50, PAXFORDS, BASILDON, SS15 6SQ - £278,500

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.

50 PAXFORDS is a very small terraced house of 88m², built sometime between 1950 and 1966, which could now be worth an estimated £343,693. It was last sold for £278,500 in May 2018, which was around 10% above the average May 2018 terraced price in the Basildon local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was B.

50 PAXFORDS Sold Prices

Land registry data shows three sales for 50 PAXFORDS 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. One of the three 50 PAXFORDS sales was for above the average price, whilst two 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
2018 18 MAY	£278,500	£252,102	10% above HPI
2017 11 AUG	£190,000	£250,397	24% below HPI
2002 28 JUN	£79,000	£89,275	12% below HPI

50 PAXFORDS 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 50 PAXFORDS sales between June 2002 and May 2018 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 2017 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2018 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 50 PAXFORDS be worth now?

50 PAXFORDS might now be worth an estimated £343,693.

This is based on house price inflation of 23.4%, between May 2018 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 23.4% inflationary increase is applied to the most recent sale price for 50 PAXFORDS of £278,500 on 18th May 2018. For the value to have increased from £278,500 to £343,693 over the eight years to May 2026, the following assumptions must hold true:

• The value of 50 PAXFORDS has moved in line with the HPI for terraced houses in the Basildon local authority area.
• The May 2018 sale price of £278,500 represented a fair market value for the property.
• The size, condition, and specification of 50 PAXFORDS has not materially changed since May 2018.

How Large is 50 PAXFORDS?

50 PAXFORDS is 88m² according to the EPC inspection conducted in November 2017. 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 50 PAXFORDS lies on this distribution: 16% of terraced houses houses are smaller than 50 PAXFORDS, and 82% of houses are larger. Note that EPC data is not available for all properties in Basildon.

50 PAXFORDS: Plot and Title Map

50 PAXFORDS sits on a plot of roughly 0.033 of an acre, or 132m². The below map shows the location of 50 PAXFORDS, 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 50 PAXFORDS). 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 50 PAXFORDS?

50 PAXFORDS is located in BASILDON, in the SS15 postcode district. The below map shows the position of No. 50 on PAXFORDS.