338, OUTWOOD COMMON ROAD, BILLERICAY, CM11 2LT - £402,000

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.

338 OUTWOOD COMMON ROAD is a very small extended semi-detached house of 94m², built sometime between 1967 and 1975, which could now be worth an estimated £469,581. It was last sold for £402,000 in October 2020, which was around 11% above the average October 2020 semi-detached price in the Basildon local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

338 OUTWOOD COMMON ROAD Sold Prices

Land registry data shows five sales for 338 OUTWOOD COMMON ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Basildon local authority area for the corresponding sale date. All of the five 338 OUTWOOD COMMON ROAD 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
2020 5 OCT	£402,000	£361,670	11% above HPI
2013 30 APR	£247,000	£210,478	17% above HPI
2001 11 JUN	£132,000	£105,412	25% above HPI
1999 8 OCT	£102,000	£82,992	23% above HPI
1995 3 APR	£63,500	£59,340	7% above HPI

338 OUTWOOD COMMON ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Basildon local authority area over time, sourced from the HPI. The five 338 OUTWOOD COMMON ROAD sales between April 1995 and October 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 April 2013 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the October 2020 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 338 OUTWOOD COMMON ROAD be worth now?

338 OUTWOOD COMMON ROAD might now be worth an estimated £469,581.

This is based on house price inflation of 16.8%, between October 2020 and June 2025, for semi-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 16.8% inflationary increase is applied to the most recent sale price for 338 OUTWOOD COMMON ROAD of £402,000 on 5th October 2020. For the value to have increased from £402,000 to £469,581 over the five years and four months to June 2025, the following assumptions must hold true:

• The value of 338 OUTWOOD COMMON ROAD has moved in line with the HPI for semi-detached houses in the Basildon local authority area.
• The October 2020 sale price of £402,000 represented a fair market value for the property.
• The size, condition, and specification of 338 OUTWOOD COMMON ROAD has not materially changed since October 2020.

How Large is 338 OUTWOOD COMMON ROAD?

338 OUTWOOD COMMON ROAD is 94m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of semi-detached houses houses in Billericay, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Billericay, and where 338 OUTWOOD COMMON ROAD lies on this distribution: 13% of semi-detached houses houses are smaller than 338 OUTWOOD COMMON ROAD, and 86% of houses are larger. Note that EPC data is not available for all properties in Billericay.

338 OUTWOOD COMMON ROAD: Plot and Title Map

338 OUTWOOD COMMON ROAD sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 338 OUTWOOD COMMON 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 338 OUTWOOD COMMON 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 338 OUTWOOD COMMON ROAD?

338 OUTWOOD COMMON ROAD is located in BILLERICAY, in the CM11 postcode district. The below map shows the position of No. 338 on OUTWOOD COMMON ROAD.