12, THE TERRACE, LEIGH-ON-SEA, SS9 2DF - £300,000

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.

12 THE TERRACE is a very small extended terraced house of 62m², built sometime between 1900 and 1929, which could now be worth an estimated £304,386. It was last sold for £300,000 in February 2022, which was around 4% below the average February 2022 terraced price in the Southend-on-Sea local authority area. The most recent EPC inspection was November 2021, where the current energy rating was F, and the potential energy rating was C.

12 THE TERRACE Sold Prices

Land registry data shows two sales for 12 THE TERRACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Southend-on-Sea local authority area for the corresponding sale date. One of the two 12 THE TERRACE sales was for below the average price, whilst the other 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
2022 10 FEB	£300,000	£311,870	4% below HPI
2003 7 MAR	£167,000	£115,322	45% above HPI

12 THE TERRACE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Southend-on-Sea local authority area over time, sourced from the HPI. The two 12 THE TERRACE sales from March 2003 and February 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 March 2003 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the February 2022 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 12 THE TERRACE be worth now?

12 THE TERRACE might now be worth an estimated £304,386.

This is based on house price inflation of 1.5%, between February 2022 and June 2025, for terraced houses, in the Southend-on-Sea local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.5% inflationary increase is applied to the most recent sale price for 12 THE TERRACE of £300,000 on 10th February 2022. For the value to have increased from £300,000 to £304,386 over the two years and eight months to June 2025, the following assumptions must hold true:

• The value of 12 THE TERRACE has moved in line with the HPI for terraced houses in the Southend-on-Sea local authority area.
• The February 2022 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 12 THE TERRACE has not materially changed since February 2022.

How Large is 12 THE TERRACE?

12 THE TERRACE is 62m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 10% of terraced houses houses in Southend-on-Sea, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Southend-on-Sea, and where 12 THE TERRACE lies on this distribution: 4% of terraced houses houses are smaller than 12 THE TERRACE, and 96% of houses are larger. Note that EPC data is not available for all properties in Southend-on-Sea.

12 THE TERRACE: Plot and Title Map

12 THE TERRACE sits on a plot of roughly 0.042 of an acre, or 171m². The below map shows the location of 12 THE TERRACE, 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 12 THE TERRACE). 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 12 THE TERRACE?

12 THE TERRACE is located in LEIGH-ON-SEA, in the SS9 postcode district. The below map shows the position of No. 12 on THE TERRACE.