THE ACERS, STATION ROAD, WICKFORD, SS11 7NE - £490,000

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

THE ACERS is a very small extended detached house of 66m², built sometime between 1976 and 1982, which could now be worth an estimated £570,235. It was last sold for £490,000 in March 2020, which was around 13% below the average March 2020 detached price in the Basildon local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was D.

THE ACERS Sold Prices

Land registry data shows three sales for THE ACERS 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 THE ACERS 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 31 MAR	£490,000	£563,443	13% below HPI
2015 29 JUL	£235,000	£434,674	46% below HPI
2005 18 APR	£208,000	£305,561	32% below HPI

THE ACERS 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 THE ACERS sales between April 2005 and March 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 July 2015 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the March 2020 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might THE ACERS be worth now?

THE ACERS might now be worth an estimated £570,235.

This is based on house price inflation of 16.4%, between March 2020 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 16.4% inflationary increase is applied to the most recent sale price for THE ACERS of £490,000 on 31st March 2020. For the value to have increased from £490,000 to £570,235 over the three years and three months to December 2024, the following assumptions must hold true:

• The value of THE ACERS has moved in line with the HPI for detached houses in the Basildon local authority area.
• The March 2020 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of THE ACERS has not materially changed since March 2020.

How Large is THE ACERS?

THE ACERS is 66m², which includes one extension, according to the EPC inspection conducted in August 2009. This puts it in the smallest 10% of detached houses houses in Runwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Runwell, and where THE ACERS lies on this distribution: 5% of detached houses houses are smaller than THE ACERS, and 95% of houses are larger. Note that EPC data is not available for all properties in Runwell.

THE ACERS: Plot and Title Map

THE ACERS sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of THE ACERS, 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 THE ACERS). 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 THE ACERS?

THE ACERS is located on STATION ROAD in WICKFORD, in the SS11 postcode district. The below map shows the position of THE ACERS on STATION ROAD.