4, REDWING DRIVE, BILLERICAY, CM11 2PG - £350,000

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.

4 REDWING DRIVE is a very small terraced house of 67m², built sometime between 1983 and 1990, which could now be worth an estimated £397,931. It was last sold for £350,000 in June 2021, which was around 27% above the average June 2021 terraced price in the Basildon local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was B.

4 REDWING DRIVE Sold Prices

Land registry data shows four sales for 4 REDWING DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Basildon local authority area for the corresponding sale date. All of the four 4 REDWING DRIVE 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
2021 2 JUN	£350,000	£275,992	27% above HPI
2016 25 NOV	£315,000	£237,814	32% above HPI
2011 20 MAY	£205,000	£151,807	35% above HPI
2007 27 JUL	£178,000	£159,350	12% above HPI

4 REDWING DRIVE 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 four 4 REDWING DRIVE sales between July 2007 and June 2021 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 November 2016 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the June 2021 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 4 REDWING DRIVE be worth now?

4 REDWING DRIVE might now be worth an estimated £397,931.

This is based on house price inflation of 13.7%, between June 2021 and June 2025, 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 13.7% inflationary increase is applied to the most recent sale price for 4 REDWING DRIVE of £350,000 on 2nd June 2021. For the value to have increased from £350,000 to £397,931 over the four years to June 2025, the following assumptions must hold true:

• The value of 4 REDWING DRIVE has moved in line with the HPI for terraced houses in the Basildon local authority area.
• The June 2021 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 4 REDWING DRIVE has not materially changed since June 2021.

How Large is 4 REDWING DRIVE?

4 REDWING DRIVE is 67m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 10% of terraced houses houses in Billericay, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Billericay, and where 4 REDWING DRIVE lies on this distribution: 2% of terraced houses houses are smaller than 4 REDWING DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Billericay.

4 REDWING DRIVE: Plot and Title Map

4 REDWING DRIVE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 4 REDWING DRIVE, 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 4 REDWING DRIVE). 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 4 REDWING DRIVE?

4 REDWING DRIVE is located in BILLERICAY, in the CM11 postcode district. The below map shows the position of No. 4 on REDWING DRIVE.