3, FAIRVIEW ROAD, BASILDON, SS14 1PW - £307,500

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.

3 FAIRVIEW ROAD is a very small terraced house of 57m², built sometime between 1967 and 1975, which could now be worth an estimated £307,173. It was last sold for £307,500 in February 2023, which was around 1% below the average February 2023 terraced price in the Basildon local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

3 FAIRVIEW ROAD Sold Prices

Land registry data shows five sales for 3 FAIRVIEW ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Basildon local authority area for the corresponding sale date. All of the five 3 FAIRVIEW ROAD 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
2023 22 FEB	£307,500	£311,447	1% below HPI
2017 10 OCT	£235,000	£250,443	6% below HPI
2012 4 SEP	£137,000	£161,403	15% below HPI
2006 1 SEP	£134,000	£147,977	9% below HPI
2000 28 FEB	£56,500	£61,664	8% below HPI

3 FAIRVIEW ROAD 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 five 3 FAIRVIEW ROAD sales between February 2000 and February 2023 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 October 2017 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2023 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 3 FAIRVIEW ROAD be worth now?

3 FAIRVIEW ROAD might now be worth an estimated £307,173.

This is based on house price deflation of 0.1%, between February 2023 and May 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 0.1% deflationary decrease is applied to the most recent sale price for 3 FAIRVIEW ROAD of £307,500 on 22nd February 2023. For the value to have decreased from £307,500 to £307,173 over the two years and nine months to May 2026, the following assumptions must hold true:

• The value of 3 FAIRVIEW ROAD has moved in line with the HPI for terraced houses in the Basildon local authority area.
• The February 2023 sale price of £307,500 represented a fair market value for the property.
• The size, condition, and specification of 3 FAIRVIEW ROAD has not materially changed since February 2023.

How Large is 3 FAIRVIEW ROAD?

3 FAIRVIEW ROAD is 57m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 10% 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 3 FAIRVIEW ROAD lies on this distribution: 2% of terraced houses houses are smaller than 3 FAIRVIEW ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Basildon.

3 FAIRVIEW ROAD: Plot and Title Map

3 FAIRVIEW ROAD sits on a plot of roughly 0.027 of an acre, or 109m². The below map shows the location of 3 FAIRVIEW ROAD, 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 3 FAIRVIEW ROAD). 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 3 FAIRVIEW ROAD?

3 FAIRVIEW ROAD is located in BASILDON, in the SS14 postcode district. The below map shows the position of No. 3 on FAIRVIEW ROAD.