEA CLOSE?

9 LUTEA CLOSE is 75m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 10% 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 9 LUTEA CLOSE lies on this distribution: 6% of detached houses houses are smaller than 9 LUTEA CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Basildon.

9 LUTEA CLOSE: Plot and Title Map

9 LUTEA CLOSE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 9 LUTEA 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 9 LUTEA 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 9 LUTEA CLOSE?

9 LUTEA CLOSE is located in LAINDON, in the SS15 postcode district. The below map shows the position of No. 9 on LUTEA CLOSE.