7, SILVER WAY, WICKFORD, SS11 7AP - £310,000

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.

7 SILVER WAY is a small extended terraced house of 109m², built sometime between 1976 and 1982, which could now be worth an estimated £315,604. It was last sold for £310,000 in October 2023, which was around 1% above the average October 2023 terraced price in the Basildon local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

7 SILVER WAY Sold Prices

Land registry data shows four sales for 7 SILVER WAY 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 7 SILVER WAY 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
2023 6 OCT	£310,000	£305,592	1% above HPI
2013 16 DEC	£192,500	£165,197	17% above HPI
2003 10 JUL	£179,000	£114,476	56% above HPI
1998 18 DEC	£67,250	£54,626	23% above HPI

7 SILVER WAY 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 7 SILVER WAY sales between December 1998 and October 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 December 2013 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the October 2023 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 7 SILVER WAY be worth now?

7 SILVER WAY might now be worth an estimated £315,604.

This is based on house price inflation of 1.8%, between October 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 1.8% inflationary increase is applied to the most recent sale price for 7 SILVER WAY of £310,000 on 6th October 2023. For the value to have increased from £310,000 to £315,604 over the three years and five months to May 2026, the following assumptions must hold true:

• The value of 7 SILVER WAY has moved in line with the HPI for terraced houses in the Basildon local authority area.
• The October 2023 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SILVER WAY has not materially changed since October 2023.

How Large is 7 SILVER WAY?

7 SILVER WAY is 109m², which includes two extensions, according to the EPC inspection conducted in May 2023. This puts it in the smallest 30% of terraced houses houses in Runwell, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Runwell, and where 7 SILVER WAY lies on this distribution: 29% of terraced houses houses are smaller than 7 SILVER WAY, and 70% of houses are larger. Note that EPC data is not available for all properties in Runwell.

7 SILVER WAY: Plot and Title Map

7 SILVER WAY sits on a plot of roughly 0.038 of an acre, or 153m². The below map shows the location of 7 SILVER WAY, 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 7 SILVER WAY). 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 7 SILVER WAY?

7 SILVER WAY is located in WICKFORD, in the SS11 postcode district. The below map shows the position of No. 7 on SILVER WAY.