1, READING CLOSE, LANGDON HILLS, BASILDON, SS16 6UF - £395,000

1 READING CLOSE is a very small detached house of 85m², built sometime between 1991 and 1995. It was last sold for £395,000 in March 2022, which was around 40% below the average March 2022 detached price in the Basildon local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

1 READING CLOSE Sold Prices

Land registry data shows four sales for 1 READING 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. All of the four 1 READING 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
2022 3 MAR	£395,000	£662,185	40% below HPI
2012 20 JUL	£265,500	£342,896	23% below HPI
1999 24 SEP	£104,500	£141,501	26% below HPI
1996 26 JAN	£78,995	£98,137	20% below HPI

1 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 four 1 READING CLOSE sales between January 1996 and March 2022 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 2012 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2022 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 1 READING CLOSE?

1 READING CLOSE is 85m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 20% of detached houses in Basildon, based on EPC data. The below chart shows the distribution of detached houses by size in Basildon, and where 1 READING CLOSE lies on this distribution: 14% of detached houses are smaller than 1 READING CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Basildon.

1 READING CLOSE: Plot and Title Map

1 READING CLOSE sits on a plot of roughly 0.044 of an acre, or 176m². The below map shows the location of 1 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 1 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 1 READING CLOSE?

1 READING CLOSE is located in LANGDON HILLS, in the SS16 postcode district. The below map shows the position of No. 1 on READING CLOSE.