22, MARKHAMS CLOSE, BASILDON, SS15 5FJ - £385,000

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.

22 MARKHAMS CLOSE is a very small terraced house of 87m², built sometime between 2007 and 2011, which could now be worth an estimated £390,490. It was last sold for £385,000 in July 2022, which was around 26% above the average July 2022 terraced price in the Basildon local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

22 MARKHAMS CLOSE Sold Prices

Land registry data shows three sales for 22 MARKHAMS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Basildon local authority area for the corresponding sale date. All of the three 22 MARKHAMS CLOSE sales were 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 8 JUL	£385,000	£304,887	26% above HPI
2016 11 AUG	£312,000	£235,917	32% above HPI
2012 29 JUN	£232,995	£152,806	52% above HPI

22 MARKHAMS CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Basildon local authority area over time, sourced from the HPI. The three 22 MARKHAMS CLOSE sales between June 2012 and July 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 August 2016 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the July 2022 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 22 MARKHAMS CLOSE be worth now?

22 MARKHAMS CLOSE might now be worth an estimated £390,490.

This is based on house price inflation of 1.4%, between July 2022 and April 2026, for terraced 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 1.4% inflationary increase is applied to the most recent sale price for 22 MARKHAMS CLOSE of £385,000 on 8th July 2022. For the value to have increased from £385,000 to £390,490 over the four years and three months to April 2026, the following assumptions must hold true:

• The value of 22 MARKHAMS CLOSE has moved in line with the HPI for terraced houses in the Basildon local authority area.
• The July 2022 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 22 MARKHAMS CLOSE has not materially changed since July 2022.

How Large is 22 MARKHAMS CLOSE?

22 MARKHAMS CLOSE is 87m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 20% of terraced houses houses in Basildon, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Basildon, and where 22 MARKHAMS CLOSE lies on this distribution: 16% of terraced houses houses are smaller than 22 MARKHAMS CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Basildon.

22 MARKHAMS CLOSE: Plot and Title Map

22 MARKHAMS CLOSE sits on a plot of roughly 0.041 of an acre, or 166m². The below map shows the location of 22 MARKHAMS 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 22 MARKHAMS 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 22 MARKHAMS CLOSE?

22 MARKHAMS CLOSE is located in BASILDON, in the SS15 postcode district. The below map shows the position of No. 22 on MARKHAMS CLOSE.