9, READING CLOSE, LANGDON HILLS, BASILDON, SS16 6UF - £327,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

9 READING CLOSE is a large detached house of 126m², built sometime between 1996 and 2002, which could now be worth an estimated £626,018. It was last sold for £327,500 in August 2011, which was around 5% below the average August 2011 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.

9 READING CLOSE Sold Prices

Land registry data shows three sales for 9 READING 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. Two of the three 9 READING CLOSE sales were for below the average price, whilst one was for above 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
2011 19 AUG	£327,500	£343,030	5% below HPI
1998 21 MAY	£129,000	£121,487	6% above HPI
1995 27 OCT	£98,500	£99,444	1% below HPI

9 READING 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 READING CLOSE sales between October 1995 and August 2011 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 May 1998 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the August 2011 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 9 READING CLOSE be worth now?

9 READING CLOSE might now be worth an estimated £626,018.

This is based on house price inflation of 91.2%, between August 2011 and December 2024, 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 91.2% inflationary increase is applied to the most recent sale price for 9 READING CLOSE of £327,500 on 19th August 2011. For the value to have increased from £327,500 to £626,018 over the twelve years and eight months to December 2024, the following assumptions must hold true:

• The value of 9 READING CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The August 2011 sale price of £327,500 represented a fair market value for the property.
• The size, condition, and specification of 9 READING CLOSE has not materially changed since August 2011.

How Large is 9 READING CLOSE?

9 READING CLOSE is 126m² according to the EPC inspection conducted in May 2011. This puts it in the largest 40% 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 READING CLOSE lies on this distribution: 64% of detached houses houses are smaller than 9 READING CLOSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Basildon.

9 READING CLOSE: Plot and Title Map

9 READING CLOSE sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 9 READING 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 READING 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 READING CLOSE?

9 READING CLOSE is located in LANGDON HILLS, in the SS16 postcode district. The below map shows the position of No. 9 on READING CLOSE.