5, MILBANKE CLOSE, SHOEBURYNESS, SOUTHEND-ON-SEA, SS3 8BU - £234,950

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.

5 MILBANKE CLOSE is a very small extended terraced house of 77m², built sometime between 1991 and 1995, which could now be worth an estimated £314,157. It was last sold for £234,950 in May 2016, which was around 1% below the average May 2016 terraced price in the Southend-on-Sea local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

5 MILBANKE CLOSE Sold Prices

Land registry data shows six sales for 5 MILBANKE CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Southend-on-Sea local authority area for the corresponding sale date. three of the six 5 MILBANKE CLOSE sales were for below the average price, and six 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
2016 23 MAY	£234,950	£236,650	1% below HPI
2011 15 JUL	£160,000	£168,264	5% below HPI
2006 28 APR	£154,000	£159,851	4% below HPI
2000 29 SEP	£82,000	£72,662	13% above HPI
1997 27 JUN	£52,000	£49,141	6% above HPI
1995 23 JUN	£53,600	£44,160	21% above HPI

5 MILBANKE CLOSE 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 six 5 MILBANKE CLOSE sales between June 1995 and May 2016 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 July 2011 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2016 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 5 MILBANKE CLOSE be worth now?

5 MILBANKE CLOSE might now be worth an estimated £314,157.

This is based on house price inflation of 33.7%, between May 2016 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 33.7% inflationary increase is applied to the most recent sale price for 5 MILBANKE CLOSE of £234,950 on 23rd May 2016. For the value to have increased from £234,950 to £314,157 over the eight years and eleven months to June 2025, the following assumptions must hold true:

• The value of 5 MILBANKE CLOSE has moved in line with the HPI for terraced houses in the Southend-on-Sea local authority area.
• The May 2016 sale price of £234,950 represented a fair market value for the property.
• The size, condition, and specification of 5 MILBANKE CLOSE has not materially changed since May 2016.

How Large is 5 MILBANKE CLOSE?

5 MILBANKE CLOSE is 77m², which includes two extensions, according to the EPC inspection conducted in March 2011. This puts it in the smallest 10% of terraced houses houses in Shoeburyness, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Shoeburyness, and where 5 MILBANKE CLOSE lies on this distribution: 7% of terraced houses houses are smaller than 5 MILBANKE CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Shoeburyness.

5 MILBANKE CLOSE: Plot and Title Map

5 MILBANKE CLOSE sits on a plot of roughly 0.042 of an acre, or 170m². The below map shows the location of 5 MILBANKE 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 5 MILBANKE 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 5 MILBANKE CLOSE?

5 MILBANKE CLOSE is located in SHOEBURYNESS, in the SS3 postcode district. The below map shows the position of No. 5 on MILBANKE CLOSE.